Analysts expect that USG Co. (NYSE:USG) will announce $759.57 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for USG’s earnings, with estimates ranging from $713.30 million to $775.00 million. USG posted sales of $767.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1%. The business is scheduled to issue its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that USG will report full year sales of $759.57 million for the current fiscal year, with estimates ranging from $3.30 billion to $3.38 billion. For the next financial year, analysts forecast that the company will post sales of $3.52 billion per share, with estimates ranging from $3.45 billion to $3.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover USG.
USG (NYSE:USG) last issued its quarterly earnings results on Thursday, February 1st. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The firm had revenue of $831.00 million for the quarter, compared to analyst estimates of $757.57 million. USG had a return on equity of 13.59% and a net margin of 2.96%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS.
Several equities analysts have recently weighed in on the company. Credit Suisse Group reaffirmed a “hold” rating on shares of USG in a research note on Thursday, March 29th. Nomura lifted their price objective on USG from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Raymond James Financial assumed coverage on USG in a research note on Tuesday, March 13th. They issued an “outperform” rating and a $40.00 price objective on the stock. Zacks Investment Research lowered USG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $36.00 price objective on shares of USG in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. USG presently has an average rating of “Hold” and an average target price of $38.00.
Several large investors have recently made changes to their positions in USG. Harbor Island Capital LLC purchased a new stake in shares of USG during the 4th quarter valued at about $19,471,000. TIAA CREF Investment Management LLC increased its holdings in USG by 13.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,935,844 shares of the construction company’s stock worth $74,646,000 after purchasing an additional 234,245 shares during the last quarter. SG Capital Management LLC purchased a new stake in USG during the 4th quarter worth approximately $8,715,000. Millennium Management LLC increased its holdings in USG by 1,053.5% during the 4th quarter. Millennium Management LLC now owns 169,870 shares of the construction company’s stock worth $6,550,000 after purchasing an additional 155,143 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in USG during the 4th quarter worth approximately $3,659,000. Institutional investors and hedge funds own 82.13% of the company’s stock.
NYSE USG opened at $40.30 on Friday. The stock has a market capitalization of $5,647.90, a PE ratio of 22.39, a PEG ratio of 1.22 and a beta of 1.12. USG has a 1-year low of $25.60 and a 1-year high of $41.18. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.58.
USG announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 1st that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is 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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