USG Co. (NYSE:USG) – Equities researchers at SunTrust Banks reduced their Q4 2018 earnings per share (EPS) estimates for USG in a note issued to investors on Monday, July 9th. SunTrust Banks analyst K. Hughes now anticipates that the construction company will earn $0.56 per share for the quarter, down from their previous estimate of $0.61. SunTrust Banks has a “Hold” rating and a $44.00 price objective on the stock.
USG (NYSE:USG) last released its quarterly earnings data on Wednesday, April 25th. The construction company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.09). The company had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $768.37 million. USG had a return on equity of 13.36% and a net margin of 2.39%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS.
A number of other brokerages also recently issued reports on USG. Buckingham Research boosted their price target on USG from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, June 13th. Raymond James downgraded USG from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 12th. Barclays downgraded USG from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $41.00 to $44.00 in a report on Tuesday, June 12th. Credit Suisse Group set a $44.00 price target on USG and gave the company a “hold” rating in a report on Monday, June 11th. Finally, Robert W. Baird downgraded USG from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $40.79.
USG opened at $43.20 on Wednesday, according to Marketbeat. The stock has a market capitalization of $6.04 billion, a PE ratio of 24.57, a P/E/G ratio of 0.90 and a beta of 1.04. The company has a current ratio of 2.39, a quick ratio of 1.75 and a debt-to-equity ratio of 0.59. USG has a 12 month low of $25.60 and a 12 month high of $43.40.
In other USG news, insider Brian J. Cook sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $41.35, for a total transaction of $620,250.00. Following the transaction, the insider now owns 78,925 shares in the company, valued at approximately $3,263,548.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its holdings in shares of USG by 39.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,360 shares of the construction company’s stock worth $403,000 after acquiring an additional 2,670 shares during the period. Swiss National Bank grew its holdings in shares of USG by 2.0% during the 1st quarter. Swiss National Bank now owns 162,100 shares of the construction company’s stock worth $6,552,000 after acquiring an additional 3,200 shares during the period. Adalta Capital Management LLC grew its holdings in shares of USG by 3.5% during the 1st quarter. Adalta Capital Management LLC now owns 95,885 shares of the construction company’s stock worth $3,876,000 after acquiring an additional 3,200 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of USG during the 1st quarter worth approximately $132,000. Finally, Baird Financial Group Inc. grew its holdings in shares of USG by 11.3% during the 1st quarter. Baird Financial Group Inc. now owns 34,245 shares of the construction company’s stock worth $1,384,000 after acquiring an additional 3,485 shares during the period. Hedge funds and other institutional investors own 78.70% of the company’s stock.
USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.
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