USG Co. (NYSE:USG) – Equities researchers at Northcoast Research issued their Q1 2018 earnings per share (EPS) estimates for shares of USG in a research note issued on Friday, Zacks Investment Research reports. Northcoast Research analyst K. Hocevar anticipates that the construction company will post earnings per share of $0.42 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.
USG (NYSE:USG) last released its quarterly earnings results on Thursday, February 1st. The construction company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.14. USG had a return on equity of 13.59% and a net margin of 2.96%. The business had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $757.57 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year.
USG has been the topic of several other research reports. JPMorgan Chase & Co. boosted their price target on USG from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Credit Suisse Group reiterated an “underperform” rating and issued a $36.00 price target (up previously from $26.00) on shares of USG in a research note on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded USG from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Saturday, January 6th. Citigroup boosted their price target on USG from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, Macquarie upped their price objective on USG from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Three equities research 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. The stock has an average rating of “Hold” and a consensus target price of $37.62.
USG (NYSE:USG) traded down $0.10 during trading hours on Monday, hitting $33.68. The company had a trading volume of 160,610 shares, compared to its average volume of 1,574,076. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.78 and a current ratio of 2.39. USG has a fifty-two week low of $25.60 and a fifty-two week high of $41.18. The firm has a market capitalization of $4,827.26, a PE ratio of 53.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16.
USG declared that its board has approved a stock buyback plan on Thursday, February 1st that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
In other news, insider Joseph W. Holmes sold 2,570 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $38.26, for a total transaction of $98,328.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher D. Macey sold 3,325 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $37.61, for a total value of $125,053.25. The disclosure for this sale can be found here. Insiders have sold 28,992 shares of company stock worth $1,093,870 in the last 90 days. 0.67% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of USG. Captrust Financial Advisors bought a new position in shares of USG during the fourth quarter valued at approximately $160,000. SG Americas Securities LLC bought a new position in shares of USG during the third quarter valued at approximately $170,000. State of Alaska Department of Revenue bought a new position in shares of USG during the fourth quarter valued at approximately $196,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of USG by 45.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock valued at $206,000 after purchasing an additional 1,681 shares during the last quarter. Finally, Creative Planning bought a new position in shares of USG during the fourth quarter valued at approximately $235,000. 85.79% of the stock is owned by institutional investors.
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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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