Equities research analysts forecast that USG Corporation (NYSE:USG) will report $761.36 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for USG Corporation’s earnings, with estimates ranging from $752.30 million to $767.48 million. USG Corporation reported sales of $734.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The business is expected to announce its next earnings results on Wednesday, February 7th.

On average, analysts expect that USG Corporation will report full-year sales of $761.36 million for the current fiscal year, with estimates ranging from $3.13 billion to $3.14 billion. For the next year, analysts anticipate that the business will report sales of $3.30 billion per share, with estimates ranging from $3.27 billion to $3.39 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover USG Corporation.

USG Corporation (NYSE:USG) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. USG Corporation had a net margin of 14.93% and a return on equity of 12.90%. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $790.54 million. During the same period in the previous year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year.

Several brokerages have commented on USG. TheStreet downgraded shares of USG Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 17th. Macquarie raised their target price on shares of USG Corporation from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. SunTrust Banks, Inc. downgraded shares of USG Corporation from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research report on Monday, October 2nd. They noted that the move was a valuation call. BidaskClub downgraded shares of USG Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Bank of America Corporation lowered USG Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.14.

Shares of USG Corporation (NYSE:USG) traded up $0.32 during mid-day trading on Tuesday, hitting $34.90. 1,117,600 shares of the stock were exchanged, compared to its average volume of 1,640,703. USG Corporation has a 12 month low of $25.60 and a 12 month high of $35.02. The firm has a market capitalization of $4,920.00, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.73.

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In related news, insider Dominic A. Dannessa sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $32.41, for a total transaction of $162,050.00. Following the transaction, the insider now owns 61,713 shares in the company, valued at $2,000,118.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian J. Cook sold 30,000 shares of USG Corporation stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $34.58, for a total transaction of $1,037,400.00. Following the sale, the insider now directly owns 84,538 shares of the company’s stock, valued at approximately $2,923,324.04. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wedge Capital Management L L P NC increased its stake 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 valued at $545,000 after acquiring an additional 631 shares during the period. Thompson Investment Management Inc. boosted 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 valued at $355,000 after buying an additional 1,125 shares in the last quarter. Amalgamated Bank lifted its position in shares of USG Corporation by 27.2% during the second quarter. Amalgamated Bank now owns 15,920 shares of the construction company’s stock worth $462,000 after purchasing an additional 3,404 shares in the last quarter. Hosking Partners LLP lifted its position in shares of USG Corporation by 1.6% during the second quarter. Hosking Partners LLP now owns 228,640 shares of the construction company’s stock worth $6,635,000 after purchasing an additional 3,681 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of USG Corporation by 2.2% during the third quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after purchasing an additional 4,100 shares in the last quarter. Hedge funds and other institutional investors own 86.47% 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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Earnings History and Estimates for USG Corporation (NYSE:USG)

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