Owens Corning Reports Third-Quarter 2016 Results
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Jefferies Remains Bullish Following Owens Corning's (OC) 3Q
October 27, 2016 9:52 AM EDTJefferies maintained a Buy rating on Owens Corning (NYSE: OC), and cut the price target to $60.00 (from $63.00), following the company's 3Q. OC noted storm demand this year is tracking ~10% above normal, assuming a reversal in 2017, the potential impact is a 3-4% drag to volumes... More
CL King Downgrades Owens Corning (OC) to Neutral
October 27, 2016 7:32 AM EDTCL King downgraded Owens Corning (NYSE: OC) from Buy to Neutral and removed its price target (prior $59.00).
For an analyst ratings summary and ratings history on Owens Corning click here. For more ratings news on Owens Corning click here.
Shares of Owens Corning closed at $50.05 yesterday.
... MoreVertical Group Upgrades Owens Corning (OC) to Buy
October 27, 2016 7:09 AM EDTVertical Group upgraded Owens Corning (NYSE: OC) from Hold to Buy with a price target of $56.00.
For an analyst ratings summary and ratings history on Owens Corning click here. For more ratings news on Owens Corning click here.
Shares of Owens Corning closed at $50.05 yesterday.
... MoreOwens Corning (OC) Tops Q3 EPS by 10c
October 26, 2016 7:28 AM EDTOwens Corning (NYSE: OC) reported Q3 EPS of $1.09, $0.10 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.51 billion.
In the third quarter, Owens Corning continued the strong performance we have seen throughout 2016. Our Roofing business delivered another outstanding quarter with favorable market conditions, great margin performance and revenue growth associated with our first-half acquisition. Based on our strong performance and cash flow outlook, the Board of Directors has approved an additional share repurchase authorization for up to 10 million shares,... More
