USG Corporation (USG) to Release Quarterly Earnings on Monday
USG Corporation (NYSE:USG) is scheduled to be posting its quarterly earnings results before the market opens on Monday, July 24th. Analysts expect USG Corporation to post earnings of $0.53 per share for the quarter.
USG Corporation (NYSE:USG) last issued its quarterly earnings data on Thursday, April 27th. The construction company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.09. The business had revenue of $767 million for the quarter, compared to analyst estimates of $741.50 million. USG Corporation had a return on equity of 14.57% and a net margin of 15.23%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. On average, analysts expect USG Corporation to post $1.85 EPS for the current fiscal year and $2.22 EPS for the next fiscal year.
Shares of USG Corporation (NYSE USG) opened at 29.11 on Monday. The firm has a market cap of $4.24 billion, a P/E ratio of 8.63 and a beta of 1.09. USG Corporation has a 52 week low of $23.71 and a 52 week high of $34.67. The company’s 50-day moving average price is $29.04 and its 200 day moving average price is $30.71.
In other USG Corporation news, insider Jennifer F. Scanlon bought 1,500 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were bought at an average price of $29.39 per share, for a total transaction of $44,085.00. Following the acquisition, the insider now directly owns 82,902 shares of the company’s stock, valued at approximately $2,436,489.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeanette A. Press sold 3,121 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total transaction of $89,104.55. Following the completion of the sale, the vice president now owns 13,981 shares in the company, valued at approximately $399,157.55. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.
USG has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of USG Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. BidaskClub raised shares of USG Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Credit Suisse Group initiated coverage on shares of USG Corporation in a research report on Thursday, June 22nd. They set an “underperform” rating and a $24.00 price objective on the stock. Nomura set a $30.00 price objective on shares of USG Corporation and gave the stock a “hold” rating in a research report on Thursday, April 27th. Finally, Instinet reissued a “neutral” rating and set a $33.00 price objective (up previously from $30.00) on shares of USG Corporation in a research report on Saturday, April 29th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.53.
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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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