USG Corporation (USG) was Resumed by Goldman to “Sell”. Goldman advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on USG Corporation. Shares were Reiterated by Wedbush on Oct 27, 2016 to “Neutral” and Lowered the Price Target to $ 30 from a previous price target of $31 .BofA/Merrill Initiated USG Corporation on Sep 23, 2016 to “Buy”, Price Target of the shares are set at $36.RBC Capital Mkts Upgraded USG Corporation on Sep 13, 2016 to ” Outperform”, Price Target of the shares are set at $34.
On the company’s financial health, USG Corporation reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.43. The company had revenue of $767.00 million for the quarter, compared to analysts expectations of $918.77 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
USG Corporation opened for trading at $28.13 and hit $28.365 on the upside on Monday, eventually ending the session at $28.2, with a gain of 0.25% or 0.07 points. The heightened volatility saw the trading volume jump to 13,21,149 shares. Company has a market cap of $4,119 M.
In a different news, on Oct 7, 2016, James S Metcalf (Chairman, President and CEO) sold 15,577 shares at $26.00 per share price. According to the SEC, on Sep 7, 2016, Jennifer F. Scanlon (Executive Vice President) sold 9,260 shares at $27.13 per share price. On Sep 6, 2016, Kenneth R. Banas (Vice President) sold 1,715 shares at $28.00 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.