Owens Corning (OC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Owens Corning's strategic focus on ESG, insulation, and energy transition, along with the Masonite acquisition, provides a solid growth platform despite current market challenges. The company reported 2024 sales of $10.98 billion, with adjusted earnings of $15.91 per share, but GAAP earnings were significantly lower due to various charges. Despite a reasonable valuation at 10 times adjusted earnings and reduced leverage, the lack of organic growth and high margins limit near-term earnings growth potential.
OC's fourth-quarter results reflect a disciplined approach to capital allocation, operational excellence and market expansion.
Owens Corning (OC) shares fell 4% Monday as the maker of insulation and other building materials saw a drop in demand for its legacy products and warned of business headwinds in both North America and Europe.
The headline numbers for Owens Corning (OC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Owens Corning (OC) came out with quarterly earnings of $3.22 per share, beating the Zacks Consensus Estimate of $2.87 per share. This compares to earnings of $3.21 per share a year ago.
Owens Corning OC will release its fourth-quarter financial results after the closing bell on Monday, Feb. 24.
Owens Corning (OC) closed the most recent trading day at $174.13, moving -1.96% from the previous trading session.
Besides Wall Street's top -and-bottom-line estimates for Owens Corning (OC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
OC refines its portfolio, boosting its focus on building products with a $755 million sale of glass reinforcements.
Construction equipment maker Owens Corning said on Friday it has agreed to sell its glass reinforcements business to India-based Praana Group in a deal valued at $755 million.