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.

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

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