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.

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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.

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

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