USG Corporation (NYSE:USG) – Investment analysts at SunTrust Banks dropped their Q3 2017 earnings per share (EPS) estimates for shares of USG Corporation in a report released on Wednesday. SunTrust Banks analyst K. Hughes now anticipates that the construction company will post earnings per share of $0.50 for the quarter, down from their previous estimate of $0.54. SunTrust Banks also issued estimates for USG Corporation’s Q4 2017 earnings at $0.38 EPS, FY2017 earnings at $1.69 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.46 EPS and FY2018 earnings at $2.04 EPS.
A number of other equities analysts have also issued reports on the company. Credit Suisse Group started coverage on USG Corporation in a research note on Thursday, June 22nd. They issued an “underperform” rating and a $24.00 target price for the company. Zacks Investment Research lowered USG Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. BidaskClub upgraded USG Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Jefferies Group LLC restated a “hold” rating and issued a $33.00 target price (down previously from $35.00) on shares of USG Corporation in a research note on Saturday, April 29th. Finally, Nomura set a $30.00 target price on USG Corporation and gave the stock a “hold” rating in a research note on Thursday, April 27th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.20.
USG Corporation (NYSE USG) opened at 27.07 on Friday. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 8.03 and a beta of 1.09. USG Corporation has a 52-week low of $23.71 and a 52-week high of $34.67. The company’s 50-day moving average price is $28.78 and its 200 day moving average price is $30.55.
USG Corporation (NYSE:USG) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.07. USG Corporation had a return on equity of 14.57% and a net margin of 15.23%. The company had revenue of $811 million for the quarter, compared to the consensus estimate of $809.44 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. USG Corporation’s revenue was up 5.5% compared to the same quarter last year.
In other USG Corporation news, VP Jeanette A. Press sold 3,121 shares of USG Corporation stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total transaction of $89,104.55. Following the completion of the transaction, the vice president now owns 13,981 shares in the company, valued at approximately $399,157.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer F. Scanlon acquired 1,500 shares of USG Corporation stock in a transaction on Monday, June 5th. The shares were bought at an average price of $29.39 per share, with a total value of $44,085.00. Following the purchase, the insider now directly owns 82,902 shares in the company, valued at approximately $2,436,489.78. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in USG Corporation by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock worth $217,404,000 after buying an additional 76,843 shares during the period. Clinton Group Inc. boosted its stake in USG Corporation by 29.0% in the first quarter. Clinton Group Inc. now owns 32,571 shares of the construction company’s stock worth $1,036,000 after buying an additional 7,324 shares during the period. Elkfork Partners LLC acquired a new stake in USG Corporation during the first quarter worth approximately $178,000. Parametric Portfolio Associates LLC boosted its stake in USG Corporation by 3.3% in the first quarter. Parametric Portfolio Associates LLC now owns 187,925 shares of the construction company’s stock worth $5,976,000 after buying an additional 5,969 shares during the period. Finally, Ecofin Ltd. boosted its stake in USG Corporation by 95.3% in the first quarter. Ecofin Ltd. now owns 1,233,919 shares of the construction company’s stock worth $39,239,000 after buying an additional 602,168 shares during the period. Hedge funds and other institutional investors own 88.87% of the company’s stock.
About USG Corporation
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.
Receive News & Ratings for USG Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USG Corporation and related companies with our FREE daily email newsletter.