USG Corp. (USG) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS
USG Corp. (NYSE:USG) posted its quarterly earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.06, Analyst Ratings Network.com reports. The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $937.50 million. During the same quarter in the previous year, the company posted ($0.28) earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis.
A number of analysts have recently weighed in on USG shares. Analysts at Zacks upgraded shares of USG Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 15th. They now have a $29.20 price target on the stock. On a related note, analysts at Jefferies Group initiated coverage on shares of USG Corp. in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $34.00 price target on the stock. Finally, analysts at Sterne Agee upgraded shares of USG Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 6th. They now have a $32.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. USG Corp. presently has a consensus rating of “Buy” and a consensus price target of $31.62.
Shares of USG Corp. (NYSE:USG) opened at 26.49 on Thursday. USG Corp. has a one year low of $20.05 and a one year high of $30.97. The stock’s 50-day moving average is $24.84 and its 200-day moving average is $25.94. The company’s market cap is $2.875 billion.
USG Corporation (NYSE:USG), through its subsidiaries, is a manufacturer and distributor of building materials.
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