Somewhat Favorable News Coverage Likely to Affect USG (USG) Stock Price
Media coverage about USG (NYSE:USG) has trended somewhat positive recently, Alpha One Sentiment Analysis reports. The research group, a service of Accern, identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. USG earned a media sentiment score of 0.18 on Alpha One’s scale. Alpha One also gave media coverage about the construction company an impact score of 71 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Alpha One Sentiment’s analysis:
- Oklahoma oil prices and drilling report for Tuesday, April 18 (newsok.com)
- Library consultation results will help write the next chapter – Chew Valley Gazette (librarianchat.com)
- Analysis: Prayer spaces vary across Big Ten universities (thelantern.com)
- Youngsters still booking into Linlithgow Library – Falkirk Herald (librarianchat.com)
- USG approves expansion of Honor Committee, senate amendment (dailyprincetonian.com)
Shares of USG (NYSE:USG) traded up 1.62% during midday trading on Thursday, reaching $32.02. 998,980 shares of the company were exchanged. USG has a 52-week low of $23.71 and a 52-week high of $34.67. The company has a market capitalization of $4.68 billion, a PE ratio of 9.24 and a beta of 1.36. The stock’s 50-day moving average price is $32.60 and its 200-day moving average price is $29.78.
USG (NYSE:USG) last issued its quarterly earnings data on Wednesday, February 1st. The construction company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The firm had revenue of $734 million for the quarter, compared to the consensus estimate of $727.44 million. USG had a net margin of 14.69% and a return on equity of 16.06%. USG’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. Analysts anticipate that USG will post $1.99 EPS for the current year.
A number of equities analysts recently commented on USG shares. Macquarie reiterated an “outperform” rating and set a $38.00 target price on shares of USG in a research note on Wednesday, December 21st. TheStreet upgraded shares of USG from a “hold” rating to a “buy” rating in a research note on Wednesday, December 21st. Zacks Investment Research downgraded shares of USG from a “hold” rating to a “sell” rating in a research note on Wednesday, December 28th. Barclays PLC started coverage on shares of USG in a research note on Thursday, January 5th. They set an “underweight” rating and a $29.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $30.00 target price (up previously from $28.00) on shares of USG in a research note on Wednesday, January 11th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.67.
In related news, insider Dominic A. Dannessa sold 2,500 shares of USG stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $33.54, for a total value of $83,850.00. Following the sale, the insider now directly owns 66,023 shares in the company, valued at approximately $2,214,411.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
USG 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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