Owens-Corning (NYSE:OC) Azioni

OWENS CORNING

Owens-Corning

Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with four reportable segments: Composites, Insulation, Doors, and Roofing. It generates maximum revenue from the Roofing segment. Its Roofing segment laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically attractive laminate products with modest capital investment. Geographically the company generates the majority of its revenue from the United States.

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Walt Disney, Uber e altre 3 azioni da tenere d&#39;occhio questo mercoledì

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UBS analyst John Lovallo maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Buy and lowers the price target from $235 to $218.

Price Target

Analyst Ratings

UBS Maintains Buy on Owens-Corning, Lowers Price Target to $218

RBC Capital analyst Mike Dahl maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Outperform and lowers the price target from $199 to $184.

RBC Capital Maintains Outperform on Owens-Corning, Lowers Price Target to $184

Loop Capital analyst Garik Shmois maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Buy and lowers the price target from $203 to $180.

Loop Capital Maintains Buy on Owens-Corning, Lowers Price Target to $180

Barclays analyst Matthew Bouley maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Overweight and lowers the price target from $179 to $167.

Barclays Maintains Overweight on Owens-Corning, Lowers Price Target to $167

Wells Fargo analyst Sam Reid maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Overweight and lowers the price target from $155 to $150.

Wells Fargo Maintains Overweight on Owens-Corning, Lowers Price Target to $150

WIIM

Owens Corning shares are trading lower. The company reported Q1 financial results.

Owens Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) shares are trading lower on Wednesday after the company reported its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45246803/owens-corning-delivers-strong-revenue-and-margin-performance-from-continuing-operations-in-the-fir" rel="noreferrer noopener">first-quarter 2025 results</a>.
The company reported a 25% year-over-year growth in first-quarter net sales to $2.53 billion, beating the consensus of $2.51 billion.
Owens Corning's planned sale of its glass reinforcements unit remains on track for 2025, reinforcing its focus on building products. The business is now classified as discontinued, with reportable segments reorganized into roofing, Insulation, and doors.
Sales by segments: Roofing $1.12 billion (+2% YoY), Insulation $909 million (-5% YoY), and Doors $540 million.
Adjusted EBITDA increased to $565 million from $515 million, with a 22.3% margin (vs. 25.5% prior-year quarter). Adjusted EPS was $2.97, down from $3.40 a year ago, but above the consensus of $2.87.
Operating cash used for the quarter totaled $49 million, down from $24 million in cash provided, and free cash flow stood at negative $252 million.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Owens Corning returned $159 million to shareholders via $59 million in dividends and $100 million in share buybacks, with 5.7 million shares still authorized for repurchase.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44697981/what-building-product-companies-are-better-positioned-during-tariff-turbulence-bofa-securities-weighs-in" target="_blank" rel="noreferrer noopener">What Building Product Companies Are Better Positioned During Tariff Turbulence? BofA Securities Weighs In</a>
"The structural changes we have made to the company, combined with the capabilities of our team and the strength of our commercial and operational execution, continue to generate significant value for our customers and shareholders," said CEO Brian Chambers.
Owens Corning CFO Todd Fister expects the company to &#8220;drive long-term growth&#8221; while sustaining its structurally improved EBITDA margins and return cash to shareholders.
Outlook: For the second quarter, the company expects revenue to grow by high single digits over last year's $2.5 billion (excluding discontinued glass reinforcements).
The company anticipates delivering an adjusted EBITDA margin in the low-to-mid 20% range, supported by structural improvements and strong market positions.
For 2025, Owens Corning currently expects general EBITDA corporate expenses of around $240 million-$260 million and capital additions of ~$800 million.
Price Action: Ownes Corning shares are trading lower by 3.95% at $137 premarket on the last check Wednesday.
Now Read:
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<li><a href="https://www.benzinga.com/25/05/45247043/us-stocks-likely-to-open-higher-ahead-of-feds-verdict-on-interest-rates-a-short-bout-of-stagflation-is-likely-says-expert">US Stocks Likely To Open Higher Ahead Of Fed&#8217;s Verdict On Interest Rates: &#8216;A Short Bout Of Stagflation Is Likely,&#8217; Says Expert</a></li>
</ul>

Guidance

Owens Corning Impresses With Q1 Earnings, But Margin Squeeze Affects Future Outlook

U.S. stock futures rose on Wednesday after two days of decline on Tuesday. Futures of major benchmark indices were higher in premarket.
The upmove comes after the U.S. and China <a href="https://www.benzinga.com/25/05/45242461/donald-trumps-trade-war-sparks-first-major-us-china-talks-scott-bessent-jamieson-greer-to-meet-chinese-delegation-in-geneva">agreed to hold high-level trade talks</a> in Switzerland this weekend, their first major meeting since President Donald Trump initiated the trade war, amid growing U.S. market concerns over tariff impacts. 
Investors will await the Federal Reserve&#8217;s decision on interest rates, which is slated to be announced by Fed Chair Jerome Powell today afternoon.
Meanwhile, the 10-year Treasury bond yielded 4.32% and the two-year bond was at 3.80%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 95.6% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting. 
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<td>Futures</td>
<td>Change (+/-)</td>
</tr>
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<td>Dow Jones</td>
<td>-0.50%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.50%</td>
</tr>
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<td>Nasdaq 100</td>
<td>-0.51%</td>
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<td>Russell 2000</td>
<td>-0.91%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Wednesday. The SPY was down 0.63% to $562.30, while the QQQ declined 0.65% to $484.55, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Only utilities and energy sectors advanced on Tuesday, while health care, industrials, and consumer discretionary sectors led the declines.
Fueled by businesses and consumers rushing to import goods before President Trump&#8217;s sweeping tariffs took effect, the U.S. trade deficit ballooned to a record $140.5 billion in March, according to the data released on Tuesday. Federal data revealed significant stockpiling, particularly of pharmaceuticals.
It approximately doubled from $68.6 billion in March 2024.
After Tuesday, the S&amp;P 500 index was out of the correction zone, just down 8.79% from its record high of 6,147.43 points, scaled on Feb. 19. Dow Jones was 9.42% lower than its 52-week high of 45,073.63 points, and Nasdaq 100 was 10.94% lower than its previous high of 22,222.61 points.
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<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
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<td>Nasdaq Composite</td>
<td>-0.87%</td>
<td>17,689.66</td>
</tr>
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<td>S&amp;P 500</td>
<td>-0.77%</td>
<td>5,606.91</td>
</tr>
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<td>Dow Jones</td>
<td>-0.95%</td>
<td>40,829.00</td>
</tr>
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<td>Russell 2000</td>
<td>-1.50%</td>
<td>1,983.19</td>
</tr>
</tbody>
</table>
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Insights From Analysts:
Ed Yaderni from Yardeni Research wrote in his QuickTakes memo that &#8220;A short bout of stagflation is likely.&#8221;
&#8220;We reckoned that the economy would remain resilient. We still think so, but Trump&#8217;s Tariff Turmoil (TTT) is stress-testing the resilience of the economy. It will probably slow economic growth and boost inflation. A short bout of stagflation is likely,&#8221; he added.
Nathan Peterson, director of derivatives analysis at the Schwab Center for Financial Research, said that the AI-led optimism was booming again despite tariff woes.
&#8220;The sentiment around the AI secular growth story feels like it&#8217;s been resurrected, and the market seems more sanguine around companies&#8217; ability to navigate the potential impact of tariffs,&#8221; he said.
According to Cooper Howard, director, fixed income strategy at the Schwab Center for Financial Research, &#8220;The Fed will likely try to signal they are on hold for the time being and want to wait for more clarity about how tariffs will or won't impact the economy,&#8221; said &#8220;The market's projecting three cuts this year, which has been pared back from earlier expectations.&#8221;
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul>
<li>The FOMC meeting will begin at 2:00 p.m., and Fed Chairman Jerome Powell will deliver the verdict at a press conference at 2:30 p.m. ET.</li>
</ul>
<ul>
<li>Consumer credit for March will be out by 3:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rose 0.87% in premarket on Wednesday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $1.20 per share on revenue of $23.14 billion.</li>
<li>Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) was up 0.54% as Wall Street expects it to report earnings of 50 cents per share on revenue of $11.62 billion before the opening bell.</li>
<li>Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) was 0.021% below the flatline ahead of its earnings before the opening bell. Analysts expect a quarterly earnings of $2.87 per share on revenue of $2.51 billion.</li>
<li>Johnson Controls International PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) was 0.35% higher as Wall Street expects it to report earnings of 80 cents per share on revenue of $5.66 billion before the opening bell.</li>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) rose 2.43% as it reported stronger-than-expected first-quarter financial results Tuesday after the bell. AMD said it expects second-quarter revenue of approximately $7.4 billion, plus or minus $300 million. Analysts are currently forecasting second-quarter revenue of $7.24 billion.</li>
<li>Arista Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) declined 4.37% after posting mixed first-quarter results after Tuesday's closing bell. It reported quarterly earnings of 65 cents per share, which beat the analyst consensus estimate of 60 cents. Quarterly revenue came in at $2 billion, which missed the consensus estimate of $2.02 billion.</li>
<li>Corpay Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAY#NYSE">CPAY</a>) rose 1.44% after AvidXchange agreed to be acquired by TPG in partnership with Corpay for $2.2 billion.</li>
<li>TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) jumped 4.96% as it announced the acquisition of Acquire Peppertree Capital Management.</li>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) dropped 4.21% after it postponed its investor day, citing the macroeconomic environment.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.80% to hover around $59.56 per barrel.
Gold Spot US Dollar fell 1.59% to hover around $3,376.07 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.28% at the 99.5120 level.
Asian markets ended higher on Monday except Japan's Nikkei 225. India's S&amp;P BSE Sensex, Australia's ASX 200, China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi index rose. European markets were falling in early trade.
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Photo courtesy: Shutterstock

Equities

Market Summary

Futures

Treasuries

Economics

Federal Reserve

CPAY

MRVL

US Stocks Likely To Open Higher Ahead Of Fed's Verdict On Interest Rates: 'A Short Bout Of Stagflation Is Likely,' Says Expert

Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) reported quarterly earnings of $2.97 per share which beat the analyst consensus estimate of $2.87 by 3.48 percent. This is a 12.65 percent decrease over earnings of $3.40 per share from the same period last year. The company reported quarterly sales of $2.53 billion which beat the analyst consensus estimate of $2.51 billion by 0.67 percent. This is a 25.43 percent increase over sales of $2.02 billion the same period last year.

Earnings Beats

Owens-Corning Q1 Adj. EPS $2.97 Beats $2.87 Estimate, Sales $2.53B Beat $2.51B Estimate

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Earnings Scheduled For May 7, 2025

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) to report quarterly earnings at $1.20 per share on revenue of $23.14 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Disney shares rose 0.8% to $92.92 in after-hours trading.</li>
<li>Analysts are expecting Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to post quarterly earnings at 50 cents per share on revenue of $11.62 billion. The company will release earnings before the markets open. Uber shares gained 0.8% to $86.47 in after-hours trading.</li>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) reported stronger-than-expected first-quarter financial results Tuesday after the bell. AMD said it expects second-quarter revenue of approximately $7.4 billion, plus or minus $300 million. Analysts are currently forecasting second-quarter revenue of $7.24 billion. AMD shares gained 1.8% to $100.40 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Arista Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) posted mixed first-quarter results after Tuesday&#8217;s closing bell. Arista Networks reported quarterly earnings of 65 cents per share, which beat the analyst consensus estimate of 60 cents. Quarterly revenue came in at $2 billion, which missed the consensus estimate of $2.02 billion. The company also said it sees second-quarter revenue of $2.1 billion, versus the $2.11 billion estimate. Arista Networks shares dipped 3.8% to $87.30 in the after-hours trading session.</li>
<li>Analysts expect Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) to post quarterly earnings at $2.87 per share on revenue of $2.51 billion before the opening bell. Owens Corning shares gained 3.7% to $147.88 in after-hours trading.</li>
</ul>
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Photo courtesy: DenPhotos / Shutterstock.com

Walt Disney, Uber Technologies And 3 Stocks To Watch Heading Into Wednesday

RBC Capital analyst Mike Dahl maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Outperform and lowers the price target from $212 to $199.

RBC Capital Maintains Outperform on Owens-Corning, Lowers Price Target to $199

Wells Fargo analyst Sam Reid maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Overweight and lowers the price target from $200 to $155.

Wells Fargo Maintains Overweight on Owens-Corning, Lowers Price Target to $155

ACHR

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AMTM

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BKSY

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CEA INDUSTRIES INC by CEA Industries Inc.

CEAD

Shares of companies in the broader industrial sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Owens-Corning

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