Somewhat Positive News Coverage Somewhat Unlikely to Affect USG Corporation (USG) Share Price
Media headlines about USG Corporation (NYSE:USG) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. USG Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 45.8801737304377 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- $0.51 EPS Expected for USG Corporation (USG) This Quarter (americanbankingnews.com)
- Magnitude 5.3 earthquake hits southeastern Idaho: USGS (feeds.reuters.com)
- Ceiling Tiles Market – Booming Construction Sector Bolsters Growth, Notes TMR (sbwire.com)
- ETFs with exposure to USG Corp. : September 2, 2017 (finance.yahoo.com)
- USG Corp. – Value Analysis (NYSE:USG) : September 2, 2017 (finance.yahoo.com)
USG has been the topic of a number of analyst reports. BidaskClub lowered USG Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Bank of America Corporation lowered USG Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $31.00 in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating on shares of USG Corporation in a research report on Wednesday, July 19th. TheStreet lowered USG Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 17th. Finally, Barclays PLC raised USG Corporation from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $28.00 to $26.00 in a research report on Sunday, July 30th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.57.
Shares of USG Corporation (USG) traded down 0.93% during mid-day trading on Friday, reaching $29.72. The company had a trading volume of 2,661,203 shares. The company has a market capitalization of $4.26 billion, a PE ratio of 9.53 and a beta of 0.99. The company’s 50-day moving average price is $27.58 and its 200-day moving average price is $30.00. USG Corporation has a 52-week low of $23.71 and a 52-week high of $34.67.
USG Corporation (NYSE:USG) last released its earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.07. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The company had revenue of $811 million during the quarter, compared to the consensus estimate of $809.44 million. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that USG Corporation will post $1.68 earnings per share for the current fiscal year.
In other USG Corporation news, insider Jennifer F. Scanlon purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average price of $29.39 per share, with a total value of $44,085.00. Following the completion of the transaction, the insider now directly owns 82,902 shares of the company’s stock, valued at approximately $2,436,489.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jeanette A. Press sold 3,121 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total transaction of $89,104.55. Following the completion of the transaction, the vice president now directly owns 13,981 shares of the company’s stock, valued at approximately $399,157.55. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.
USG Corporation Company Profile
USG Corporation, through its subsidiaries, is a manufacturer and distributor of building materials. The Company’s segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). It produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes.
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