Owens Corning (NYSE:OC – Get Free Report) will be announcing its earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $4.31 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Owens Corning Stock Down 7.2 %
Owens Corning stock opened at $169.68 on Monday. The company’s 50-day moving average price is $175.81 and its two-hundred day moving average price is $166.26. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.50. The stock has a market cap of $14.70 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.62 and a beta of 1.42. Owens Corning has a twelve month low of $109.95 and a twelve month high of $191.13.
Owens Corning Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.41%. Owens Corning’s dividend payout ratio (DPR) is currently 19.43%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on OC
Insider Transactions at Owens Corning
In other Owens Corning news, CFO Todd W. Fister sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $173.65, for a total transaction of $520,950.00. Following the completion of the transaction, the chief financial officer now owns 31,626 shares of the company’s stock, valued at $5,491,854.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Mari Doerfler sold 240 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $182.05, for a total transaction of $43,692.00. Following the sale, the vice president now owns 4,954 shares in the company, valued at approximately $901,875.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd W. Fister sold 3,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $173.65, for a total value of $520,950.00. Following the completion of the transaction, the chief financial officer now owns 31,626 shares of the company’s stock, valued at $5,491,854.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,360 shares of company stock valued at $3,437,315. Corporate insiders own 0.89% of the company’s stock.
About Owens Corning
Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.
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