USG Corporation (USG) to Post FY2018 Earnings of $2.10 Per Share, Northcoast Research Forecasts
USG Corporation (NYSE:USG) – Equities researchers at Northcoast Research increased their FY2018 earnings per share (EPS) estimates for USG Corporation in a research note issued to investors on Thursday. Northcoast Research analyst K. Hocevar now forecasts that the construction company will earn $2.10 per share for the year, up from their previous forecast of $2.05.
Other research analysts also recently issued reports about the company. Jefferies Group LLC reaffirmed a “hold” rating on shares of USG Corporation in a report on Wednesday, July 19th. CL King downgraded USG Corporation from a “strong-buy” rating to a “neutral” rating in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $31.00 price target (up from $28.00) on shares of USG Corporation in a report on Monday, September 18th. ValuEngine downgraded USG Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Nomura lowered their price target on USG Corporation from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.64.
USG Corporation (NYSE USG) traded down 0.12% during midday trading on Monday, reaching $34.07. 57,009 shares of the company’s stock traded hands. USG Corporation has a 52-week low of $23.71 and a 52-week high of $34.80. The company has a market cap of $4.89 billion, a P/E ratio of 10.93 and a beta of 1.00. The stock has a 50-day moving average of $32.22 and a 200 day moving average of $29.77.
USG Corporation (NYSE:USG) last posted its quarterly earnings data on Thursday, October 26th. The construction company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $790.54 million. USG Corporation had a net margin of 14.93% and a return on equity of 12.90%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS.
A number of institutional investors and hedge funds have recently modified their holdings of USG. Thompson Investment Management Inc. increased its position in USG Corporation by 10.1% in the second quarter. Thompson Investment Management Inc. now owns 12,250 shares of the construction company’s stock worth $355,000 after buying an additional 1,125 shares in the last quarter. Jane Street Group LLC purchased a new stake in USG Corporation in the first quarter worth about $362,000. Amalgamated Bank increased its position in USG Corporation by 3.4% in the first quarter. Amalgamated Bank now owns 12,516 shares of the construction company’s stock worth $398,000 after buying an additional 406 shares in the last quarter. Somerset Trust Co increased its position in USG Corporation by 0.7% in the second quarter. Somerset Trust Co now owns 16,900 shares of the construction company’s stock worth $491,000 after buying an additional 116 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in USG Corporation by 3.5% in the second quarter. Wedge Capital Management L L P NC now owns 18,769 shares of the construction company’s stock worth $545,000 after buying an additional 631 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.
In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of the company’s stock in a transaction dated 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 sale, 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 SEC, which is accessible through this link. Corporate insiders own 0.67% 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.
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