Media stories about USG (NYSE:USG) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. USG earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 47.0387004103015 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Marketa McGuire Named Bureau of Reclamation’s 2018 Engineer of the Year (prweb.com)
- Oklahoma Oil and Gas Drilling Intents and Completions for Feb. 5-11 (tulsaworld.com)
- USG passes resolution increasing budget of Student Group Projects Board by $10K (dailyprincetonian.com)
- John Kelly and Secret Service agent scuffled with Chinese security officials over nuclear ‘football’ in Beijing, report claims (japantimes.co.jp)
- USG announces new appointments in weekly meeting (dailyprincetonian.com)
Several research analysts have recently issued reports on the company. Zacks Investment Research raised USG from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Saturday, January 6th. Citigroup increased their price target on USG from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Jefferies Group reissued a “hold” rating and issued a $39.00 price target on shares of USG in a research note on Wednesday, January 17th. Credit Suisse Group reissued an “underperform” rating and issued a $36.00 price target (up previously from $26.00) on shares of USG in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, ValuEngine raised USG from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.62.
USG (NYSE:USG) last announced its quarterly earnings data on Thursday, February 1st. The construction company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.14. The business had revenue of $831.00 million during the quarter, compared to analyst estimates of $757.57 million. USG had a return on equity of 13.59% and a net margin of 2.96%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. equities research analysts expect that USG will post 2.23 EPS for the current year.
USG announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 1st that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Christopher D. Macey sold 3,325 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $37.61, for a total transaction of $125,053.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph W. Holmes sold 2,570 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $38.26, for a total value of $98,328.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,992 shares of company stock valued at $1,093,870. Insiders own 0.67% of the company’s stock.
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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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