USG Corp. (NYSE:USG) – Analysts at Jefferies Group raised their Q4 2016 EPS estimates for shares of USG Corp. in a research note issued to investors on Tuesday. Jefferies Group analyst P. Ng now expects that the brokerage will earn $0.47 per share for the quarter, up from their previous forecast of $0.44. Jefferies Group has a “Hold” rating and a $33.00 price target on the stock.
USG Corp. (NYSE:USG) last released its earnings results on Tuesday, July 26th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.02. During the same period in the previous year, the firm posted $0.53 EPS. The company had revenue of $1,000 million for the quarter, compared to analyst estimates of $1.01 billion. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year.
Several other brokerages have also recently commented on USG. Zacks Investment Research cut shares of USG Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 23rd. Wedbush reissued a “hold” rating and set a $26.00 price target (up from $23.00) on shares of USG Corp. in a research report on Wednesday, April 6th. CL King raised shares of USG Corp. from a “buy” rating to a “strong-buy” rating and boosted their price target for the stock from $30.00 to $37.00 in a research report on Friday, April 22nd. Sterne Agee CRT reissued a “neutral” rating on shares of USG Corp. in a research report on Monday, May 16th. Finally, Credit Suisse Group AG reissued a “sell” rating on shares of USG Corp. in a research report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.40.
An institutional investor recently raised its position in USG Corp. stock. First Trust Advisors LP increased its position in shares of USG Corp. (NYSE:USG) by 27.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,774 shares of the company’s stock after buying an additional 16,082 shares during the period. First Trust Advisors LP owned approximately 0.05% of USG Corp. worth $1,816,000 at the end of the most recent quarter.
In related news, insider Dominic A. Dannessa sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $29.03, for a total value of $58,060.00. Following the transaction, the insider now owns 64,937 shares in the company, valued at approximately $1,885,121.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dominic A. Dannessa sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $28.00, for a total transaction of $70,000.00. Following the completion of the transaction, the executive vice president now owns 66,937 shares in the company, valued at approximately $1,874,236. The disclosure for this sale can be found here.
USG Corporation 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 certain industrial processes. The Company’s segments include Gypsum, Ceilings, Distribution, and USG Boral Building Products.
