Research Analysts Set Expectations for USG Corporation’s Q3 2017 Earnings (USG)
USG Corporation (NYSE:USG) – Analysts at SunTrust Banks cut their Q3 2017 earnings per share estimates for shares of USG Corporation in a note issued to investors on Monday. SunTrust Banks analyst K. Hughes now anticipates that the construction company will post earnings per share of $0.42 for the quarter, down from their prior estimate of $0.50. SunTrust Banks currently has a “Hold” rating and a $33.00 price objective on the stock. SunTrust Banks also issued estimates for USG Corporation’s Q4 2017 earnings at $0.35 EPS, FY2017 earnings at $1.58 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.98 EPS.
Other equities analysts have also issued research reports about the company. Jefferies Group LLC reiterated a “hold” rating on shares of USG Corporation in a research note on Wednesday, July 19th. CL King downgraded USG Corporation from a “strong-buy” rating to a “neutral” rating in a research report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and set a $31.00 price objective (up from $28.00) on shares of USG Corporation in a research report on Monday, September 18th. ValuEngine lowered USG Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, TheStreet lowered USG Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 17th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.46.
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Shares of USG Corporation (NYSE:USG) opened at 31.92 on Tuesday. USG Corporation has a 12-month low of $23.71 and a 12-month high of $34.67. The firm has a market capitalization of $4.58 billion, a PE ratio of 10.24 and a beta of 1.00. The company’s 50-day moving average price is $29.76 and its 200-day moving average price is $29.63.
USG Corporation (NYSE:USG) last released its quarterly earnings results 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 business had revenue of $811.00 million for the quarter, compared to the consensus estimate 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 was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share.
In other news, insider Dominic A. Dannessa sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $32.41, for a total value of $162,050.00. Following the completion of the transaction, the insider now owns 61,713 shares of the company’s stock, valued at $2,000,118.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in USG Corporation by 70.1% during the 1st quarter. SG Americas Securities LLC now owns 10,543 shares of the construction company’s stock worth $335,000 after acquiring an additional 4,346 shares during the last quarter. Thompson Investment Management Inc. raised its stake in shares of USG Corporation by 10.1% during the second quarter. Thompson Investment Management Inc. now owns 12,250 shares of the construction company’s stock valued at $355,000 after acquiring an additional 1,125 shares during the last quarter. Jane Street Group LLC bought a new position in shares of USG Corporation during the first quarter valued at $362,000. Two Sigma Securities LLC bought a new position in shares of USG Corporation during the first quarter valued at $365,000. Finally, Pacer Advisors Inc. raised its stake in shares of USG Corporation by 18.2% during the first quarter. Pacer Advisors Inc. now owns 12,113 shares of the construction company’s stock valued at $385,000 after acquiring an additional 1,868 shares during the last quarter. Institutional investors and hedge funds own 87.00% 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.
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