Raymond James Weighs in on Norbord Inc’s Q2 2019 Earnings (TSE:OSB)

Norbord Inc (TSE:OSB) – Raymond James dropped their Q2 2019 EPS estimates for Norbord in a report released on Tuesday, July 16th. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of ($0.16) per share for the quarter, down from their previous forecast of $0.28. Raymond James also issued estimates for Norbord’s Q3 2019 earnings at $0.63 EPS and FY2019 earnings at $1.99 EPS.

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

Shares of TSE:OSB opened at C$30.87 on Friday. The business has a fifty day moving average of C$30.41. The company has a market cap of $2.52 billion and a price-to-earnings ratio of 9.55. Norbord has a one year low of C$26.31 and a one year high of C$57.29. The company has a quick ratio of 0.82, a current ratio of 1.80 and a debt-to-equity ratio of 80.32.

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

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Saturday, June 1st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Thursday, May 30th. Norbord’s payout ratio is 145.04%.

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 and Estimates for Norbord (TSE:OSB)

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