USG Corporation (NYSE:USG) – Northcoast Research decreased their Q3 2017 EPS estimates for shares of USG Corporation in a research note issued to investors on Tuesday, Zacks Investment Research reports. Northcoast Research analyst K. Hocevar now expects that the construction company will post earnings per share of $0.44 for the quarter, down from their previous estimate of $0.46. Northcoast Research also issued estimates for USG Corporation’s Q4 2017 earnings at $0.40 EPS.
A number of other equities research analysts have also weighed in on USG. TheStreet lowered USG Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 17th. Barclays PLC boosted their price target on USG Corporation from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. SunTrust Banks, Inc. lowered USG Corporation from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research note on Monday, October 2nd. They noted that the move was a valuation call. Bank of America Corporation lowered USG Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, October 27th. Finally, J P Morgan Chase & Co boosted their price target on USG Corporation from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. USG Corporation presently has a consensus rating of “Hold” and a consensus price target of $32.07.
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Shares of USG Corporation (NYSE:USG) traded up $0.45 during trading on Thursday, reaching $33.91. 1,818,600 shares of the company’s stock were exchanged, compared to its average volume of 1,660,380. USG Corporation has a fifty-two week low of $25.60 and a fifty-two week high of $35.02. The company has a market capitalization of $4,733.74, a P/E ratio of 19.45, a PEG ratio of 1.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.73.
USG Corporation (NYSE:USG) last announced its earnings results on Thursday, October 26th. The construction company reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $790.54 million. USG Corporation had a net margin of 14.93% and a return on equity of 12.90%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the business. Somerset Trust Co boosted its position in USG Corporation by 0.7% in the 2nd quarter. Somerset Trust Co now owns 16,900 shares of the construction company’s stock worth $491,000 after purchasing an additional 116 shares in the last quarter. Amalgamated Bank boosted its position in USG Corporation by 3.4% in the 1st quarter. Amalgamated Bank now owns 12,516 shares of the construction company’s stock worth $398,000 after purchasing an additional 406 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in USG Corporation by 0.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 90,586 shares of the construction company’s stock worth $2,881,000 after purchasing an additional 447 shares in the last quarter. California Public Employees Retirement System boosted its position in USG Corporation by 0.4% in the 1st quarter. California Public Employees Retirement System now owns 165,300 shares of the construction company’s stock worth $5,257,000 after purchasing an additional 600 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of USG Corporation by 3.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 18,769 shares of the construction company’s stock worth $545,000 after buying an additional 631 shares during the period. Institutional investors and hedge funds own 86.12% of the company’s stock.
In other USG Corporation news, insider Brian J. Cook sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 84,538 shares in the company, valued at approximately $2,923,324.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dominic A. Dannessa sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $32.41, for a total value of $162,050.00. Following the completion of the sale, the insider now owns 61,713 shares in the company, valued at approximately $2,000,118.33. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.
About USG Corporation
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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