What’s Owens Corning (OC)’s Price to Earnings Ratio?

Owens Corning (NYSE:OC) saw an upside of 0.96% to close Tuesday at $89.10 after adding $0.85 on the day. The 5-day average trading volume is 903,460 shares of the company’s common stock. It has gained $91.42 in the past week. An average of 1,106,550 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 833,162.

OC’s 1-month performance is -7.22% or -$4.57 on its low of $85.16 reached on 09/30/21. The company’s shares have touched a 52-week low of $64.56 and high of $109.89, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, OC has achieved 17.61% or $13.34. However, the current price is down -18.92%% from the 52-week high price.

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Insider Transactions

On Aug 09, 65 days have gone by since the last insider trading activity for Owens Corning (OC). MORRIS W HOWARD (Director) most recently sold 1,904 shares at $95.60 per share on Aug 09. This transaction cost the insider $182,022. Vice President and Controller, Schmidt Kelly, sold 5,055 shares at a price of $98.98 on May 03. Then, on Apr 14, President, Composites Sandri Marcio A sold 12,000 shares at a price of $97.02 per share. This transaction amounted to $1,164,240.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 37.79 and a low of 8.454. OC stock has a beta of 1.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.18 while the price-to-book (PB) in the most recent quarter is 2.26, with the price to cash flow ratio at 8.14.

Owens Corning pays an annual dividend of $1.04 per share. Its dividend yield is 1.17% and the payout ratio is 11.30%. OC paid $0.26 a share compared with prior rate of $0.26, down 0.0% from last year’s. The company has boosted its dividend for the last 5 consecutive years with the latest dividend increase of $0.02 reported on Thursday December 3 2020. Measured over the last 3 years, the Dividend has been growing by 18.52% yearly.

It is projected that Owens Corning’s next ex-dividend date will be on 21-Oct-2021. OC is expected to distribute $0.26 as its next dividend.

Owens Corning’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.90 meaning that OC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.76, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 25.60%. The trailing 12-month EBITDA margin is 19.16% while for the period ending June 29; Owens Corning’s operating margin was 16.10%. The firm’s gross profit as reported stood at $1.61 billion against revenue of $7.05 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected OC to announce $2.14 per share in earnings in its latest quarter, but it posted $2.6, representing a 21.50% surprise. EBITDA for the quarter stood at more than $547.0 million. OC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.82 billion, with total debt at $3.31 billion. Shareholders hold equity totaling $103.13 million

Technical Picture

Let’s look briefly at Owens Corning (OC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 49.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.80%.

The stock’s 5-day moving average is $88.79, reflecting a +1.30% or $1.14 change from its current price. OC is currently trading -4.75% above its 20-day SMA, -14.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -5.62% and +13.65% respectively.

Stochastic %K and %D was 46.43% and 48.79% and the average true range (ATR) pointed at 2.50. The RSI (14) points at 46.83%, while the 14-day stochastic is at 56.69% with the period’s ATR at 2.51. The stock’s 9-day MACD Oscillator is pointing at 0.33 and 0.01 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Owens Corning (NYSE: OC), Wells Fargo launched coverage with an Equal weight rating. Analysts offering their rating for OC stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate OC as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.

What is OC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $85.00 and a high of $164.00, with their median price target at $110.00. Looking at these predictions, the average price target given by analysts is for Owens Corning (OC) stock is $116.87.


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