$0.51 EPS Expected for USG Corporation (USG) This Quarter
Wall Street brokerages expect that USG Corporation (NYSE:USG) will post $0.51 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for USG Corporation’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.48. USG Corporation posted earnings of $0.46 per share during the same quarter last year, which indicates a positive year over year growth rate of 10.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that USG Corporation will report full-year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.80. For the next financial year, analysts expect that the firm will post earnings of $2.08 per share, with EPS estimates ranging from $2.03 to $2.15. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for USG Corporation.
USG Corporation (NYSE:USG) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.07. The business had revenue of $811 million for the quarter, compared to analyst estimates of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS.
Several equities analysts have recently weighed in on USG shares. BidaskClub lowered USG Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Bank of America Corporation lowered 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, July 27th. Jefferies Group LLC reaffirmed a “hold” rating on shares of USG Corporation in a research note on Wednesday, July 19th. TheStreet lowered USG Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 17th. Finally, Barclays PLC raised USG Corporation from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $28.00 to $26.00 in a research note on Sunday, July 30th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $30.57.
Shares of USG Corporation (USG) opened at 29.72 on Friday. The stock’s 50 day moving average is $27.58 and its 200 day moving average is $30.00. USG Corporation has a 12 month low of $23.71 and a 12 month high of $34.67. The firm has a market cap of $4.26 billion, a PE ratio of 9.53 and a beta of 0.99.
In other USG Corporation news, insider Jennifer F. Scanlon bought 1,500 shares of the business’s stock in a transaction on Monday, June 5th. The shares were bought at an average cost of $29.39 per share, with a total value of $44,085.00. Following the transaction, the insider now directly owns 82,902 shares in the company, valued at approximately $2,436,489.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeanette A. Press sold 3,121 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $28.55, for a total value of $89,104.55. Following the completion of the transaction, the vice president now directly owns 13,981 shares in the company, valued at $399,157.55. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.
Several institutional investors have recently made changes to their positions in USG. Somerset Trust Co raised its position in shares of USG Corporation by 0.7% in the second quarter. Somerset Trust Co now owns 16,900 shares of the construction company’s stock worth $491,000 after buying an additional 116 shares during the last quarter. Amalgamated Bank raised its position in shares of USG Corporation by 3.4% in the first quarter. Amalgamated Bank now owns 12,516 shares of the construction company’s stock worth $398,000 after buying an additional 406 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of USG Corporation by 0.5% in the first quarter. Public Employees Retirement System of Ohio now owns 90,586 shares of the construction company’s stock worth $2,881,000 after buying an additional 447 shares during the last quarter. California Public Employees Retirement System raised its position in shares of USG Corporation by 0.4% in the first quarter. California Public Employees Retirement System now owns 165,300 shares of the construction company’s stock worth $5,257,000 after buying an additional 600 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of USG Corporation by 3.5% in the second quarter. Wedge Capital Management L L P NC now owns 18,769 shares of the construction company’s stock worth $545,000 after buying an additional 631 shares during the last quarter. 87.00% of the stock is currently owned by institutional investors.
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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