
Owens Corning (OC) Stock Forecast & Price Target
Owens Corning (OC) Analyst Ratings
Bulls say
Owens-Corning's Roofing segment reported a robust EBIT of $280 million, driven by increased sales and margins due to an industry shift towards higher-value laminate products. The company is expected to benefit from improved margins as it invests in laminate capacity, alongside a planned residential roofing price increase of 7-10% that is anticipated to achieve good realization. Furthermore, Owens-Corning's strong free cash flow and solid balance sheet position it well for capital returns, including share buybacks, even amidst an expected rise in capital expenditures in the coming years.
Bears say
Owens-Corning's stock outlook is negatively impacted by projected earnings per share (EPS) declines of 6% for FY'25, driven by weaker first-quarter guidance and related concerns about overall market conditions. The company anticipates a 3% year-over-year decrease in sales, revising expectations from $11.9 billion to $10.6 billion while highlighting risks associated with slower global economic activity and declining North American housing demand. Additionally, potential challenges in roofing volumes and pricing, coupled with integration difficulties from acquisitions, could adversely affect operational leverage and margin performance, further contributing to a negative outlook.
This aggregate rating is based on analysts' research of Owens Corning and is not a guaranteed prediction by Public.com or investment advice.
Owens Corning (OC) Analyst Forecast & Price Prediction
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