USG Corporation (USG) Releases Earnings Results, Beats Expectations By $0.17 EPS

USG Corporation (USG) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.17. Analysts had a consensus of $0.26. The company posted revenue of $970.00 million in the period, compared to analysts expectations of $928.16 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on USG Corporation. Company shares were Reiterated by RBC Capital Mkts on Feb 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 24 from a previous price target of $20 .USG Corporation was Downgraded by Credit Suisse to ” Underperform” on Jan 26, 2016.

USG Corporation opened for trading at $27.07 and hit $27.49 on the upside on Monday, eventually ending the session at $27.24, with a gain of 0.33% or 0.09 points. The heightened volatility saw the trading volume jump to 10,29,963 shares. Company has a market cap of $3,968 M.

In a different news, on Nov 20, 2015, Stanley L Ferguson (Executive Vice President) sold 3,000 shares at $25.00 per share price. According to the SEC, on Sep 10, 2015, Dominic A Dannessa (Senior Vice President) sold 2,500 shares at $30.72 per share price. On Aug 11, 2015, Jennifer F. Scanlon (Senior Vice President) sold 1,500 shares at $32.11 per share price, according to the Form-4 filing with the securities and exchange commission.

USG Corporation (USG) through its subsidiaries is a manufacturer and distributor of building materials. The Company 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 industrial processes. The Company operates in four segments: Gypsum Ceilings Distribution and USG Boral Building Products (UBBP). The Gypsum segment manufactures gypsum wallboard; the Ceilings segment manufactures and markets interior systems products; the Distribution segment consists of L&W Supply a distributor of gypsum wallboard and other building materials and the Company’s UBBP segment manufactures distributes and sells building products mines raw gypsum and sells natural and synthetic gypsum. The Company’s brands include DUROCK FIBEROCK LEVELROCK RED TOP IMPERIAL DIAMOND SUPREMO RADAR ECLIPSE MARS USG Boral Sheetrock and USG Boral NextGen among others.

USG Corporation

Leave a Reply

USG Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on USG Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.