USG Corp. (USG) Releases Quarterly Earnings, Beats Expectations By $0.10 EPS
USG Corp. (NYSE:USG) released its earnings data on Thursday. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.10, American Banking News reports. The company had revenue of $915.00 million for the quarter, compared to the consensus estimate of $907.49 million.
Shares of USG Corp. (NYSE:USG) opened at 29.44 on Thursday. USG Corp. has a 1-year low of $21.35 and a 1-year high of $32.39. The stock’s 50-day moving average is $29. and its 200-day moving average is $27.10. The company has a market cap of $3.197 billion and a price-to-earnings ratio of 86.17.
A number of research firms have recently commented on USG. Analysts at Barclays raised their price target on shares of USG Corp. from $34.00 to $36.00 in a research note to investors on Monday, January 27th. They now have an “overweight” rating on the stock. On a related note, analysts at Credit Suisse initiated coverage on shares of USG Corp. in a research note to investors on Monday, December 9th. They set a “neutral” rating and a $27.00 price target on the stock. Finally, analysts at Zacks downgraded shares of USG Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $30.60 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. USG Corp. presently has a consensus rating of “Buy” and a consensus target price of $31.60.
USG Corporation (NYSE:USG), through its subsidiaries, is a manufacturer and distributor of building materials.
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