USG Corporation (NYSE:USG) – Jefferies Group increased their Q4 2017 EPS estimates for shares of USG Corporation in a research note issued on Thursday. Jefferies Group analyst P. Ng now expects that the construction company will earn $0.39 per share for the quarter, up from their prior estimate of $0.36. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for USG Corporation’s FY2018 earnings at $2.18 EPS.

A number of other research firms have also recently commented on USG. BidaskClub raised USG Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. CL King cut USG Corporation from a “strong-buy” rating to a “neutral” rating in a report on Monday, July 24th. Bank of America Corporation cut USG Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $31.00 in a report on Thursday, July 27th. Barclays PLC raised USG Corporation from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $28.00 to $26.00 in a report on Sunday, July 30th. Finally, TheStreet cut USG Corporation from a “b” rating to a “c+” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $30.93.

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USG Corporation (USG) opened at 33.74 on Monday. The stock has a market capitalization of $4.84 billion, a PE ratio of 10.82 and a beta of 1.00. 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 $31.87 and its 200 day moving average price is $29.68.

USG Corporation (NYSE:USG) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The company had revenue of $811.00 million for the quarter, compared to the consensus estimate of $809.44 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year.

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in shares of USG Corporation by 70.1% during the first quarter. SG Americas Securities LLC now owns 10,543 shares of the construction company’s stock valued at $335,000 after buying an additional 4,346 shares during the period. Thompson Investment Management Inc. boosted its position 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 buying an additional 1,125 shares during the period. Jane Street Group LLC purchased a new position in shares of USG Corporation during the first quarter valued at approximately $362,000. Amalgamated Bank boosted its position in shares of USG Corporation by 3.4% during the first quarter. Amalgamated Bank now owns 12,516 shares of the construction company’s stock valued at $398,000 after buying an additional 406 shares during the period. Finally, Somerset Trust Co boosted its position in shares of USG Corporation by 0.7% during the second quarter. Somerset Trust Co now owns 16,900 shares of the construction company’s stock valued at $491,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 86.93% of the company’s stock.

In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of the business’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 transaction of $162,050.00. Following the completion of the transaction, the insider now owns 61,713 shares in the company, valued at $2,000,118.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is owned by insiders.

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.

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

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