Owens Corning (OC, $52.87) beat earnings and...

Abhoy Sarkar

published in Blogs

Feb 20, 2019

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 Tickers: OC

Sergey Savastiouk

published in Blogs

Mar 07, 2021

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If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

John Jacques

published in Blogs

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Sergey Savastiouk

published in Blogs

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Edward Flores

published in Blogs

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published in Blogs

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Sergey Savastiouk

published in Blogs

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Abhoy Sarkar

published in Blogs

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Rick Pendergraft

published in Blogs

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Sergey Savastiouk

published in Blogs

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Abhoy Sarkar

published in Blogs

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US unemployment rate jumps to 14.7%, the highest in series history

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