Owens Corning Inc (NYSE:OC) Updates On Dividend Release Date


On 2016-06-17, Owens Corning Inc (NYSE:OC) confirmed the dividend disbursement of $0.18 a share to shareholders as on record 2016-07-18. The firm will release dividend on 2016-08-02 while ex-dividend date is reported to be 2016-07-14.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Owens Corning Inc (NYSE:OC) paid a total of $0.18 per share in dividends. This figure stood at $0.18 a share in the same period a year ago indicating a deviation of 6.25%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $56.444 on the stock. This figure is the average of recommendations offered by 9 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $63 and $42, respectively.

Taking the mathematical rating formula, the price for Owens Corning Inc (NYSE:OC) stands at 2.5. Earnings Review Owens Corning Inc (NYSE:OC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-19. For the period ending on 2016-09-30, experts are expecting EPS of $0.99.

Coming to the quarter ending on 2015-12-31, Owens Corning Inc (NYSE:OC) recorded EPS of $1.29. The reported numbers came lower than the analysts’ estimates of $0.85, demonstrating a miss of $0.44 as against reported figures.

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