USG Co. (USG) Expected to Earn Q1 2018 Earnings of $0.42 Per Share

USG Co. (NYSE:USG) – Equities researchers at Northcoast Research issued their Q1 2018 EPS estimates for USG in a research note issued on Friday. Northcoast Research analyst K. Hocevar anticipates that the construction company will earn $0.42 per share for the quarter. Northcoast Research also issued estimates for USG’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.15 EPS and FY2019 earnings at $2.60 EPS.

A number of other equities analysts have also weighed in on USG. Zacks Investment Research raised USG from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of USG in a research note on Thursday, October 26th. Bank of America lowered USG from a “neutral” rating to an “underperform” rating in a research note on Friday, October 27th. Citigroup boosted their price objective on USG from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, Barclays boosted their price objective on USG from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. USG presently has an average rating of “Hold” and a consensus target price of $37.62.

USG (USG) opened at $33.23 on Monday. The firm has a market capitalization of $4,700.00, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.73 and a current ratio of 2.37. USG has a 12 month low of $25.60 and a 12 month high of $41.18.

USG (NYSE:USG) last released its quarterly earnings data on Thursday, February 1st. The construction company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.14. The company had revenue of $831.00 million for the quarter, compared to analyst estimates of $757.57 million. USG had a return on equity of 13.36% and a net margin of 2.96%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share.

USG announced that its board has initiated a stock buyback plan on Thursday, February 1st that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In related news, insider Christopher D. Macey sold 3,325 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $37.61, for a total value of $125,053.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph W. Holmes sold 2,570 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $38.26, for a total value of $98,328.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,992 shares of company stock worth $1,093,870. Corporate insiders own 0.67% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. raised its holdings in shares of USG by 20.2% in the 4th quarter. Baird Financial Group Inc. now owns 30,760 shares of the construction company’s stock valued at $1,186,000 after buying an additional 5,160 shares during the period. HAP Trading LLC raised its holdings in shares of USG by 95.2% in the 4th quarter. HAP Trading LLC now owns 42,314 shares of the construction company’s stock valued at $1,632,000 after buying an additional 20,633 shares during the period. Wedbush Securities Inc. purchased a new stake in shares of USG in the 4th quarter valued at $308,000. Virtu Financial LLC purchased a new stake in shares of USG in the 4th quarter valued at $351,000. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of USG by 11.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 74,124 shares of the construction company’s stock valued at $2,858,000 after buying an additional 7,864 shares during the period. Hedge funds and other institutional investors own 85.70% of the company’s stock.

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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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