Revenue Update on USG Corporation(NYSE:USG)

USG Corporation(NYSE:USG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $1.00B. Analysts estimated a revenue of $1.01B. Earnings per share were $0.46. Analysts had estimated an EPS of $0.48.

In a different note, On May 4, 2016, Goldman Sachs said it Maintains its rating on USG Corporation. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Neutral’ by the firm.

USG Corporation (USG) shares turned negative on Fridays trading session with the shares closing down -0.67 points or -2.32% at a volume of 16,85,456. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.88. The peak price level was also seen at $28.88 while the days lowest was $28.1. Finally the shares closed at $28.16. The 52-week high of the shares is $32.879 while the 52-week low is $15.85. According to the latest information available, the market cap of the company is $4,110 M.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, Dominic A Dannessa (Executive Vice Presidenet) sold 2,000 shares at $29.03 per share price.Also, On May 18, 2016, Mary A. Martin (Vice President) sold 5,000 shares at $28.20 per share price.On May 2, 2016, Jose Armario (director) purchased 992 shares at $28.11 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.

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