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.

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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.

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

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