Analysts expect that Norbord Inc. (NYSE:OSB) will post earnings per share of $0.86 for the current quarter, Zacks reports. Zero analysts have provided estimates for Norbord’s earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.88. Norbord posted earnings of $0.58 per share during the same quarter last year, which would suggest a positive year over year growth rate of 48.3%. The firm is expected to issue its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Norbord will report full-year earnings of $3.63 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.75. For the next financial year, analysts forecast that the firm will report earnings of $2.50 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Norbord.

Norbord (NYSE:OSB) last released its quarterly earnings data on Friday, February 2nd. The construction company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.03. The company had revenue of $596.00 million for the quarter. Norbord had a return on equity of 45.78% and a net margin of 20.03%.

OSB has been the topic of several recent analyst reports. TD Securities decreased their price target on Norbord from $43.00 to $39.00 and set a “hold” rating on the stock in a research note on Monday, October 30th. Scotiabank reaffirmed a “buy” rating and issued a $55.00 price target on shares of Norbord in a research note on Tuesday, November 14th. Zacks Investment Research raised Norbord from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Friday, October 27th. Bank of America set a $31.00 price target on Norbord and gave the company a “sell” rating in a research note on Wednesday, January 24th. Finally, ValuEngine raised Norbord from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $40.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Norbord by 4.3% during the 4th quarter. BlackRock Inc. now owns 38,096 shares of the construction company’s stock worth $1,288,000 after acquiring an additional 1,588 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Norbord by 22.7% during the 4th quarter. Bank of New York Mellon Corp now owns 10,273 shares of the construction company’s stock worth $348,000 after acquiring an additional 1,901 shares in the last quarter. Shell Asset Management Co. lifted its stake in Norbord by 51.2% during the 3rd quarter. Shell Asset Management Co. now owns 6,229 shares of the construction company’s stock worth $143,000 after acquiring an additional 2,109 shares in the last quarter. Swiss National Bank lifted its stake in Norbord by 3.1% during the 4th quarter. Swiss National Bank now owns 73,028 shares of the construction company’s stock worth $2,474,000 after acquiring an additional 2,200 shares in the last quarter. Finally, K.J. Harrison & Partners Inc lifted its stake in Norbord by 6.5% during the 4th quarter. K.J. Harrison & Partners Inc now owns 45,000 shares of the construction company’s stock worth $1,530,000 after acquiring an additional 2,743 shares in the last quarter. 79.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Norbord (NYSE:OSB) traded down $0.45 during trading on Thursday, hitting $36.38. The stock had a trading volume of 42,230 shares, compared to its average volume of 159,443. Norbord has a twelve month low of $27.00 and a twelve month high of $41.88. The firm has a market cap of $3,121.70, a price-to-earnings ratio of 7.24, a PEG ratio of 1.16 and a beta of 3.38. The company has a current ratio of 1.83, a quick ratio of 1.20 and a debt-to-equity ratio of 0.54.

Norbord declared that its Board of Directors has approved a stock buyback plan on Friday, October 27th that allows the company to repurchase 5,140,000 outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, March 1st will be paid a $0.4862 dividend. This represents a $1.94 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Wednesday, February 28th. This is a positive change from Norbord’s previous quarterly dividend of $0.47. Norbord’s dividend payout ratio is 37.45%.

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About Norbord

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial customers 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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