Jefferies Group Weighs in on USG Co.’s Q1 2018 Earnings (USG)

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.

USG has been the topic of several other research reports. Citigroup reiterated a “neutral” rating and set a $34.00 price target (up previously from $31.00) on shares of USG in a research report on Monday, October 9th. Barclays upgraded shares of USG from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $31.00 to $43.00 in a research report on Friday, January 5th. Zacks Investment Research upgraded shares of USG from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Macquarie upped their price target on shares of USG from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 15th. Finally, Robert W. Baird upgraded shares of USG from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $35.00 to $45.00 in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.64.

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.

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About USG

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 (NYSE:USG)

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