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 (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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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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