Research Analysts Set Expectations for Norbord Inc.’s Q3 2017 Earnings (OSB)

Norbord Inc. (NYSE:OSB) – Equities researchers at Raymond James Financial lifted their Q3 2017 earnings estimates for Norbord in a research report issued on Wednesday. Raymond James Financial analyst D. Swetlishoff now expects that the brokerage will post earnings of $0.73 per share for the quarter, up from their prior estimate of $0.59. Raymond James Financial also issued estimates for Norbord’s Q4 2017 earnings at $0.49 EPS.

Norbord (NYSE:OSB) last issued its earnings results on Tuesday, July 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Norbord from a “hold” rating to a “strong sell” rating in a report on Tuesday. TheStreet raised Norbord from a “sell” rating to a “hold” rating in a report on Friday, July 22nd.

Shares of Norbord (NYSE:OSB) traded up 3.20% during trading on Thursday, reaching $24.85. The company’s stock had a trading volume of 23,260 shares. Norbord has a 12-month low of $15.12 and a 12-month high of $25.03. The stock’s 50-day moving average is $21.21 and its 200-day moving average is $20.29. The stock has a market cap of $2.14 billion and a P/E ratio of 30.08.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Thursday, September 1st will be issued a $0.0766 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, August 30th.