Equities Analysts Offer Predictions for USG Corporation’s Q3 2017 Earnings (NYSE:USG)
USG Corporation (NYSE:USG) – Northcoast Research dropped their Q3 2017 earnings estimates for USG Corporation in a research note issued to investors on Thursday. Northcoast Research analyst K. Hocevar now anticipates that the construction company will post earnings of $0.48 per share for the quarter, down from their prior estimate of $0.53. Northcoast Research also issued estimates for USG Corporation’s Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.65 EPS and FY2018 earnings at $2.05 EPS.
USG Corporation (NYSE:USG) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.07. The firm had revenue of $811 million during the quarter, compared to analyst estimates of $809.44 million. USG Corporation had a return on equity of 14.57% and a net margin of 15.23%. USG Corporation’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share.
USG has been the subject of several other research reports. Nomura began coverage on USG Corporation in a research note on Wednesday, April 12th. They set a “neutral” rating and a $33.00 target price for the company. Zacks Investment Research cut USG Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Instinet reaffirmed a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of USG Corporation in a research note on Saturday, April 29th. Bank of America Corporation cut USG Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $31.00 in a research note on Thursday. Finally, Jefferies Group LLC reissued a “hold” rating on shares of USG Corporation in a research note on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $31.20.
Shares of USG Corporation (NYSE:USG) traded up 0.26% during mid-day trading on Friday, reaching $27.50. The company had a trading volume of 155,421 shares. USG Corporation has a 52-week low of $23.71 and a 52-week high of $34.67. The firm’s 50-day moving average price is $28.82 and its 200 day moving average price is $30.57. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 8.16 and a beta of 1.09.
In other news, insider Jennifer F. Scanlon bought 1,500 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was acquired at an average cost of $29.39 per share, with a total value of $44,085.00. Following the completion of the transaction, the insider now directly owns 82,902 shares of the company’s stock, valued at approximately $2,436,489.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jeanette A. Press sold 3,121 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total value of $89,104.55. Following the completion of the sale, the vice president now directly owns 13,981 shares of the company’s stock, valued at $399,157.55. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in USG. Quantbot Technologies LP purchased a new stake in USG Corporation during the first quarter worth about $667,000. Shayne & CO. LLC increased its stake in USG Corporation by 5.0% in the first quarter. Shayne & CO. LLC now owns 197,567 shares of the construction company’s stock worth $6,283,000 after buying an additional 9,386 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in USG Corporation during the first quarter worth about $146,000. Janney Montgomery Scott LLC purchased a new stake in USG Corporation during the first quarter worth about $352,000. Finally, Glen Harbor Capital Management LLC purchased a new stake in USG Corporation during the first quarter worth about $275,000. 88.87% of the stock is owned by institutional investors and hedge funds.
USG Corporation 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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