USG Co. (NYSE:USG) – Equities research analysts at Jefferies Group boosted their Q1 2018 earnings estimates for USG in a research note issued to investors on Wednesday. Jefferies Group analyst P. Ng now expects that the construction company will post earnings of $0.50 per share for the quarter, up from their prior forecast of $0.46. Jefferies Group currently has a “Hold” rating and a $39.00 target price on the stock. Jefferies Group also issued estimates for USG’s Q2 2018 earnings at $0.63 EPS.
USG (NYSE:USG) last issued its earnings results on Thursday, October 26th. The construction company reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. USG had a net margin of 14.93% and a return on equity of 12.90%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $790.54 million. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year.
Shares of USG (USG) traded up $0.08 during trading hours on Friday, hitting $39.33. 58,770 shares of the stock traded hands, compared to its average volume of 1,303,075. USG has a 52 week low of $25.60 and a 52 week high of $41.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.73. The firm has a market cap of $5,550.00, a P/E ratio of 29.57, a PEG ratio of 1.48 and a beta of 1.21.
In other news, insider Brian J. Cook sold 30,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $34.58, for a total value of $1,037,400.00. Following the completion of the sale, the insider now directly owns 84,538 shares of the company’s stock, valued at approximately $2,923,324.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dominic A. Dannessa sold 6,042 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $37.55, for a total value of $226,877.10. Following the completion of the sale, the insider now directly owns 63,255 shares of the company’s stock, valued at $2,375,225.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,992 shares of company stock valued at $2,131,270. 0.67% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new stake in USG during the 4th quarter worth approximately $196,000. SG Americas Securities LLC acquired a new position in USG during the 3rd quarter worth approximately $170,000. Creative Planning acquired a new position in USG during the 4th quarter worth approximately $235,000. Fox Run Management L.L.C. acquired a new position in USG during the 4th quarter worth approximately $304,000. Finally, Beck Capital Management LLC acquired a new position in USG during the 3rd quarter worth approximately $327,000. 85.78% of the stock is owned by institutional investors and hedge funds.
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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