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Feb 20, 2019
Owens Corning (OC, $52.87) beat earnings and sales estimates, announces new dividend

Owens Corning (OC, $52.87) beat earnings and sales estimates, announces new dividend

Owens Corning Inc. beat fourth quarter earnings expectations, and also bumped up its dividend.

The insulation, roof and fiberglass composites producer raked in adjusted earnings $1.38 per share for the quarter ending in December, thereby edging past Wall Street consensus estimate of $1.21 per share. The earnings-per-share were also higher from the same period last year, by  +24.3%.  

The company’s group sales increased +6.2%% year-over-year to touch $1.7 billion in the quarter, and narrowly exceeded the consensus estimate of $1.6 billion.

Owens Corning raised its quarterly dividend to 22 cents per share. Last year, it paid $92 million to shareholders, according to the company.

CEO Mike Thaman emphasized that all three divisions of Owens Corning generated double-digit EBIT margins, and said that the company is now “a more resilient and diversified company”, and that it is more capable of creating “attractive returns for investors through the cycle."

Related Ticker: OC

Contributor

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.


Momentum Indicator for OC turns negative, indicating new downward trend

OC saw its Momentum Indicator move below the 0 level on August 19, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 91 similar instances where the indicator turned negative. In 69 of the 91 cases, the stock moved further down in the following days. The odds of a decline are at 76%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for OC turned negative on August 19, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 34 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 67%.

OC moved below its 50-day moving average on August 27, 2026 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for OC crossed bearishly below the 50-day moving average on September 01, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 67%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 60%.

The Aroon Indicator for OC entered a downward trend on September 11, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where OC's RSI Oscillator exited the oversold zone, 18 of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +3.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where OC advanced for three days, in 217 of 304 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.

OC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of 15 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.764) is normal, around the industry mean (4.769). P/E Ratio (15.021) is within average values for comparable stocks, (32.460). Projected Growth (PEG Ratio) (1.513) is also within normal values, averaging (1.316). OC has a moderately high Dividend Yield (0.023) as compared to the industry average of (0.015). P/S Ratio (1.092) is also within normal values, averaging (2.252).

The Tickeron PE Growth Rating for this company is 43 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating steady price growth. OC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 73 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. OC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.

The Tickeron SMR rating for this company is 94 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Johnson Controls International plc (NYSE:JCI), Owens Corning (NYSE:OC), Alpha Pro Tech Ltd (ASE:APT).

Industry description

The industry manufactures products used in the construction of residential and commercial buildings. The process involves using materials and other products, and processing them to create finished items such as doors, windows, light fittings, floor coverings, climate control products and other building components and home improvement products. Masco Corporation, Allegion PLC and Lennox International Inc. are major manufacturers of such products.

Market Cap

The average market capitalization across the Building Products Industry is 9.79B. The market cap for tickers in the group ranges from 14.02K to 97.36B. TT holds the highest valuation in this group at 97.36B. The lowest valued company is MTWD at 14.02K.

High and low price notable news

The average weekly price growth across all stocks in the Building Products Industry was -4%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was 11%. PPIH experienced the highest price growth at 9%, while ILAG experienced the biggest fall at -15%.

Volume

The average weekly volume growth across all stocks in the Building Products Industry was 10%. For the same stocks of the Industry, the average monthly volume growth was 18% and the average quarterly volume growth was -51%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 56
P/E Growth Rating: 54
Price Growth Rating: 61
SMR Rating: 68
Profit Risk Rating: 77
Seasonality Score: -28 (-100 ... +100)
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General Information

a global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems

Industry BuildingProducts

Profile
Details
Industry
Construction Materials
Address
One Owens Corning Parkway
Phone
+1 419 248-8000
Employees
25000
Web
https://www.owenscorning.com
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Owens Corning (OC, $52.87) beat earnings and sales estimates, announces new dividend