In the latest trading session, Owens Corning (OC) closed at $159.98, marking a +0.23% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.3%. Shares of the construction materials company have appreciated by 1.29% over the course of the past month, underperforming the Construction sector's gain of 1.53% and the S&P 500's gain of 3.64%. Analysts and investors alike will be keeping a close ey ...

Owens Corning (OC) stock has lost 7.1% in the past three months against the Zacks Building Products - Miscellaneous industry's 9.5% growth. Despite witnessing healthy North American building and construction end-market demand, the company's volumes have declined of late. Apart from this, OC has been witnessing significant inflationary pressure and labor woes. Also, foreign currency translation remains a concern for this residential and commercial building products company. Owing to these headwinds, the comp ...

Olde West Chester, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Olde West Chester, Ohio - Cincinnati Affordable Contracting has just been officially recognized as an Owens Corning Preferred Contractor. This status is a testament to the company's dedication to delivering high-quality work, ensuring customer satisfaction, and using premium materials in all projects. Jason Doerman, Co-owner of Cincinnati Affordable Contracting, expressed his gratitude for the recognition. "Being named an Owens Corning Preferred Contracto ...

Wall Street analysts understand that their reputations and careers are on the line each time they issue a recommendation for—or against—a stock. Knowing this, investors would find the weight of the decisionmaking and stock rating all the more important now that the S&P 500 has survived one of the worst weeks of 2024. During volatile times, each analyst boost carries double weight. After the so-called "Carry Trade" between U.S. dollars and the Japanese yen started to unwind due to interest rate hikes in Japa ...

jetcityimage Investment thesis for Owens Corning Building materials giant Owens Corning (NYSE:OC) is on a roll. Its roofing, insulation, and composites businesses are going strong, and it has just acquired the door and door systems firm Masonite. It also has a dividend that has delivered a CAGR of 21.48% per year over the past five years. And the share price dipped 18.62% over the first five days of August, before regaining 2% over the following two trading days. I argue the stock is currently undervalued, ...

A quarterly earnings beat hasn't been enough to reverse the slide in Owens Corning NYSE: OC stock. In midmorning trading the day after the maker of builder and construction materials delivered its second quarter earnings the stock is down just over 10% for the week. Undoubtedly much of this is due to the sharp, market-wide sell-off to start the week. But is this a case of an oversold stock creating a buying opportunity or a red flag for an industry that is highly susceptible to recession pressures? Get Roya ...

Owens Corning (OC) reported mixed results for second-quarter 2024, wherein earnings surpassed the Zacks Consensus Estimate but net sales missed the same. On a year-over-year basis, both earnings and net sales increased on the back of strong commercial execution and manufacturing performance as well as the strategic choice to acquire Masonite. Owens Corning's shares gained 4.1% in the day trading session, but fell 5% in the after-hour trading session on Aug 6. Inside the Headlines The company reported adjust ...

Owens Corning (NYSE:OC) Q2 2024 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Amber Wohlfarth - Vice President, Investor Relations, Corporate Affairs Brian Chambers - Chair and CEO Todd Fister - Chief Financial Officer Conference Call Participants Michael Rehaut - JPMorgan John Lovallo - UBS Stephen Kim - Evercore ISI Kathryn Thompson - Thompson Research Group Elizabeth Ann Langan - Barclays Sam Reid - Wells Fargo Chris Kalata - RBC Susan Maklari - Goldman Sachs Garik Shmois - Loop ...

Owens Corning (OC) reported $2.79 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 8.8%. EPS of $4.64 for the same period compares to $4.22 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.87 billion, representing a surprise of -2.95%. The company delivered an EPS surprise of +6.18%, with the consensus EPS estimate being $4.37. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

SECOND-QUARTER 2024 RESULTS Brian Chambers | Chair & Chief Executive Officer Todd Fister | Chief Financial Officer August 6, 2024 | Q2 2024 FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES This presentation and the associated remarks contain forward-looking statements. We caution you against relying on these statements as they 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 fac ...