Latest news with #OwensCorning
Business Wire
6 days ago
- Business
- Business Wire
Owens Corning to Announce Second-Quarter Financial Results on August 6
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is scheduled to announce its second-quarter financial results on Wednesday, August 6, 2025, 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 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 scheduled to begin and use the entry code 016049. U.S.: 1.833.470.1428 Canada: 1.833.950.0062 Other international locations: +1.404.975.4839 Telephone replay Telephone replay will be available one hour after the end of the call through Wednesday, August 13, 2025. Please use conference replay entry code 402190. U.S.: 1.866.813.9403 Canada: 1.226.828.7578 Other international locations: +1.929.458.6194 About Owens Corning Owens Corning is a building products leader committed to building a sustainable future through material innovation. Our products provide durable, sustainable, energy-efficient solutions that leverage our unique capabilities and market-leading positions to help our customers win and grow. We are global in scope, human in scale with more than 25,000 employees in 31 countries dedicated to generating value for our customers and shareholders and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2024 sales of $11.0 billion. For more information, visit
Globe and Mail
6 days ago
- Business
- Globe and Mail
Owens Corning to Announce Second-Quarter Financial Results on August 6
Owens Corning (NYSE: OC) is scheduled to announce its second-quarter financial results on Wednesday, August 6, 2025, 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 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 scheduled to begin and use the entry code 016049. U.S.: 1.833.470.1428 Canada: 1.833.950.0062 Other international locations: +1.404.975.4839 Telephone replay Telephone replay will be available one hour after the end of the call through Wednesday, August 13, 2025. Please use conference replay entry code 402190. U.S.: 1.866.813.9403 Canada: 1.226.828.7578 Other international locations: +1.929.458.6194 About Owens Corning Owens Corning is a building products leader committed to building a sustainable future through material innovation. Our products provide durable, sustainable, energy-efficient solutions that leverage our unique capabilities and market-leading positions to help our customers win and grow. We are global in scope, human in scale with more than 25,000 employees in 31 countries dedicated to generating value for our customers and shareholders and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2024 sales of $11.0 billion. For more information, visit
Yahoo
15-07-2025
- Business
- Yahoo
Should You Consider Adding Owens Corning (OC) to Your Portfolio?
Oakmark Funds, advised by Harris Associates, released its 'Oakmark Equity and Income Fund' Q2 2025 investor letter. A copy of the letter can be downloaded here. The equity portfolio returned 4.67% in the second quarter compared to 10.94% for the S&P 500 Index. An underweight in technology stocks and an overweight in value and mid-cap stocks led to the underperformance of the fund. The fixed income portfolio returned 1.97% compared to 1.21% for the Bloomberg U.S. Aggregate Bond Index. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Oakmark Equity and Income Fund highlighted stocks such as Owens Corning (NYSE:OC). Owens Corning (NYSE:OC) is a residential and commercial building products manufacturer. The one-month return of Owens Corning (NYSE:OC) was 8.84%, and its shares lost 20.52% of their value over the last 52 weeks. On July 14, 2025, Owens Corning (NYSE:OC) stock closed at $144.33 per share, with a market capitalization of $12.275 billion. Oakmark Equity and Income Fund stated the following regarding Owens Corning (NYSE:OC) in its second quarter 2025 investor letter: "Owens Corning (NYSE:OC) is one of the world's largest building products companies, specializing in roofing, insulation, and doors. We like that Owens Corning has a dominant market position in roofing that has historically benefited from attractive pricing, scale advantages, the nondiscretionary nature of the product, and contractor loyalty. In our view, market participants underappreciate the quality of the roofing segment and are overly concerned with the insulation segment's exposure to new housing starts. Economic uncertainty and cyclical forces have weighed on sentiment for the industry, presenting the opportunity to invest in a quality business with a management team that is taking advantage of their underpriced stock through share buybacks." A crane carrying heavy building materials, representing the robust civil engineering products of the company. Owens Corning (NYSE:OC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held Owens Corning (NYSE:OC) at the end of the first quarter, which was 48 in the previous quarter. Owens Corning (NYSE:OC) reported revenue of $2.5 billion in the first quarter of 2025, marking an increase of 25% from Q1 2024. While we acknowledge the potential of OC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Owens Corning (NYSE:OC) and shared the list of most undervalued industrial stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Owens Corning (OC) Stock Slides as Market Rises: Facts to Know Before You Trade
Owens Corning (OC) closed the most recent trading day at $144.32, moving -2.12% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.14%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq appreciated by 0.27%. Shares of the construction materials company witnessed a gain of 9.63% over the previous month, beating the performance of the Construction sector with its gain of 5.37%, and the S&P 500's gain of 3.97%. 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 $3.8, marking a 18.1% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.7 billion, down 3.03% from the prior-year quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.24 per share and a revenue of $10.38 billion, signifying shifts of -16.78% and -5.46%, respectively, from the last year. Any recent changes to analyst estimates for Owens Corning should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Owens Corning currently has a Zacks Rank of #3 (Hold). Valuation is also important, so investors should note that Owens Corning has a Forward P/E ratio of 11.13 right now. Its industry sports an average Forward P/E of 18.7, so one might conclude that Owens Corning is trading at a discount comparatively. One should further note that OC currently holds a PEG ratio of 3.89. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.99 at the close of the market yesterday. The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 37% echelons 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 to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Owens Corning Inc (OC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
09-07-2025
- Business
- Yahoo
Owens Corning (OC) Gains As Market Dips: What You Should Know
Owens Corning (OC) ended the recent trading session at $144.70, demonstrating a +1.68% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.07% for the day. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, added 0.03%. Prior to today's trading, shares of the construction materials company had gained 3.79% outpaced the Construction sector's gain of 3.52% and lagged the S&P 500's gain of 3.94%. The upcoming earnings release of Owens Corning will be of great interest to investors. The company is expected to report EPS of $3.8, down 18.1% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $2.7 billion, showing a 3.03% drop compared to the year-ago quarter. OC's full-year Zacks Consensus Estimates are calling for earnings of $13.24 per share and revenue of $10.38 billion. These results would represent year-over-year changes of -16.78% and -5.46%, respectively. Investors should also note any recent changes to analyst estimates for Owens Corning. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 #4 (Sell). From a valuation perspective, Owens Corning is currently exchanging hands at a Forward P/E ratio of 10.74. This valuation marks a discount compared to its industry average Forward P/E of 17.97. It is also worth noting that OC currently has a PEG ratio of 3.76. 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. Building Products - Miscellaneous stocks are, on average, holding a PEG ratio of 1.92 based on yesterday's closing prices. The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 40% 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. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Owens Corning Inc (OC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
