Owens Corning (OC - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this construction materials company have returned -18.1% over the past month versus the Zacks S&P 500 composite's -0.4% change. The Zacks Building Products - Miscellaneous industry, to which Owens Corning belongs, has lost 8.1% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Owens Corning is expected to post earnings of $3.20 per share, indicating a change of -12.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -4.6% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $9.94 points to a change of -17.5% from the prior year. Over the last 30 days, this estimate has changed +3%.
For the next fiscal year, the consensus earnings estimate of $12.13 indicates a change of +22% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has changed +1.9%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Owens Corning.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Owens Corning, the consensus sales estimate of $2.63 billion for the current quarter points to a year-over-year change of -2.1%. The $9.96 billion and $10.36 billion estimates for the current and next fiscal years indicate changes of -1.5% and +4.1%, respectively.
Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.76 billion in the last reported quarter, representing a year-over-year change of +0.3%. EPS of $3.93 for the same period compares with $4.21 a year ago.
Compared to the Zacks Consensus Estimate of $2.67 billion, the reported revenues represent a surprise of +3.16%. The EPS surprise was +28.43%.
Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
A month has gone by since the last earnings report for Owens Corning (OC - Free Report) . Shares have lost about 10.6% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Owens Corning due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Owens Corning Inc before we dive into how investors and analysts have reacted as of late.
OC Q2 Earnings Beat Estimates on Strong Commercial ExecutionOwens Corning posted adjusted earnings of $3.93 per share for the second quarter of 2026, down 6.7% year over year but ahead of the Zacks Consensus Estimate of $3.06 by 28.4%. Net sales rose 0.3% to $2.76 billion and beat the $2.67 billion consensus mark by 3.2%.
Results reflected strong commercial execution across Roofing and Insulation, partly offset by inflation and weaker Doors volumes. Roofing sales increased 0.8% year over year, while the business delivered a 34% EBITDA margin.
OC's Profitability Reflects Resilient ExecutionAdjusted EBITDA was $660 million, down 6.1% from $703 million a year ago. The adjusted EBITDA margin contracted to 24% from 26% as inflation weighed on profitability.
Second-quarter EBITDA included $25 million of tariff refunds, about half of which benefited Doors. These refunds partly offset $30 million of net cost inflation tied to the Iran conflict. The company recorded only $3 million of adjusting items during the quarter.
Segmental DiscussionRoofing revenues were $1.31 billion, up 0.8% from $1.30 billion a year earlier. Growth was supported by favorable product mix and solid demand for higher-value products. Shingle and components volumes were slightly ahead of the broader market, while elevated industry restocking supported market shipments.
Roofing EBITDA fell 3.5% to $441 million. Higher inflation, including transportation costs, created negative price-cost pressure amid relatively flat pricing. Management noted solid realization from price increases announced during the quarter.
Insulation revenues increased 4.0% year over year to $971 million, driven mainly by higher volumes and a modest currency benefit. North American residential revenues edged higher, while nonresidential revenues benefited from higher volumes and pockets of strong end-market growth. European operations also posted growth as core markets improved and commercial execution remained strong.
Segment EBITDA declined 5.3% to $213 million because of slightly lower pricing and continued inflation, while the EBITDA margin was 22%.
Doors revenues declined 7.4% to $513 million, mainly because of strategic business exits. The divested distribution business and Oregon components facility reduced second-quarter revenues by a combined $30 million.
Doors EBITDA fell 24.0% to $57 million due to lower volumes and higher transportation costs. The segment's 11% EBITDA margin nevertheless exceeded management's prior guidance, helped by tariff refunds. Owens Corning has achieved $135 million of enterprise run-rate synergies in Doors, above its original $125 million target.
OC Generates Higher Quarterly Free Cash FlowFree cash flow increased 54.3% year over year to $199 million, aided by disciplined working capital management. Capital additions from continuing operations were $194 million, up $18 million from the prior-year quarter, while return on capital for the 12 months ended June 30 was 10%.
Owens Corning ended the quarter with $1.8 billion of liquidity, including $271 million in cash and $1.5 billion available under bank debt facilities. The company returned $264 million to shareholders through $200 million of share repurchases and $64 million of dividends.
Owens Corning Sees Softer Q3 Roofing DemandFor the third quarter of 2026, Owens Corning expects revenues of $2.6 billion to $2.7 billion and an adjusted EBITDA margin of 20% to 22%. The outlook includes about $40 million of incremental inflation costs tied to the Iran conflict.
Roofing revenues are expected to decline by mid- to high-single digits year over year, with an EBITDA margin near 30%, as heavier second-quarter stocking weighs on distributor purchases. Insulation revenues are projected to grow by mid-single digits with a 22% EBITDA margin, while Doors revenues are expected to fall by mid-single digits with a margin of about 10%.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.
VGM ScoresAt this time, Owens Corning has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Owens Corning has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerOwens Corning belongs to the Zacks Building Products - Miscellaneous industry. Another stock from the same industry, Jacobs Solutions (J - Free Report) , has gained 2.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Jacobs Solutions reported revenues of $4.08 billion in the last reported quarter, representing a year-over-year change of +34.5%. EPS of $1.84 for the same period compares with $1.62 a year ago.
Jacobs Solutions is expected to post earnings of $2.17 per share for the current quarter, representing a year-over-year change of +24%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.9%.
Jacobs Solutions has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
Bank of New York Mellon Corp bought a new position in Owens Corning Inc (NYSE:OC – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 577,688 shares of the construction company’s stock, valued at approximately $91,829,000. Bank of New York Mellon Corp owned about 0.72% of Owens Corning as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. HM Payson & Co. lifted its holdings in Owens Corning by 203.6% in the second quarter. HM Payson & Co. now owns 167 shares of the construction company’s stock valued at $27,000 after buying an additional 112 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Owens Corning in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC bought a new position in Owens Corning during the first quarter worth about $30,000. Harbour Investments Inc. raised its position in shares of Owens Corning by 66.5% during the fourth quarter. Harbour Investments Inc. now owns 323 shares of the construction company’s stock worth $36,000 after purchasing an additional 129 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in Owens Corning in the third quarter valued at approximately $42,000. 88.40% of the stock is owned by institutional investors.
Owens Corning Price Performance Shares of NYSE OC opened at $147.13 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The firm’s 50-day moving average price is $143.74 and its 200-day moving average price is $127.48. The firm has a market capitalization of $11.63 billion, a P/E ratio of -18.25, a P/E/G ratio of 2.23 and a beta of 1.32. Owens Corning Inc has a 1-year low of $97.53 and a 1-year high of $159.91.
Owens Corning (NYSE:OC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.84. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.21 EPS. Equities research analysts anticipate that Owens Corning Inc will post 9.9 earnings per share for the current fiscal year. Owens Corning Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, July 20th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $3.16 dividend on an annualized basis and a yield of 2.1%. Owens Corning’s payout ratio is presently -39.21%.
Analyst Ratings Changes Several research firms have recently commented on OC. Royal Bank Of Canada increased their price objective on Owens Corning from $148.00 to $172.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Evercore restated an “outperform” rating and issued a $193.00 price target on shares of Owens Corning in a research note on Thursday, July 23rd. Barclays upped their price objective on shares of Owens Corning from $170.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. The Goldman Sachs Group increased their price target on shares of Owens Corning from $141.00 to $159.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Owens Corning from $136.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.31.
Check Out Our Latest Stock Report on OC
Insider Activity In other Owens Corning news, insider Rachel Barthelemy Marcon sold 700 shares of Owens Corning stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $120.71, for a total transaction of $84,497.00. Following the completion of the transaction, the insider owned 15,848 shares of the company’s stock, valued at $1,913,012.08. The trade was a 4.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is currently owned by corporate insiders.
About Owens Corning (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
Recommended Stories Five stocks we like better than Owens Corning Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Owens Corning (OC - Free Report) . OC is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 10.24 right now. For comparison, its industry sports an average P/E of 17.54. OC's Forward P/E has been as high as 13.40 and as low as 8.54, with a median of 10.70, all within the past year.
Another valuation metric that we should highlight is OC's P/B ratio of 2.38. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 6.24. Over the past 12 months, OC's P/B has been as high as 3.23 and as low as 2.19, with a median of 2.51.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OC has a P/S ratio of 1.18. This compares to its industry's average P/S of 1.44.
Finally, we should also recognize that OC has a P/CF ratio of 11.93. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 15.14. Over the past 52 weeks, OC's P/CF has been as high as 13.25 and as low as 8.85, with a median of 11.70.
These are just a handful of the figures considered in Owens Corning's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that OC is an impressive value stock right now.
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?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Owens Corning (OC - Free Report) .
Owens Corning currently has an average brokerage recommendation (ABR) of 1.79, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.79 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 57.9% and 5.3% of all recommendations.
Brokerage Recommendation Trends for OC
Check price target & stock forecast for Owens Corning here>>>
The ABR suggests buying Owens Corning, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in OC?In terms of earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has increased 3.7% over the past month to $9.9.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Owens Corning may serve as a useful guide for investors.
Advisors Capital Management LLC purchased a new stake in Owens Corning Inc (NYSE:OC – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 53,306 shares of the construction company’s stock, valued at approximately $8,474,000. Advisors Capital Management LLC owned about 0.07% of Owens Corning as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. HM Payson & Co. raised its position in Owens Corning by 203.6% during the 2nd quarter. HM Payson & Co. now owns 167 shares of the construction company’s stock worth $27,000 after purchasing an additional 112 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Owens Corning during the fourth quarter worth $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Owens Corning during the 1st quarter worth about $30,000. Harbour Investments Inc. grew its stake in Owens Corning by 66.5% in the fourth quarter. Harbour Investments Inc. now owns 323 shares of the construction company’s stock valued at $36,000 after acquiring an additional 129 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Owens Corning in the 4th quarter valued at $37,000. Institutional investors own 88.40% of the company’s stock.
Owens Corning Stock Performance Shares of OC opened at $147.19 on Friday. Owens Corning Inc has a 12 month low of $97.53 and a 12 month high of $159.91. The business’s fifty day simple moving average is $142.73 and its two-hundred day simple moving average is $127.15. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The company has a market cap of $11.64 billion, a price-to-earnings ratio of -18.26, a P/E/G ratio of 2.28 and a beta of 1.32.
Owens Corning (NYSE:OC – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The construction company reported $3.93 EPS for the quarter, beating the consensus estimate of $3.09 by $0.84. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.66 billion. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.21 EPS. Research analysts anticipate that Owens Corning Inc will post 9.9 earnings per share for the current fiscal year. Owens Corning Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, July 20th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $3.16 dividend on an annualized basis and a yield of 2.1%. Owens Corning’s dividend payout ratio is presently -39.21%.
Insider Activity In other news, insider Rachel Barthelemy Marcon sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $120.71, for a total value of $84,497.00. Following the completion of the sale, the insider directly owned 15,848 shares of the company’s stock, valued at $1,913,012.08. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.92% of the company’s stock.
Analysts Set New Price Targets A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Owens Corning from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Zacks Research raised shares of Owens Corning from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Evercore restated an “outperform” rating and set a $193.00 target price on shares of Owens Corning in a research report on Thursday, July 23rd. Barclays increased their price target on shares of Owens Corning from $170.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Owens Corning from $136.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.25.
Read Our Latest Stock Report on Owens Corning
Owens Corning Company Profile (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
Featured Articles Five stocks we like better than Owens Corning 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.
BlackRock Inc. acquired a new stake in Owens Corning Inc (NYSE:OC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,814,550 shares of the construction company’s stock, valued at approximately $1,401,161,000. BlackRock Inc. owned approximately 10.95% of Owens Corning as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Louisiana State Employees Retirement System bought a new stake in Owens Corning in the first quarter valued at $2,576,000. BNP Paribas Financial Markets lifted its holdings in shares of Owens Corning by 178.2% during the fourth quarter. BNP Paribas Financial Markets now owns 186,652 shares of the construction company’s stock valued at $20,888,000 after acquiring an additional 119,566 shares during the period. Raiffeisen Bank International AG boosted its stake in shares of Owens Corning by 12.4% in the 4th quarter. Raiffeisen Bank International AG now owns 353,302 shares of the construction company’s stock valued at $39,976,000 after purchasing an additional 38,885 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Owens Corning by 10.8% in the 4th quarter. Systematic Financial Management LP now owns 244,437 shares of the construction company’s stock worth $27,355,000 after purchasing an additional 23,873 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Owens Corning by 1,243.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 39,134 shares of the construction company’s stock worth $4,379,000 after purchasing an additional 36,222 shares during the last quarter. 88.40% of the stock is owned by institutional investors.
Insider Transactions at Owens Corning
In other news, insider Rachel Barthelemy Marcon sold 700 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $120.71, for a total transaction of $84,497.00. Following the completion of the transaction, the insider directly owned 15,848 shares in the company, valued at approximately $1,913,012.08. The trade was a 4.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.92% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on OC. Benchmark reaffirmed a “hold” rating on shares of Owens Corning in a research note on Wednesday, July 15th. The Goldman Sachs Group lifted their target price on shares of Owens Corning from $141.00 to $159.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Wall Street Zen raised Owens Corning from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Evercore restated an “outperform” rating and set a $193.00 price target on shares of Owens Corning in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on Owens Corning from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.25.
Read Our Latest Report on Owens Corning
Owens Corning Stock Performance
Shares of NYSE:OC opened at $147.19 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. Owens Corning Inc has a 1-year low of $97.53 and a 1-year high of $159.91. The stock has a market capitalization of $11.64 billion, a P/E ratio of -18.26, a P/E/G ratio of 2.28 and a beta of 1.32. The business has a 50-day moving average price of $142.73 and a two-hundred day moving average price of $127.15.
Owens Corning (NYSE:OC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The construction company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.84. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted $4.21 earnings per share. Owens Corning’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts predict that Owens Corning Inc will post 9.9 earnings per share for the current year.
Owens Corning Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, July 20th were paid a $0.79 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $3.16 annualized dividend and a yield of 2.1%. Owens Corning’s dividend payout ratio is presently -39.21%.
Owens Corning Profile
(Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
Recommended Stories
Five stocks we like better than Owens Corning
3 Energy Stocks Raising Dividends as the Sector Surges
5 Reasons the S&P 500 Could Keep Rallying Through Year-End
Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.
Avalon Trust Co purchased a new stake in shares of Owens Corning Inc (NYSE:OC – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,000 shares of the construction company’s stock, valued at approximately $636,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OC. Vanguard Group Inc. lifted its stake in shares of Owens Corning by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,765,729 shares of the construction company’s stock worth $1,092,883,000 after buying an additional 84,096 shares during the last quarter. State Street Corp grew its stake in Owens Corning by 2.3% in the 3rd quarter. State Street Corp now owns 3,634,987 shares of the construction company’s stock valued at $514,205,000 after buying an additional 81,133 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Owens Corning by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,764,616 shares of the construction company’s stock valued at $299,167,000 after buying an additional 188,211 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Owens Corning by 9.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,594,229 shares of the construction company’s stock valued at $290,321,000 after acquiring an additional 231,871 shares during the period. Finally, First Trust Advisors LP raised its holdings in Owens Corning by 22.7% in the 1st quarter. First Trust Advisors LP now owns 2,179,214 shares of the construction company’s stock valued at $235,835,000 after acquiring an additional 403,803 shares during the period. 88.40% of the stock is owned by institutional investors.
Insider Activity at Owens Corning In other news, insider Rachel Barthelemy Marcon sold 700 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $120.71, for a total transaction of $84,497.00. Following the completion of the sale, the insider owned 15,848 shares of the company’s stock, valued at approximately $1,913,012.08. This represents a 4.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.92% of the company’s stock.
Analyst Ratings Changes A number of equities research analysts have recently issued reports on the company. Barclays boosted their price objective on Owens Corning from $170.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Bank of America lowered their target price on Owens Corning from $140.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. The Goldman Sachs Group lifted their price target on Owens Corning from $141.00 to $159.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Evercore restated an “outperform” rating and issued a $193.00 price target on shares of Owens Corning in a research note on Thursday, July 23rd. Finally, Citigroup upped their price objective on Owens Corning from $149.00 to $177.00 and gave the company a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.25.
Read Our Latest Stock Report on OC
Owens Corning Stock Performance NYSE:OC opened at $154.95 on Friday. The company has a market cap of $12.25 billion, a price-to-earnings ratio of -19.23, a PEG ratio of 2.33 and a beta of 1.32. Owens Corning Inc has a fifty-two week low of $97.53 and a fifty-two week high of $159.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.67 and a current ratio of 1.16. The stock has a fifty day moving average price of $140.25 and a 200-day moving average price of $126.27.
Owens Corning (NYSE:OC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.84. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business earned $4.21 earnings per share. Owens Corning’s revenue was up .3% on a year-over-year basis. As a group, equities analysts anticipate that Owens Corning Inc will post 9.9 EPS for the current fiscal year.
Owens Corning Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, July 20th were given a $0.79 dividend. The ex-dividend date was Monday, July 20th. This represents a $3.16 annualized dividend and a dividend yield of 2.0%. Owens Corning’s payout ratio is presently -39.21%.
Owens Corning Profile (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
See Also Five stocks we like better than Owens Corning Is Best Buy the AI Winner Hiding in the Electronics Aisle? Applied Materials Beat Everything but Wall Street’s Expectations for Margins Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing Want to see what other hedge funds are holding OC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens Corning Inc (NYSE:OC – Free Report).
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEAvalon Trust Co Buys Shares of 111,705 Palo Alto Networks, Inc. $PANW
NEXT HEADLINE »Clark Financial Services Group Inc. BD Boosts Position in Micron Technology, Inc. $MU
Assenagon Asset Management S.A. raised its position in Owens Corning Inc (NYSE:OC – Free Report) by 777.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,577 shares of the construction company’s stock after purchasing an additional 35,066 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Owens Corning were worth $6,291,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of OC. Baron Wealth Management LLC bought a new stake in Owens Corning in the 2nd quarter valued at approximately $219,000. GAMMA Investing LLC raised its holdings in shares of Owens Corning by 33.5% in the second quarter. GAMMA Investing LLC now owns 2,747 shares of the construction company’s stock valued at $437,000 after purchasing an additional 689 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Owens Corning by 13.8% in the second quarter. Versant Capital Management Inc now owns 1,017 shares of the construction company’s stock worth $162,000 after purchasing an additional 123 shares in the last quarter. Eastern Bank acquired a new position in Owens Corning during the second quarter worth $70,000. Finally, Basecamp Wealth Advisors LLC boosted its holdings in Owens Corning by 3.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 3,317 shares of the construction company’s stock worth $359,000 after purchasing an additional 97 shares during the last quarter. 88.40% of the stock is owned by institutional investors and hedge funds.
Insider Activity In other news, insider Rachel Barthelemy Marcon sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $120.71, for a total value of $84,497.00. Following the completion of the sale, the insider directly owned 15,848 shares of the company’s stock, valued at $1,913,012.08. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is currently owned by insiders.
Analyst Ratings Changes OC has been the topic of several recent research reports. Evercore reiterated an “outperform” rating and issued a $193.00 price target on shares of Owens Corning in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Owens Corning from $136.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Barclays lifted their target price on Owens Corning from $170.00 to $177.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Truist Financial set a $198.00 price target on Owens Corning in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Owens Corning from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.25.
Read Our Latest Analysis on Owens Corning
Owens Corning Stock Performance Shares of OC stock opened at $158.59 on Wednesday. The company has a fifty day moving average price of $138.13 and a two-hundred day moving average price of $125.63. Owens Corning Inc has a one year low of $97.53 and a one year high of $159.91. The stock has a market cap of $12.54 billion, a P/E ratio of -19.68, a P/E/G ratio of 2.68 and a beta of 1.32. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.16 and a quick ratio of 0.67.
Owens Corning (NYSE:OC – Get Free Report) last issued its earnings results on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.84. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the firm earned $4.21 EPS. Owens Corning’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts predict that Owens Corning Inc will post 9.65 EPS for the current year.
Owens Corning Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, July 20th were paid a $0.79 dividend. The ex-dividend date was Monday, July 20th. This represents a $3.16 annualized dividend and a yield of 2.0%. Owens Corning’s dividend payout ratio is currently -39.21%.
Owens Corning Company Profile (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
Further Reading Five stocks we like better than Owens Corning Atlassian Just Pulled Off the Software Comeback Wall Street Wanted AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings Apple’s Next iPhone Could Test How Much Pricing Power Is Left Want to see what other hedge funds are holding OC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens Corning Inc (NYSE:OC – Free Report).
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEAssenagon Asset Management S.A. Decreases Stock Holdings in Vaxcyte, Inc. $PCVX
NEXT HEADLINE »Assenagon Asset Management S.A. Boosts Holdings in Bristol Myers Squibb Company $BMY
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about Owens Corning (OC - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Owens Corning currently has an average brokerage recommendation (ABR) of 1.79, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.79 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 57.9% and 5.3% of all recommendations.
Brokerage Recommendation Trends for OC
Check price target & stock forecast for Owens Corning here>>>
While the ABR calls for buying Owens Corning, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is OC a Good Investment?In terms of earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has increased 1.3% over the past month to $9.65.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Owens Corning may serve as a useful guide for investors.
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Owens Corning (OC - Free Report) is a stock many investors are watching right now. OC is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 10.24 right now. For comparison, its industry sports an average P/E of 18.57. Over the past year, OC's Forward P/E has been as high as 13.40 and as low as 8.54, with a median of 10.70.
Investors should also recognize that OC has a P/B ratio of 2.38. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 6.60. Over the past year, OC's P/B has been as high as 3.23 and as low as 2.19, with a median of 2.51.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OC has a P/S ratio of 1.26. This compares to its industry's average P/S of 1.64.
Finally, investors should note that OC has a P/CF ratio of 11.93. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.44. OC's P/CF has been as high as 13.25 and as low as 8.85, with a median of 11.70, all within the past year.
These are only a few of the key metrics included in Owens Corning's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, OC looks like an impressive value stock at the moment.
3 High-Potential Stocks Analysts Say Could SoarOwens Corning NYSE: OC reported second-quarter 2026 revenue of $2.8 billion and adjusted EBITDA of $660 million, producing a 24% adjusted EBITDA margin as the building-products manufacturer cited commercial and operational initiatives that helped offset uneven construction and remodeling conditions.
Adjusted earnings per diluted share were $3.93. Revenue was relatively flat from the prior-year period, while free cash flow rose to $199 million from $129 million a year earlier. The company said it returned $264 million to shareholders during the quarter through $200 million of share repurchases and $64 million in dividends, bringing first-half capital returns to $327 million.
Get Owens Corning alerts:
MarketBeat Week in Review – 8/5 - 8/9“Our team delivered outstanding results in the second quarter, demonstrating the strength of the company we have built and our ability to execute at a high level in any market condition,” Chair and CEO Brian Chambers said.
Costs, capital spending and leadership changes Chief Financial and Operating Officer Todd Fister said second-quarter EBITDA included a $25 million benefit from tariff refunds, with about half of the refund affecting the doors business and the rest spread across the enterprise. The refunds partially offset $30 million in net cost inflation related to the Iran conflict, he said.
Owens-Corning Stock: Good Value or Recession Red Flag?Owens Corning expects the net cost impact related to Iran to be about $40 million in the third quarter as inflation moves through inventory, with roofing expected to be the most affected segment. Fister said the company has more than $20 million in potential additional tariff refunds pending, though the timing is uncertain and the potential refunds were not included in the company’s third-quarter outlook.
The company ended the quarter with $1.8 billion of liquidity, including $271 million in cash and $1.5 billion available under bank debt facilities. Its debt-to-EBITDA ratio was 2.4 times, near the middle of its targeted range of two to three times. Owens Corning said it intends to pay off $400 million of senior notes due in the third quarter using commercial paper.
For the full year, Owens Corning expects approximately $800 million of capital additions, with more than half allocated to productivity and growth programs. The company is building a new Fiberglas line in Kansas City that is expected to begin operating next year and initially serve commercial and industrial insulation applications. It is also constructing a roofing plant in Alabama, with capacity expected to be available by mid-2028.
Chambers said Jonathan Collins will join Owens Corning as chief financial officer on Aug. 10. Fister will transition to president and chief operating officer, leading enterprise initiatives intended to accelerate growth, improve performance and further integrate the company’s go-to-market strategy.
Roofing profitability remains strong despite inflation Roofing sales were about $1.3 billion, up slightly from a year earlier, supported by favorable product mix and demand for higher-value products. EBITDA declined $16 million to $441 million, while the segment’s EBITDA margin was 34%.
Fister said higher inflation, including transportation costs, created negative price-cost dynamics because pricing was relatively flat during the quarter. The company said it is seeing solid realization of price increases announced during the second quarter.
Owens Corning said its shingles and components volumes were slightly ahead of the broader market, aided by its contractor engagement model and demand for roofing systems and components. Those gains were partly offset by lower nonwovens volumes following the exit of a low-margin contract.
For the third quarter, the company expects roofing revenue to decline by a mid-to-high single-digit percentage from the prior year and an EBITDA margin of about 30%. Management expects asphalt roofing market shipments to decline by a high single-digit percentage, reflecting volume that was pulled into the second quarter ahead of price increases and heavier distributor inventory.
Chambers said distributor inventories are “a little heavier than normal,” though conditions vary by region. He said second-half roofing demand will be increasingly dependent on storm activity and regional trends. The company expects pricing gains to build through the third and fourth quarters, but said the timing of a return to price-cost neutrality depends on input, asphalt and transportation inflation.
Insulation growth led by non-residential and European markets Insulation revenue increased 4% to $971 million, driven primarily by higher volumes and a modest currency benefit. Segment EBITDA was $213 million, below the prior-year level due to slightly lower pricing and ongoing inflation, while the EBITDA margin was 22%.
The company cited strength in North American non-residential and European markets. North American residential revenue increased slightly as higher volumes offset the effects of earlier pricing actions. Fister said non-residential demand has benefited from pockets of strength including data centers, healthcare, interiors and U.S. reindustrialization activity.
In Europe, Owens Corning reported growth from commercial execution and improving core markets. Management said it believes Europe is positioned for stronger construction conditions over time after several years of below-average activity.
For the third quarter, the company expects insulation revenue to grow by a mid-single-digit percentage, with North American non-residential revenue up by a low-double-digit percentage. It expects the segment’s EBITDA margin to remain in line with the second quarter’s 22% level.
Owens Corning also plans to restart its smaller Nephi, Utah, insulation plant in the fourth quarter. Fister said the facility will help serve West Coast residential customers and support the company’s network during planned furnace rebuilds over the next two years. The Kansas City line is expected to provide additional network flexibility when it begins production.
Doors segment pursues margin expansion Doors revenue declined 7% to $513 million, primarily because of strategic divestitures. Owens Corning sold its distribution business in the first quarter, which had about $70 million in annual net revenue, and sold an Oregon components facility late last year that had about $50 million in annual sales. Together, those actions reduced second-quarter revenue by about $30 million.
Doors EBITDA was $57 million, down from the prior year because of lower volumes and higher transportation costs. The segment generated an 11% EBITDA margin, above the company’s guidance due to tariff refunds.
Management said it has achieved $135 million of run-rate enterprise cost synergies in doors, exceeding its original $125 million target by the end of the second year of ownership. Chambers also said Owens Corning has identified another $75 million of structural cost improvements across operations.
For the third quarter, Owens Corning expects doors revenue to decline by a mid-single-digit percentage, again largely reflecting divestitures, and anticipates an EBITDA margin of about 10%. The company expects cost optimization and expanded commercial activity to support longer-term margin improvement, although material and transportation inflation are expected to keep price-cost dynamics negative in the quarter.
At the enterprise level, Owens Corning expects third-quarter revenue of $2.6 billion to $2.7 billion, slightly below the prior-year period, and an adjusted EBITDA margin of approximately 20% to 22%.
About Owens Corning (NYSE:OC)Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company's core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Owens Corning Right Now?Before you consider Owens Corning, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Owens Corning wasn't on the list.
While Owens Corning currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Cetera Investment Advisers increased its stake in shares of Owens Corning Inc (NYSE:OC – Free Report) by 32.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,589 shares of the construction company’s stock after acquiring an additional 5,788 shares during the quarter. Cetera Investment Advisers’ holdings in Owens Corning were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of OC. Geneos Wealth Management Inc. raised its position in shares of Owens Corning by 61.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 482 shares of the construction company’s stock worth $69,000 after purchasing an additional 184 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Owens Corning during the second quarter valued at $277,000. EverSource Wealth Advisors LLC boosted its position in shares of Owens Corning by 1,433.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,273 shares of the construction company’s stock valued at $175,000 after buying an additional 1,190 shares during the last quarter. Cerity Partners LLC increased its holdings in Owens Corning by 294.3% in the 2nd quarter. Cerity Partners LLC now owns 17,372 shares of the construction company’s stock worth $2,389,000 after buying an additional 12,966 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in Owens Corning by 12.2% in the second quarter. Bank of Nova Scotia now owns 3,059 shares of the construction company’s stock worth $421,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 88.40% of the company’s stock.
Insider Activity In other Owens Corning news, insider Rachel Barthelemy Marcon sold 700 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $120.71, for a total transaction of $84,497.00. Following the sale, the insider directly owned 15,848 shares in the company, valued at approximately $1,913,012.08. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.92% of the company’s stock.
Owens Corning Stock Up 4.4% Owens Corning stock opened at $157.22 on Friday. Owens Corning Inc has a fifty-two week low of $97.53 and a fifty-two week high of $159.91. The company has a market capitalization of $12.43 billion, a PE ratio of -19.51, a price-to-earnings-growth ratio of 2.89 and a beta of 1.32. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.74 and a current ratio of 1.16. The firm has a 50 day moving average price of $136.74 and a 200 day moving average price of $125.16.
Owens Corning (NYSE:OC – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.84. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $4.21 EPS. Research analysts expect that Owens Corning Inc will post 9.65 earnings per share for the current year.
Owens Corning Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, July 20th were given a $0.79 dividend. The ex-dividend date was Monday, July 20th. This represents a $3.16 dividend on an annualized basis and a yield of 2.0%. Owens Corning’s dividend payout ratio (DPR) is presently -47.81%.
Analyst Ratings Changes Several equities analysts have weighed in on OC shares. JPMorgan Chase & Co. lifted their price target on shares of Owens Corning from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Friday, May 8th. The Goldman Sachs Group increased their price target on Owens Corning from $141.00 to $159.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Zacks Research raised shares of Owens Corning from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Evercore reaffirmed an “outperform” rating and issued a $193.00 price objective on shares of Owens Corning in a research note on Thursday, July 23rd. Finally, Citigroup lifted their price objective on shares of Owens Corning from $149.00 to $177.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.25.
Read Our Latest Stock Report on Owens Corning
About Owens Corning (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
Featured Stories Five stocks we like better than Owens Corning Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.
Owens Corning (OC - Free Report) came out with quarterly earnings of $3.93 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $4.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +28.43%. A quarter ago, it was expected that this construction materials company would post earnings of $1.01 per share when it actually produced earnings of $1.22, delivering a surprise of +20.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Owens Corning, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $2.76 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.16%. This compares to year-ago revenues of $2.75 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Owens Corning shares have added about 30% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Owens Corning?While Owens Corning has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Owens Corning was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.46 on $2.7 billion in revenues for the coming quarter and $9.55 on $9.93 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Tecnoglass (TGLS - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This architectural glass maker is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of -49.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Tecnoglass' revenues are expected to be $265.74 million, up 4% from the year-ago quarter.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a branded building products leader, today reported second-quarter 2026 results.
Reported Net Sales from Continuing Operations of $2.8 Billion, In Line with Prior Year Generated Net Earnings Margin from Continuing Operations of 11% and Adjusted EBITDA Margin from Continuing Operations of 24% Delivered Diluted EPS from Continuing Operations of $3.84 and Adjusted Diluted EPS from Continuing Operations of $3.93 Produced Operating Cash Flow of $398 Million and Free Cash Flow of $199 Million Returned $264 Million to Shareholders through Dividends and Share Repurchases “These outstanding second-quarter results demonstrate the strength of our reshaped company. Our performance is a direct result of our strategic pivot to build a large-scale, residential-focused building products company with unique and unifying competitive advantages across market-leading businesses,” said Chair and Chief Executive Officer Brian Chambers. “Through our strategic choices, disciplined execution, and continued investment, we have created multiple paths to deliver revenue, earnings, and cash flow growth. As we look ahead, we remain focused on executing our growth agenda and creating long-term value for our customers and shareholders.”
Enterprise Performance from Continuing Operations
($ in millions, except per share amounts)
Second-Quarter
Six Months
2026
2025
Change
2026
2025
Change
Net Sales
$2,756
$2,747
$9
—%
$5,021
$5,277
$(256)
(5)%
Net Earnings Attributable to OC
310
334
(24)
(7)%
348
589
(241)
(41)%
As a Percent of Net Sales
11%
12%
N/A
N/A
7%
11%
N/A
N/A
Adjusted EBITDA
660
703
(43)
(6)%
1,029
1,268
(239)
(19)%
As a Percent of Net Sales
24%
26%
N/A
N/A
20%
24%
N/A
N/A
Diluted EPS
3.84
3.91
(0.07)
(2)%
4.31
6.86
(2.55)
(37)%
Adjusted Diluted EPS
3.93
4.21
(0.28)
(7)%
5.15
7.17
(2.02)
(28)%
Operating Cash Flow1
398
327
71
22%
244
278
(34)
(12)%
Free Cash Flow1
199
129
70
54%
(188)
(123)
(65)
(53)%
1 Reflects full company performance inclusive of discontinued operations.
Enterprise Strategy Updates
In the second quarter, Owens Corning maintained a high level of safety performance with a recordable incident rate (RIR) of 0.75. Owens Corning completed the sale of its glass reinforcements business on April 30, 2026, advancing the company’s strategy to operate as a residential-focused building products leader in North America and Europe and enhancing its capital efficiency. The sale positions the company to deliver higher, more resilient margins and cash flows in support of its growth and capital allocation strategy. On July 29, Owens Corning announced the appointment of Jonathan Collins as Executive Vice President and Chief Financial Officer, effective August 10, 2026. Collins is a seasoned finance executive with strong operational expertise and a proven background in scaling rapidly evolving businesses. He succeeds Todd Fister who will assume the role of President and Chief Operating Officer and will lead the execution of key enterprise initiatives to drive growth and performance, leveraging the company’s unique OC Advantages™ to further integrate its go-to-market strategy and simplify and standardize work across the enterprise. By applying Owens Corning's proven commercial and operational playbook to unlock value for the Doors business, the company has achieved $135 million of enterprise run-rate cost synergies — exceeding its commitment to deliver $125 million by mid-2026. The company is also on track to deliver an additional $75 million of structural cost improvements through network optimization and operational efficiencies. Cash Returned to Shareholders
Owens Corning remains committed to returning $2 billion of cash to shareholders over 2025 and 2026 through dividends and share repurchases. In the second quarter, the company returned $264 million to shareholders. The company repurchased 1.7 million shares of common stock for $200 million and paid a quarterly cash dividend of $64 million. At the end of the quarter, 10.8 million shares were available for repurchase under the current authorizations. “Our second-quarter performance was driven by the disciplined commercial work of our teams and the execution of company-specific initiatives to grow our revenue and improve productivity. We continue to demonstrate our ability to perform across cycles while positioning Owens Corning for even greater success as market conditions improve,” said Executive Vice President and Chief Financial and Operating Officer Todd Fister. “In the second half of the year, we are committed to maintaining our healthy balance sheet, investing in capital projects to grow our future earnings power, and returning significant cash to shareholders. We are also excited to welcome Jonathan Collins to Owens Corning to partner with our executive team to accelerate organic growth and performance."
Other Notable Highlights
Owens Corning was named to the Fortune 500 for the 72nd consecutive year. This annual list ranks the largest U.S. companies based on revenue. Owens Corning has appeared on the list every year since its inception. In May, Owens Corning published its 2025 Sustainability Report, Built to Sustain, which outlined the company’s ongoing commitment to sustainability and innovation in support of its business objectives and meeting customer needs. This marks the 20th annual sustainability report from Owens Corning. Second-Quarter Business Performance from Continuing Operations
Owens Corning reported resilient earnings in the current demand environment, with an enterprise adjusted EBITDA margin of 24%. Second-quarter results were supported by demand for the company’s high-performing branded building products, reflecting the strength of its market-leading positions and differentiated commercial capabilities. Segment Results ($ in millions)
Net Sales
EBITDA
EBITDA Margin
Q2 2026
Q2 2025
Q2 2026
Q2 2025
Q2 2026
Q2 2025
Roofing
$1,313
$1,303
$441
$457
34%
35%
Insulation
971
934
213
225
22%
24%
Doors
513
554
57
75
11%
14%
Third-Quarter Outlook
The key economic factors that impact the company’s business are residential repair activity, residential remodeling activity, U.S. housing starts, and commercial construction activity. Owens Corning expects discretionary remodeling activity and residential new construction to remain under some pressure. In roofing, the company expects seasonal storm demand to be in line with historical averages, while heavier second-quarter inventory stocking is expected to impact third-quarter distributor purchases. Non-residential construction activity in North America is expected to remain stable, and conditions in the company's core European markets are anticipated to gradually improve. Owens Corning anticipates inflationary impact from the Iran conflict to result in incremental costs of approximately $40 million in the third quarter. For the third-quarter 2026, Owens Corning expects to continue delivering strong financial performance based on structural improvements made to the company and its market-leading positions. Revenue is expected to be approximately $2.6 billion to $2.7 billion, slightly below the prior year. The company expects to generate enterprise adjusted EBITDA margin of approximately 20% to 22%. Current 2026 Financial Outlook
General Corporate EBITDA Expenses
$245 million to $255 million
Interest Expense
$255 million to $265 million
Effective Tax Rate on Adjusted Earnings
24% to 26%*
Capital Additions
Approximately $800 million
Depreciation and Amortization
Approximately $680 million
* Cash taxes are anticipated to be lower.
Second-Quarter 2026 Conference Call and Presentation
Wednesday, August 5, 2026
9 a.m. Eastern Time
All Callers
Live dial-in telephone number: U.S. and Canada 1.833.461.5787; and other international locations +1.585.542.9983 Meeting code: 845257538 (Please dial in 10-15 minutes before conference call start time) Live webcast: https://events.q4inc.com/attendee/845257538 Webcast replay will be available for one year using the above link. About Owens Corning
Owens Corning is a branded building products leader with three complementary market‑leading businesses providing roofing, insulation, and doors primarily for residential markets in North America and Europe. The company operates with an integrated go‑to‑market strategy and a unique set of OC Advantages™ – including its iconic brand, unparalleled commercial strength, leading technology, and winning cost position – to help customers win and grow in the market. Owens Corning is committed to helping build better and achieve more through winning partnerships, leading performance, and engaging people. Founded in 1938 and headquartered in Toledo, Ohio, Owens Corning is listed on the New York Stock Exchange (NYSE: OC). For more information, visit www.owenscorning.com.
Use of Non-GAAP Measures
Owens Corning uses non-GAAP measures in its earnings press release that are intended to supplement investors' understanding of the company's financial information. These non-GAAP measures include EBITDA from continuing operations, adjusted EBITDA from continuing operations, adjusted earnings from continuing operations, adjusted diluted earnings per share attributable to Owens Corning common stockholders ("adjusted EPS") from continuing operations and free cash flow. When used to report historical financial information, reconciliations of these non-GAAP measures to the corresponding GAAP measures are included in the financial tables of this press release. Specifically, see Table 2 for adjusted EBITDA from continuing operations, Table 3 for adjusted earnings from continuing operations and adjusted EPS from continuing operations, and Table 8 for free cash flow.
For purposes of internal review of Owens Corning's year-over-year operational performance, management excludes from net earnings attributable to Owens Corning certain items it believes are not representative of ongoing operations. The non-GAAP financial measures resulting from these adjustments (including adjusted EBITDA from continuing operations, adjusted earnings from continuing operations and adjusted EPS from continuing operations) are used internally by Owens Corning for various purposes, including reporting results of operations to the Board of Directors, analysis of performance, and related employee compensation measures. Management believes that these adjustments result in a measure that provides a useful representation of its operational performance; however, the adjusted measures should not be considered in isolation or as a substitute for net earnings attributable to Owens Corning as prepared in accordance with GAAP.
Free cash flow is a non-GAAP liquidity measure used by investors, financial analysts and management to help evaluate the company's ability to generate cash to pursue opportunities that enhance shareholder value. The company defines free cash flow as net cash flow provided by operating activities, less cash paid for property, plant and equipment. Free cash flow is not a measure of residual cash flow available for discretionary expenditures due to the company's mandatory debt service requirements. Free cash flow is used internally by the company for various purposes, including reporting results of operations to the Board of Directors of the company and analysis of performance.
Management believes that these measures provide a useful representation of our operational performance and liquidity; however, the measures should not be considered in isolation or as a substitute for net cash flow provided by operating activities or net earnings attributable to Owens Corning as prepared in accordance with GAAP.
When the company provides forward-looking expectations for non-GAAP measures, the most comparable GAAP measures and a reconciliation between the non-GAAP expectations and the corresponding GAAP measures are generally not available without unreasonable effort due to the variability, complexity and limited visibility of the adjusting items that would be excluded from the non-GAAP measures in future periods. The variability in timing and amount of adjusting items could have significant and unpredictable effect on our future GAAP results.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to risks, uncertainties and other factors and actual results may differ materially from those results projected in the statements. These risks, uncertainties and other factors include, without limitation: levels of residential and non-residential construction activity; demand for our products; industry and economic conditions including, but not limited to, supply chain disruptions, recessionary conditions, inflationary pressures, and interest rate and financial markets volatility; additional changes to tariff, trade or investment policies or laws by the United States, or similar actions, including reciprocal actions, by foreign governments; availability and cost of energy and raw materials; competitive and pricing factors; relationships with key customers and customer concentration in certain areas; our ability to achieve expected synergies, cost reductions and/or productivity improvements; issues related to acquisitions, divestitures and joint ventures or expansions; climate change, weather conditions and storm activity; legislation and related regulations or interpretations in the United States or elsewhere; domestic and international economic and political conditions, policies or other governmental actions, as well as war and civil disturbance; uninsured losses or major manufacturing disruptions, including those from natural disasters, catastrophes, pandemics, theft or sabotage; environmental, product-related or other legal and regulatory liabilities, proceedings or actions; research and development activities and intellectual property protection; issues involving implementation and protection of information technology systems; foreign exchange and commodity price fluctuations; our level of indebtedness; our liquidity and the availability and cost of credit; the level of fixed costs required to run our business; levels of goodwill or other indefinite-lived intangible assets; loss of key employees and labor disputes or shortages; defined benefit plan funding obligations; and factors detailed from time to time in the company’s filings with the U.S. Securities and Exchange Commission. This information speaks as of August 5, 2026, and is subject to change. The company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by federal securities laws. Any distribution of this news release after that date is not intended and should not be construed as updating or confirming such information.
Owens Corning Company News / Owens Corning Investor Relations News
Table 1
Owens Corning and Subsidiaries
Consolidated Statements of Earnings
(unaudited)
(in millions, except per share amounts)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
NET SALES
$
2,756
$
2,747
$
5,021
$
5,277
COST OF SALES
1,963
1,889
3,718
3,694
Gross margin
793
858
1,303
1,583
OPERATING EXPENSES
Marketing and administrative expenses
252
263
510
524
Science and technology expenses
35
37
72
72
Loss on sale of business
—
24
—
26
Other expense, net
24
29
119
49
Total operating expenses
311
353
701
671
OPERATING INCOME
482
505
602
912
Non-operating income
—
—
—
—
EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES
482
505
602
912
Interest expense, net
69
63
135
127
EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES
413
442
467
785
Income tax expense
102
110
117
198
Equity in net earnings of affiliates
—
1
—
1
NET EARNINGS FROM CONTINUING OPERATIONS
311
333
350
588
Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax
(84
)
29
(227
)
(319
)
NET EARNINGS
$
227
$
362
$
123
$
269
NET EARNINGS FROM CONTINUING OPERATIONS
$
311
$
333
$
350
$
588
Net earnings (loss) attributable to noncontrolling interests
1
(1
)
2
(1
)
NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING
310
334
348
589
Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax
(84
)
29
(227
)
(319
)
NET EARNINGS ATTRIBUTABLE TO OWENS CORNING
$
226
$
363
$
121
$
270
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS
Basic - continuing operations
$
3.86
$
3.93
$
4.32
$
6.90
Basic - discontinued operations
$
(1.05
)
$
0.34
$
(2.82
)
$
(3.74
)
Basic
$
2.81
$
4.27
$
1.50
$
3.16
Diluted - continuing operations
$
3.84
$
3.91
$
4.31
$
6.86
Diluted - discontinued operations
$
(1.04
)
$
0.34
$
(2.81
)
$
(3.71
)
Diluted
$
2.80
$
4.25
$
1.50
$
3.15
Table 2
Owens Corning and Subsidiaries
EBITDA Reconciliation Schedules
(unaudited)
Adjusting (expense) income items to EBITDA are shown in the table below:
(a) This gain relates to the sale of a site that was part of a previous restructuring action in the Roofing segment.
The reconciliation from Net earnings from continuing operations attributable to Owens Corning to Adjusted EBITDA from continuing operations is shown in the table below:
Three Months Ended June 30,
Six Months Ended June 30,
(In millions)
2026
2025
2026
2025
NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING
$
310
$
334
$
348
$
589
Net earnings (loss) attributable to noncontrolling interests
1
(1
)
2
(1
)
NET EARNINGS FROM CONTINUING OPERATIONS
311
333
350
588
Equity in net earnings of affiliates
—
1
—
1
Income tax expense
102
110
117
198
EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES
413
442
467
785
Interest expense, net
69
63
135
127
EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES
482
505
602
912
Less: Adjusting items from above
(3
)
(26
)
(78
)
(25
)
Depreciation & Amortization
175
172
349
331
ADJUSTED EBITDA FROM CONTINUING OPERATIONS
$
660
$
703
$
1,029
$
1,268
Net sales
$
2,756
$
2,747
$
5,021
$
5,277
ADJUSTED EBITDA as a % of Net sales
24
%
26
%
20
%
24
%
Table 3
Owens Corning and Subsidiaries
EPS Reconciliation Schedules
(unaudited)
(in millions, except per share data)
A reconciliation from Net earnings from continuing operations attributable to Owens Corning to adjusted earnings from continuing operations and a reconciliation from diluted earnings from continuing operations per share to adjusted diluted earnings from continuing operations per share are shown in the tables below:
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
2026
2025
RECONCILIATION TO ADJUSTED EARNINGS FROM CONTINUING OPERATIONS
NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING
$
310
$
334
$
348
$
589
Adjustment to remove adjusting items and other adjustments (a)
3
26
78
25
Adjustment to remove adjusting items for depreciation and amortization (b)
7
9
12
9
Adjustment to remove tax (benefit)/expense on adjusting items and other adjustments (c)
(5
)
(8
)
(23
)
(8
)
Adjustment to tax expense/(benefit) to reflect pro forma tax rate (d)
2
(1
)
1
1
ADJUSTED EARNINGS FROM CONTINUING OPERATIONS
$
317
$
360
$
416
$
616
RECONCILIATION TO ADJUSTED DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS FROM CONTINUING OPERATIONS
DILUTED EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS
$
3.84
$
3.91
$
4.31
$
6.86
Adjustment to remove adjusting items and other adjustments (a)
0.04
0.30
0.96
0.29
Adjustment to remove adjusting items for depreciation and amortization (b)
0.09
0.11
0.15
0.10
Adjustment to remove tax (benefit)/expense on adjusting items and other adjustments (c)
(0.06
)
(0.09
)
(0.28
)
(0.09
)
Adjustment to tax expense/(benefit) to reflect pro forma tax rate (d)
0.02
(0.02
)
0.01
0.01
ADJUSTED DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS FROM CONTINUING OPERATIONS
$
3.93
$
4.21
$
5.15
$
7.17
RECONCILIATION TO DILUTED SHARES OUTSTANDING
Weighted average shares outstanding used for basic earnings per share
80.3
85.0
80.5
85.4
Unvested restricted shares and performance shares
0.3
0.5
0.3
0.5
Diluted shares outstanding
80.6
85.5
80.8
85.9
Table 4
Owens Corning and Subsidiaries
Consolidated Balance Sheets
(unaudited)
(in millions, except per share data)
June 30,
December 31,
ASSETS
2026
2025
CURRENT ASSETS
Cash and cash equivalents
$
271
$
345
Receivables, less allowance of $4 at June 30, 2026 and $4 at December 31, 2025
1,508
937
Inventories
1,455
1,472
Other current assets
208
165
Current assets of discontinued operations
—
426
Total current assets
3,442
3,345
Property, plant and equipment, net
4,153
4,170
Operating lease right-of-use assets
507
507
Goodwill
1,658
1,679
Intangible assets, net
2,460
2,535
Deferred income taxes
15
10
Other non-current assets
496
480
Non-current assets of discontinued operations
—
254
TOTAL ASSETS
$
12,731
$
12,980
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable
$
1,350
$
1,257
Current operating lease liabilities
85
83
Short-term debt
65
50
Long-term debt - current portion
937
435
Other current liabilities
531
613
Current liabilities of discontinued operations
—
222
Total current liabilities
2,968
2,660
Long-term debt, net of current portion
4,188
4,687
Pension plan liability
36
38
Other employee benefits liability
93
96
Non-current operating lease liabilities
454
450
Deferred income taxes
857
737
Other liabilities
324
323
Non-current liabilities of discontinued operations
—
96
Total liabilities
8,920
9,087
OWENS CORNING STOCKHOLDERS’ EQUITY
Preferred stock, par value $0.01 per share (a)
—
—
Common stock, par value $0.01 per share (b)
1
1
Additional paid-in capital
4,253
4,256
Accumulated earnings
4,456
4,463
Accumulated other comprehensive deficit
(340
)
(437
)
Cost of common stock in treasury (c)
(4,598
)
(4,430
)
Total Owens Corning stockholders’ equity
3,772
3,853
Noncontrolling interests
39
40
Total equity
3,811
3,893
TOTAL LIABILITIES AND EQUITY
$
12,731
$
12,980
(a) 10 shares authorized; none issued or outstanding at June 30, 2026 and December 31, 2025
(b) 400 shares authorized; 135.5 issued and 79.0 outstanding at June 30, 2026; 135.5 issued and 80.2 outstanding at December 31, 2025
(c) 56.5 shares at June 30, 2026 and 55.3 shares at December 31, 2025
Table 5
Owens Corning and Subsidiaries
Consolidated Statements of Cash Flows
(unaudited)
(in millions)
Six Months Ended June 30,
2026
2025
NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES
Net earnings
$
123
$
269
Adjustments to reconcile net earnings to cash provided by operating activities:
Loss on discontinued operations
175
381
Depreciation and amortization
349
331
Loss on sale of business
—
26
Deferred income taxes
93
4
Stock-based compensation expense
35
39
Gains on sale of certain precious metals
(22
)
(21
)
Other adjustments to reconcile net earnings to cash from operating activities
(7
)
(21
)
Change in operating assets and liabilities
(489
)
(707
)
Pension fund contribution
(3
)
(3
)
Payments for other employee benefits liabilities
(6
)
(5
)
Other
(4
)
(15
)
Net cash flow provided by operating activities
244
278
NET CASH FLOW PROVIDED BY (USED FOR) INVESTING ACTIVITIES
Cash paid for property, plant and equipment
(432
)
(401
)
Proceeds from sale of assets or affiliates
69
62
Proceeds from sale of Glass Reinforcements business, net of cash divested
370
—
Other
—
(8
)
Net cash flow provided by (used for) investing activities
7
(347
)
NET CASH FLOW USED FOR FINANCING ACTIVITIES
Proceeds from senior revolving credit and receivables securitization facilities
—
329
Payments on senior revolving credit and receivables securitization facilities
—
(329
)
Net proceeds from commercial paper
15
420
Payments on long-term debt
—
(29
)
Dividends paid
(127
)
(118
)
Purchases of treasury stock
(230
)
(363
)
Finance lease payments
(24
)
(22
)
Net cash flow used for financing activities
(366
)
(112
)
Effect of exchange rate changes on cash
(13
)
85
Net decrease in cash, cash equivalents and restricted cash
(128
)
(96
)
Cash, cash equivalents and restricted cash, beginning of period
407
369
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD
$
279
$
273
Table 6
Owens Corning and Subsidiaries
Segment Information
(unaudited)
Roofing
The table below provides a summary of net sales and EBITDA for the Roofing segment:
Three Months Ended June 30,
Six Months Ended June 30,
(In millions)
2026
2025
2026
2025
Net sales
$
1,313
$
1,303
$
2,273
$
2,423
% change from prior year
1
%
4
%
-6
%
3
%
EBITDA
$
441
$
457
$
672
$
789
EBITDA as a % of net sales
34
%
35
%
30
%
33
%
Insulation
The table below provides a summary of net sales and EBITDA for the Insulation segment:
Three Months Ended June 30,
Six Months Ended June 30,
(In millions)
2026
2025
2026
2025
Net sales
$
971
$
934
$
1,838
$
1,843
% change from prior year
4
%
-4
%
—
%
-5
%
EBITDA
$
213
$
225
$
380
$
450
EBITDA as a % of net sales
22
%
24
%
21
%
24
%
Doors
The table below provides a summary of net sales and EBITDA for the Doors segment:
Three Months Ended June 30,
Six Months Ended June 30,
(In millions)
2026
2025
2026
2025
Net sales
$
513
$
554
$
988
$
1,094
% change from prior year
-7
%
N/A
-10
%
N/A
EBITDA
$
57
$
75
$
91
$
143
EBITDA as a % of net sales
11
%
14
%
9
%
13
%
Table 7
Owens Corning and Subsidiaries
Corporate, Other and Eliminations
(unaudited)
Corporate, Other and Eliminations
The table below provides a summary of EBITDA for the Corporate, Other and Eliminations category:
Griffon (NYSE:GFF – Get Free Report) and Owens Corning (NYSE:OC – Get Free Report) are both industrials companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, risk and dividends.
Dividends Griffon pays an annual dividend of $0.88 per share and has a dividend yield of 1.0%. Owens Corning pays an annual dividend of $3.16 per share and has a dividend yield of 2.2%. Griffon pays out 676.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Owens Corning pays out -47.8% of its earnings in the form of a dividend. Griffon has raised its dividend for 1 consecutive years and Owens Corning has raised its dividend for 10 consecutive years. Owens Corning is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Profitability This table compares Griffon and Owens Corning’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Griffon 0.31% 298.42% 12.31% Owens Corning -5.43% 19.86% 6.32% Analyst Ratings This is a breakdown of recent ratings and recommmendations for Griffon and Owens Corning, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Griffon 0 2 1 1 2.75 Owens Corning 1 6 9 1 2.59 Griffon presently has a consensus price target of $115.00, indicating a potential upside of 28.94%. Owens Corning has a consensus price target of $157.92, indicating a potential upside of 10.32%. Given Griffon’s stronger consensus rating and higher probable upside, equities analysts clearly believe Griffon is more favorable than Owens Corning.
Earnings & Valuation This table compares Griffon and Owens Corning”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Griffon $2.52 billion 1.62 $51.11 million $0.13 686.08 Owens Corning $10.10 billion 1.14 -$522.00 million ($6.61) -21.66 Griffon has higher earnings, but lower revenue than Owens Corning. Owens Corning is trading at a lower price-to-earnings ratio than Griffon, indicating that it is currently the more affordable of the two stocks.
Insider and Institutional Ownership 73.2% of Griffon shares are held by institutional investors. Comparatively, 88.4% of Owens Corning shares are held by institutional investors. 10.2% of Griffon shares are held by insiders. Comparatively, 0.9% of Owens Corning shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Risk and Volatility Griffon has a beta of 1.44, indicating that its stock price is 44% more volatile than the S&P 500. Comparatively, Owens Corning has a beta of 1.32, indicating that its stock price is 32% more volatile than the S&P 500.
Summary Griffon beats Owens Corning on 11 of the 17 factors compared between the two stocks.
About Griffon (Get Free Report)
Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications. The segment also sells related products, such as garage door openers. The Consumer and Professional Products segment manufactures and markets long-handled engineered tools, including spades, hoes, cultivators, weeders, post hole diggers, scrapers, edgers and forks; wheelbarrows and lawn carts; snow tools comprising pushers, roof rakes, sled sleigh shovels, scoops, and ice scrapers; and pruning products, such as pruners, loppers, shears, and other tools. The segment also offers striking tools, including axes, picks, mattocks, mauls, wood splitters, sledgehammers, pry bars, and repair handles; traditional and gardening hand tools comprising hammers, screwdrivers, pliers, adjustable wrenches, handsaws, tape measures, levels, clamps, trowels, cultivators, weeders, and other hand tools; indoor and outdoor planters and lawn accessories; and garden hoses and hose reels. In addition, the segment provides home organization products, including wire and wood shelving, containers, storage cabinets, and other closet and home organization accessories; residential, industrial, and commercial fans; and cleaning products, such as brooms, brushes, squeegees, and other cleaning products. The company was formerly known as Instrument Systems Corporation and changed its name to Griffon Corporation in June 1992. Griffon Corporation was founded in 1774 and is headquartered in New York, New York.
About Owens Corning (Get Free Report)
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. This segment sells its products through distributors, home centers, and lumberyards, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and composite lumber. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.
Receive News & Ratings for Griffon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Griffon and related companies with MarketBeat.com's FREE daily email newsletter.
In the latest close session, Owens Corning (OC - Free Report) was up +1.8% at $138.82. The stock's performance was ahead of the S&P 500's daily gain of 1.66%. At the same time, the Dow added 1.19%, and the tech-heavy Nasdaq gained 2.78%.
Heading into today, shares of the construction materials company had lost 9.44% over the past month, outpacing the Construction sector's loss of 12.19% and lagging the S&P 500's loss of 1.49%.
The investment community will be paying close attention to the earnings performance of Owens Corning in its upcoming release. The company is slated to reveal its earnings on August 5, 2026. The company's earnings per share (EPS) are projected to be $3.06, reflecting a 27.32% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.67 billion, down 2.75% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.55 per share and revenue of $9.93 billion, indicating changes of -20.75% and -1.68%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Owens Corning. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.21% higher. Currently, Owens Corning is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Owens Corning has a Forward P/E ratio of 14.29 right now. Its industry sports an average Forward P/E of 17.94, so one might conclude that Owens Corning is trading at a discount comparatively.
Investors should also note that OC has a PEG ratio of 2.65 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.37 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. With its current Zacks Industry Rank of 93, this industry ranks in the top 38% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Owens Corning (OC - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on August 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis construction materials company is expected to post quarterly earnings of $3.06 per share in its upcoming report, which represents a year-over-year change of -27.3%.
Revenues are expected to be $2.67 billion, down 2.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.29% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Owens Corning?For Owens Corning, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.66%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Owens Corning will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Owens Corning would post earnings of $1.01 per share when it actually produced earnings of $1.22, delivering a surprise of +20.79%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Owens Corning appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Building Products - Miscellaneous industry, Limbach (LMB - Free Report) , is soon expected to post earnings of $0.98 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +5.4%. This quarter's revenue is expected to be $178.46 million, up 25.5% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Limbach has been revised 0.2% up to the current level. Nevertheless, the company now has an Earnings ESP of +0.26%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Limbach will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a branded building products leader, today announced that Jonathan Collins has been named Executive Vice President and Chief Financial Officer, effective August 10. Collins is a seasoned finance executive with strong operational expertise and a proven background in scaling rapidly evolving businesses and driving growth. Collins succeeds Todd Fister, who assumes the role of President and Chief Operating Officer, following a planned transiti.
Owens Corning (OC - Free Report) closed the most recent trading day at $142.34, moving +2.44% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.05%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.64%.
Shares of the construction materials company have appreciated by 1.97% over the course of the past month, outperforming the Construction sector's loss of 4.31%, and the S&P 500's gain of 0.61%.
Market participants will be closely following the financial results of Owens Corning in its upcoming release. The company plans to announce its earnings on August 5, 2026. It is anticipated that the company will report an EPS of $3.06, marking a 27.32% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $2.67 billion, indicating a 2.75% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.55 per share and a revenue of $9.93 billion, representing changes of -20.75% and -1.68%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.21% increase. Right now, Owens Corning possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Owens Corning currently has a Forward P/E ratio of 14.56. This expresses a discount compared to the average Forward P/E of 18.23 of its industry.
We can additionally observe that OC currently boasts a PEG ratio of 2.7. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Miscellaneous was holding an average PEG ratio of 1.45 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 153, finds itself in the bottom 38% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Owens Corning (OC - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this construction materials company have returned +12.8%, compared to the Zacks S&P 500 composite's -0.6% change. During this period, the Zacks Building Products - Miscellaneous industry, which Owens Corning falls in, has lost 6%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Owens Corning is expected to post earnings of $3.06 per share, indicating a change of -27.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.3% over the last 30 days.
The consensus earnings estimate of $9.55 for the current fiscal year indicates a year-over-year change of -20.8%. This estimate has changed +0.2% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $11.77 indicates a change of +23.2% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Owens Corning.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Owens Corning, the consensus sales estimate for the current quarter of $2.67 billion indicates a year-over-year change of -2.8%. For the current and next fiscal years, $9.93 billion and $10.34 billion estimates indicate -1.7% and +4.1% changes, respectively.
Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.27 billion in the last reported quarter, representing a year-over-year change of -10.5%. EPS of $1.22 for the same period compares with $2.97 a year ago.
Compared to the Zacks Consensus Estimate of $2.16 billion, the reported revenues represent a surprise of +5.04%. The EPS surprise was +20.79%.
Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
In the latest close session, Owens Corning (OC - Free Report) was down 2.36% at $140.52. The stock trailed the S&P 500, which registered a daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.59%, while the tech-heavy Nasdaq depreciated by 0.05%.
Shares of the construction materials company witnessed a gain of 12.31% over the previous month, beating the performance of the Construction sector with its loss of 4.61%, and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of Owens Corning in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 5, 2026. The company is expected to report EPS of $3.06, down 27.32% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.67 billion, indicating a 2.75% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.55 per share and a revenue of $9.93 billion, representing changes of -20.75% and -1.68%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.21% higher within the past month. Owens Corning currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Owens Corning is holding a Forward P/E ratio of 15.08. This represents a discount compared to its industry average Forward P/E of 18.37.
Also, we should mention that OC has a PEG ratio of 2.79. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.53 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a building products leader, is scheduled to announce its second-quarter financial results on Wednesday, August 5, 2026, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/845257538 A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is sch.
In the latest trading session, Owens Corning (OC - Free Report) closed at $141.11, marking a -1.56% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.79% for the day. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 1.55%.
Shares of the construction materials company witnessed a gain of 18.04% over the previous month, beating the performance of the Construction sector with its gain of 2.79%, and the S&P 500's gain of 4.28%.
The upcoming earnings release of Owens Corning will be of great interest to investors. The company is forecasted to report an EPS of $3.02, showcasing a 28.27% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.67 billion, indicating a 2.75% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.53 per share and revenue of $9.93 billion, which would represent changes of -20.91% and -1.68%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Owens Corning holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Owens Corning is holding a Forward P/E ratio of 15.05. This expresses a discount compared to the average Forward P/E of 18.01 of its industry.
Meanwhile, OC's PEG ratio is currently 2.6. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Building Products - Miscellaneous industry held an average PEG ratio of 1.54.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 201, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Owens Corning (OC - Free Report) .
Owens Corning currently has an average brokerage recommendation (ABR) of 1.79, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.79 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 57.9% and 5.3% of all recommendations.
Brokerage Recommendation Trends for OC
Check price target & stock forecast for Owens Corning here>>>
While the ABR calls for buying Owens Corning, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is OC Worth Investing In?In terms of earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $9.53.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Owens Corning.
Owens Corning remains a 'buy' as shares trade at the cheaper end of peers despite industry headwinds and recent business transformation. OC's Q1 revenue and profitability declined sharply across all segments, mainly due to lower volumes and pricing in the residential housing market. Management completed strategic divestitures, including the glass reinforcements business, with proceeds allocated to organic growth, shareholder returns, and potential debt reduction.
Owens Corning (OC - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this construction materials company have returned +15.7% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Building Products - Miscellaneous industry, to which Owens Corning belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Owens Corning is expected to post earnings of $3.02 per share for the current quarter, representing a year-over-year change of -28.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.3%.
The consensus earnings estimate of $9.53 for the current fiscal year indicates a year-over-year change of -20.9%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $11.77 indicates a change of +23.6% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Owens Corning.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Owens Corning, the consensus sales estimate for the current quarter of $2.67 billion indicates a year-over-year change of -2.8%. For the current and next fiscal years, $9.93 billion and $10.34 billion estimates indicate -1.7% and +4.1% changes, respectively.
Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.27 billion in the last reported quarter, representing a year-over-year change of -10.5%. EPS of $1.22 for the same period compares with $2.97 a year ago.
Compared to the Zacks Consensus Estimate of $2.16 billion, the reported revenues represent a surprise of +5.04%. The EPS surprise was +20.79%.
Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
In the latest close session, Owens Corning (OC - Free Report) was down 2.83% at $146.79. This change lagged the S&P 500's 0.72% gain on the day. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.12%.
The construction materials company's shares have seen an increase of 26.73% over the last month, surpassing the Construction sector's gain of 0.11% and the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of Owens Corning in its upcoming release. In that report, analysts expect Owens Corning to post earnings of $3.02 per share. This would mark a year-over-year decline of 28.27%. Simultaneously, our latest consensus estimate expects the revenue to be $2.67 billion, showing a 2.75% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.53 per share and a revenue of $9.93 billion, signifying shifts of -20.91% and -1.68%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Owens Corning. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Owens Corning currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Owens Corning is presently being traded at a Forward P/E ratio of 15.86. This expresses a discount compared to the average Forward P/E of 18.63 of its industry.
We can additionally observe that OC currently boasts a PEG ratio of 2.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Building Products - Miscellaneous industry was having an average PEG ratio of 1.58.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 183, placing it within the bottom 26% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Owens Corning (OC +0.32%), a storied company though rarely an investor darling, was a popular stock on the exchange in the holiday-shortened trading week. That was traceable to a media report that stated the company had received a buyout offer. According to data compiled by S&P Global Market Intelligence, Owens Corning's equity zoomed almost 11% higher over the four-day stretch.
A big deal, if it's agreed Owens Corning, a construction supplies company perhaps best known for its pink residential insulation products, was the target of an unsolicited bid from industry peer Carlisle.
Image source: Getty Images.
That's the assertion of The Wall Street Journal, which published an article stating that Carlisle made a series of bids, at least one of which valued a deal at well over $10 billion. Citing unidentified "people familiar with the matter," the financial newspaper added that Owens Corning hasn't yet "engaged substantially" with its apparent suitor.
According to the article's sources, Carlisle was considering its next move in the effort. The WSJ said that its offers consisted of a mix of cash and stock.
Neither company has yet officially commented on the report.
Today's Change
(
0.32
%) $
0.48
Current Price
$
151.06
Potent combination On paper, it makes a great deal of sense to combine these two complementary businesses.
But if the article is accurate, Owens Corning could either be holding out for a higher price or shunning Carlisle entirely -- it recently retooled its business strategy, and management might be waiting for the change to take effect before evaluating the company's future. Given all that, I wouldn't trade into or out of Owens Corning on this speculation.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Carlisle Companies and Owens Corning. The Motley Fool has a disclosure policy.
In the latest trading session, Owens Corning (OC - Free Report) closed at $158.96, marking a +1.86% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.79%. Elsewhere, the Dow saw an upswing of 0.26%, while the tech-heavy Nasdaq appreciated by 1.52%.
Heading into today, shares of the construction materials company had gained 27.26% over the past month, outpacing the Construction sector's gain of 5.5% and the S&P 500's loss of 1.82%.
Analysts and investors alike will be keeping a close eye on the performance of Owens Corning in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.02, showcasing a 28.27% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.66 billion, indicating a 3.26% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.53 per share and a revenue of $9.83 billion, representing changes of -20.91% and -2.67%, respectively, from the prior year.
Any recent changes to analyst estimates for Owens Corning should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Owens Corning possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Owens Corning is at present trading with a Forward P/E ratio of 16.38. This signifies a discount in comparison to the average Forward P/E of 18.95 for its industry.
Also, we should mention that OC has a PEG ratio of 2.83. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.59 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 181, placing it within the bottom 26% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Considering buying OC stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about Owens Corning (OC - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Owens Corning currently has an average brokerage recommendation (ABR) of 1.89, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.89 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 10 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 52.6% and 5.3% of all recommendations.
Brokerage Recommendation Trends for OC
Check price target & stock forecast for Owens Corning here>>>
The ABR suggests buying Owens Corning, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Should You Invest in OC?In terms of earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $9.53.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Owens Corning.
In the latest close session, Owens Corning (OC - Free Report) was down 2.75% at $124.62. This change lagged the S&P 500's daily loss of 0.37%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.
The stock of construction materials company has risen by 9.13% in the past month, lagging the Construction sector's gain of 10.2% and overreaching the S&P 500's gain of 2.02%.
The upcoming earnings release of Owens Corning will be of great interest to investors. The company's earnings per share (EPS) are projected to be $3.02, reflecting a 28.27% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.66 billion, reflecting a 3.26% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.53 per share and revenue of $9.83 billion, which would represent changes of -20.91% and -2.67%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Owens Corning. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Owens Corning possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Owens Corning is at present trading with a Forward P/E ratio of 13.45. This indicates a discount in contrast to its industry's Forward P/E of 18.8.
We can additionally observe that OC currently boasts a PEG ratio of 2.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Building Products - Miscellaneous industry was having an average PEG ratio of 1.6.
The Building Products - Miscellaneous industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 200, positioning it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Owens Corning (OC - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this construction materials company have returned +3.4%, compared to the Zacks S&P 500 composite's -1.3% change. During this period, the Zacks Building Products - Miscellaneous industry, which Owens Corning falls in, has gained 9.3%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Owens Corning is expected to post earnings of $3.02 per share for the current quarter, representing a year-over-year change of -28.3%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $9.53 points to a change of -20.9% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $11.77 indicates a change of +23.6% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Owens Corning.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Owens Corning, the consensus sales estimate for the current quarter of $2.66 billion indicates a year-over-year change of -3.3%. For the current and next fiscal years, $9.83 billion and $10.31 billion estimates indicate -2.7% and +4.8% changes, respectively.
Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.27 billion in the last reported quarter, representing a year-over-year change of -10.5%. EPS of $1.22 for the same period compares with $2.97 a year ago.
Compared to the Zacks Consensus Estimate of $2.16 billion, the reported revenues represent a surprise of +5.04%. The EPS surprise was +20.79%.
Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.79 per common share. The dividend will be payable on August 6, 2026, to shareholders of record as of July 20, 2026.
Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company’s earnings, financial condition, cash requirements, future prospects, and other factors.
About Owens Corning
Owens Corning is a branded building products leader with three complementary market-leading businesses providing roofing, insulation, and doors primarily for residential markets in North America and Europe. The company operates with an integrated go-to-market strategy and a unique set of OC Advantages™ – including its iconic brand, unparalleled commercial strength, leading technology, and winning cost position – to help customers win and grow in the market. Owens Corning is committed to helping build better and achieve more through winning partnerships, leading performance, and engaging people. Founded in 1938 and headquartered in Toledo, Ohio, Owens Corning is listed on the New York Stock Exchange (NYSE: OC). For more information, visit www.owenscorning.com.
Owens Corning Company News / Owens Corning Investor Relations News
Owens Corning (OC - Free Report) closed the most recent trading day at $123.40, moving +1.61% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.
Coming into today, shares of the construction materials company had gained 6.45% in the past month. In that same time, the Construction sector gained 0.75%, while the S&P 500 gained 0.48%.
Analysts and investors alike will be keeping a close eye on the performance of Owens Corning in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $3.02, marking a 28.27% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.66 billion, down 3.26% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.53 per share and revenue of $9.83 billion. These totals would mark changes of -20.91% and -2.67%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Owens Corning presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Owens Corning is presently being traded at a Forward P/E ratio of 12.75. This signifies a discount in comparison to the average Forward P/E of 18 for its industry.
Investors should also note that OC has a PEG ratio of 2.2 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Miscellaneous was holding an average PEG ratio of 1.51 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 182, placing it within the bottom 26% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow OC in the coming trading sessions, be sure to utilize Zacks.com.
Owens Corning (OC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that it has completed the sale of its glass reinforcements business to Praana Group. The transaction strengthens Owens Corning as a focused building products leader in North America and Europe and enhances the company's capital efficiency. The terms of the transaction remain as announced on April 15, 2026, with an enterprise value of $645 million and increased upfront cash proceeds that accelerate cash realization. Owens Co.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a branded building products leader, today announced that Todd Fister has been promoted to Executive Vice President and Chief Financial and Operating Officer, effective today. This expanded role reflects Owens Corning's continued focus on operational discipline and integrated execution to accelerate organic growth, enhance margins, and strengthen market‑leading positions, in line with the company's most recent Investor Day. In this role, F.
Toronto, Ontario--(Newsfile Corp. - May 4, 2026) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an update on its investments for the period ending April 30, 2026. Table 1: Olive's Investment Portfolio Name Ticker Sector Category (Audited) Value (Unaudited) Value (Unaudited) Value Dec 31, 2025 (1) Mar 31, 2026 (1) Apr 30, 2026 (1) Omai Gold Mines Corp.(2) OMG.v Precious Metals Public Equity $3,504,200 $4,255,100 $5,806,960 Black Sheep Ventures Inc. Private Real Estate Private Equity & Conv.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a branded building products leader, today reported first-quarter 2026 results. Reported Net Sales from Continuing Operations of $2.3 Billion, a 10% Decrease from Prior Year Generated Net Earnings Margin from Continuing Operations of 2% and Adjusted EBITDA Margin from Continuing Operations of 16% Delivered Diluted EPS from Continuing Operations of $0.47 and Adjusted Diluted EPS from Continuing Operations of $1.22 Produced Operating Cash Ou.
Owens Corning (OC) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $2.97 per share a year ago.
Toronto, Ontario--(Newsfile Corp. - May 13, 2026) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to announce the release of its quarterly financial results for the period ended March 31, 2026. Highlights: As a result of strong investment performance Olive reported record Net Income of $1,172,226 or $0.01 per share for the period ended March 31, 2026.
Owens Corning NYSE: OC reported lower first-quarter revenue as weaker residential construction and repair-and-remodel demand continued to pressure volumes, but executives said the company's reshaped building products portfolio is producing more durable margins through the cycle.
Zacks.com users have recently been watching Owens Corning (OC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Owens Corning is rated Buy, trading at 6.3x EV/EBITDA with a $1B capital return commitment and robust margin durability. Q1 '26 results showed revenue down 10% and EBITDA down 35%, but margin resilience and a portfolio transformation to pure-play building products underpin earnings quality. Q2 guidance calls for a sharp margin rebound to 20–22% despite $60M in geopolitical cost headwinds, with Roofing segment offering substantial upside operating leverage.
