Q3 2017 Earnings Forecast for USG Corporation (NYSE:USG) Issued By SunTrust Banks

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.

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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.

Earnings History and Estimates for USG Corporation (NYSE:USG)

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