Owens Corning Reports Second-Quarter 2016 Results
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Jefferies Reiterates Buy on Owens Corning (OC) Following 2Q - PT to $63
July 28, 2016 9:32 AM EDTJefferies reiterated a Buy rating on Owens Corning (NYSE: OC), and raised the price target to $63.00 (from $61.00), following the company's 2Q earnings report.
Analyst Philip Ng commented, "With OC delivering a very strong 2Q, estimates moving higher, and conservative guidance, we believe... More
Owens Corning (OC) Tops Q2 EPS by 43c
July 27, 2016 7:30 AM EDTOwens Corning (NYSE: OC) reported Q2 EPS of $1.29, $0.43 better than the analyst estimate of $0.86. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.47 billion.
Outlook
The company expects an environment consistent with consensus expectations for U.S. housing starts and moderate global growth.
In Composites, the company expects continued growth in the glass fiber market, driven by moderate... More
