Owens Corning Reports First-Quarter 2017 Results
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Owens Corning (OC) PT Raised to $72 at Jefferies
April 27, 2017 10:28 AM EDTJefferies raised its price target on Owens Corning (NYSE: OC) to $72.00 (from $71.00) while maintaining a Buy rating.
OC reiterated its ~6% sales growth and ~$35 mil of EBIT improvement target for insulation in 2017. The company also reiterated its FY guidance for Composites, but following... More
Owens Corning (OC) Tops Q1 EPS by 26c
April 26, 2017 7:36 AM EDTOwens Corning (NYSE: OC) reported Q1 EPS of $0.85, $0.26 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.3 billion.
"Owens Corning is off to a great start in 2017. The company capitalized on market growth and delivered an outstanding result in the quarter, said Chairman and Chief Executive Officer Mike Thaman. All three businesses are executing on our priorities, and we are well-positioned to achieve another year of strong... More
