USG Co. (NYSE:USG) – SunTrust Banks increased their Q2 2018 EPS estimates for shares of USG in a report issued on Thursday, Zacks Investment Research reports. SunTrust Banks analyst K. Hughes now anticipates that the construction company will earn $0.68 per share for the quarter, up from their previous forecast of $0.57. SunTrust Banks also issued estimates for USG’s Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $2.32 EPS.
Several other analysts have also commented 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 reaffirmed a “hold” rating and issued a $33.00 price target 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 lifted their price objective on USG from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Barclays lifted their price objective on USG from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.62.
Shares of USG (NYSE:USG) traded up $0.11 during trading hours on Monday, hitting $33.41. The stock had a trading volume of 189,743 shares, compared to its average volume of 1,670,310. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.73. The firm has a market cap of $4,755.38, a price-to-earnings ratio of 52.76, a PEG ratio of 1.26 and a beta of 1.16. USG has a one year low of $25.60 and a one year high of $41.18.
USG (NYSE:USG) last announced its quarterly earnings data on Thursday, February 1st. The construction company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.14. USG had a return on equity of 13.36% and a net margin of 2.96%. The company had revenue of $831.00 million for the quarter, compared to analyst estimates of $757.57 million. During the same quarter last year, the firm earned $0.44 EPS. USG’s revenue for the quarter was up 13.2% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USG. Harbor Island Capital LLC bought a new stake in USG in the fourth quarter valued at about $19,471,000. SG Capital Management LLC bought a new stake in USG in the fourth quarter valued at about $8,715,000. Lord Abbett & CO. LLC bought a new stake in USG in the second quarter valued at about $5,467,000. Quantitative Investment Management LLC bought a new stake in USG in the fourth quarter valued at about $3,659,000. Finally, BlackRock Inc. increased its holdings in USG by 2.0% in the fourth quarter. BlackRock Inc. now owns 4,208,210 shares of the construction company’s stock valued at $162,270,000 after purchasing an additional 83,824 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.
In other news, insider Dominic A. Dannessa sold 6,042 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $37.55, for a total transaction of $226,877.10. Following the completion of the sale, the insider now owns 63,255 shares in the company, valued at $2,375,225.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John M. Reale sold 7,535 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $37.89, for a total value of $285,501.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,992 shares of company stock valued at $1,093,870. 0.67% of the stock is currently owned by corporate insiders.
USG declared that its board has initiated a share repurchase plan on Thursday, February 1st that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
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USG Company Profile
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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