USG Co. (USG) Expected to Announce Earnings of $0.46 Per Share

Wall Street brokerages expect USG Co. (NYSE:USG) to report $0.46 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for USG’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.59. USG reported earnings of $0.37 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 24.3%. The firm is scheduled to announce its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that USG will report full year earnings of $2.24 per share for the current year, with EPS estimates ranging from $2.03 to $2.55. For the next year, analysts anticipate that the firm will report earnings of $2.68 per share, with EPS estimates ranging from $2.41 to $3.07. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover USG.

USG (NYSE:USG) last announced its quarterly earnings results on Thursday, February 1st. The construction company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.14. The company had revenue of $831.00 million during the quarter, compared to the consensus estimate of $757.57 million. USG had a net margin of 2.96% and a return on equity of 13.36%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share.

A number of equities research analysts have commented on USG shares. Zacks Investment Research raised shares of USG from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Saturday, January 6th. Citigroup lifted their target price on shares of USG from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $36.00 target price (up previously from $26.00) on shares of USG in a research report on Monday, January 22nd. They noted that the move was a valuation call. Barclays lifted their target price on shares of USG from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $36.00 target price on shares of USG in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.62.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in USG. SG Americas Securities LLC purchased a new position in shares of USG during the 3rd quarter valued at $170,000. State of Alaska Department of Revenue purchased a new position in shares of USG during the 4th quarter valued at $196,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of USG by 45.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock valued at $206,000 after buying an additional 1,681 shares in the last quarter. Creative Planning purchased a new position in shares of USG during the 4th quarter valued at $235,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of USG during the 4th quarter valued at $304,000. Institutional investors own 85.37% of the company’s stock.

Shares of USG (NYSE USG) opened at $33.74 on Tuesday. 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 has a 1 year low of $25.60 and a 1 year high of $41.18. The company has a market cap of $4,683.50, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16.

USG declared that its Board of Directors has authorized a stock buyback program on Thursday, February 1st that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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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.

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Earnings History and Estimates for USG (NYSE:USG)

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