Norbord (OSB) Set to Announce Earnings on Thursday

Norbord (TSE:OSB) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of C($0.14) per share for the quarter.

Norbord (TSE:OSB) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.07). The company had revenue of C$632.87 million for the quarter, compared to analysts’ expectations of C$621.00 million.

OSB traded down C$0.72 during trading on Wednesday, hitting C$30.36. The company had a trading volume of 138,978 shares, compared to its average volume of 322,197. The company has a market cap of $2.54 billion and a P/E ratio of 9.40. The stock has a 50-day moving average of C$31.32. The company has a current ratio of 1.80, a quick ratio of 0.82 and a debt-to-equity ratio of 80.32. Norbord has a 1-year low of C$26.31 and a 1-year high of C$57.29.

OSB has been the topic of several recent analyst reports. CIBC upped their price target on shares of Norbord from C$31.00 to C$35.00 in a report on Friday, July 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 485 ($6.34) target price on shares of in a research note on Tuesday, July 9th. BMO Capital Markets upgraded shares of Bank of America from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Monday, June 17th. Finally, Raymond James reiterated a “buy” rating and set a $41.00 target price on shares of Norbord in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$36.00.

About Norbord

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.

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Earnings History for Norbord (TSE:OSB)

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