Analysts Anticipate Norbord Inc (OSB) to Announce $1.49 EPS

Equities analysts expect Norbord Inc (NYSE:OSB) to announce $1.49 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Norbord’s earnings. Norbord reported earnings per share of $1.39 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The company is scheduled to report its next earnings results on Friday, October 26th.

According to Zacks, analysts expect that Norbord will report full year earnings of $5.70 per share for the current year. For the next year, analysts forecast that the business will post earnings of $5.00 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow Norbord.

Norbord (NYSE:OSB) last issued its quarterly earnings results on Thursday, August 2nd. The construction company reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.31. The company had revenue of $707.00 million for the quarter, compared to the consensus estimate of $682.27 million. Norbord had a return on equity of 48.17% and a net margin of 22.75%. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS.

OSB has been the topic of several recent analyst reports. ValuEngine downgraded Norbord from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research downgraded Norbord from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.29.

NYSE OSB traded up $0.21 during trading on Wednesday, hitting $34.54. The company’s stock had a trading volume of 203,500 shares, compared to its average volume of 144,492. The company has a quick ratio of 1.83, a current ratio of 2.69 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.00 billion, a P/E ratio of 7.69, a P/E/G ratio of 1.01 and a beta of 2.30. Norbord has a 52 week low of $32.22 and a 52 week high of $45.45.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Saturday, September 1st were given a $3.459 dividend. This is an increase from Norbord’s previous quarterly dividend of $0.47. This represents a $13.84 annualized dividend and a yield of 40.06%. The ex-dividend date was Thursday, August 30th. Norbord’s payout ratio is currently 306.68%.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in Norbord by 10.9% in the 1st quarter. BlackRock Inc. now owns 42,230 shares of the construction company’s stock worth $1,534,000 after buying an additional 4,134 shares during the period. Highstreet Asset Management Inc. increased its position in shares of Norbord by 2,025.7% during the second quarter. Highstreet Asset Management Inc. now owns 4,294 shares of the construction company’s stock valued at $177,000 after purchasing an additional 4,092 shares during the period. Credit Agricole S A increased its position in shares of Norbord by 154.5% during the second quarter. Credit Agricole S A now owns 28,000 shares of the construction company’s stock valued at $1,152,000 after purchasing an additional 17,000 shares during the period. Navellier & Associates Inc bought a new stake in shares of Norbord during the second quarter valued at approximately $794,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Norbord during the second quarter valued at approximately $264,000. 76.86% of the stock is currently owned by institutional investors.

Norbord Company Profile

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.

Further Reading: Buyback For Investors Defined

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