Analysts expect that USG Co. (NYSE:USG) will post sales of $888.33 million for the current quarter, Zacks reports. Three analysts have made estimates for USG’s earnings, with the highest sales estimate coming in at $908.00 million and the lowest estimate coming in at $864.00 million. USG posted sales of $831.00 million during the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 7th.
On average, analysts expect that USG will report full-year sales of $3.41 billion for the current financial year, with estimates ranging from $3.37 billion to $3.43 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.59 billion, with estimates ranging from $3.50 billion to $3.64 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover USG.
USG (NYSE:USG) last posted its quarterly earnings results on Thursday, October 25th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.12). USG had a return on equity of 13.93% and a net margin of 2.75%. The business had revenue of $851.00 million during the quarter, compared to analyst estimates of $850.00 million.
USG has been the subject of several recent research reports. Citigroup increased their price target on shares of USG from $43.00 to $44.00 and gave the stock a “$43.10” rating in a research report on Monday, July 23rd. Zacks Investment Research lowered shares of USG from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $41.69.
In other news, insider Brian J. Cook sold 15,000 shares of the stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $42.85, for a total transaction of $642,750.00. Following the sale, the insider now directly owns 49,070 shares of the company’s stock, valued at $2,102,649.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer F. Scanlon sold 32,652 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $42.52, for a total transaction of $1,388,363.04. Following the sale, the insider now directly owns 71,666 shares in the company, valued at $3,047,238.32. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Synovus Financial Corp bought a new stake in shares of USG during the second quarter valued at approximately $129,000. US Bancorp DE boosted its stake in USG by 54.8% in the second quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock valued at $174,000 after acquiring an additional 1,435 shares during the last quarter. Hartford Investment Management Co. bought a new position in USG in the second quarter valued at approximately $231,000. Gideon Capital Advisors Inc. bought a new position in USG in the second quarter valued at approximately $264,000. Finally, Bank of Montreal Can bought a new position in USG in the second quarter valued at approximately $285,000. 79.88% of the stock is currently owned by institutional investors and hedge funds.
NYSE:USG traded down $0.10 during mid-day trading on Wednesday, hitting $42.59. The company’s stock had a trading volume of 626,076 shares, compared to its average volume of 2,043,007. USG has a fifty-two week low of $32.09 and a fifty-two week high of $43.47. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $5.98 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 0.98 and a beta of 0.85.
USG Company Profile
USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.
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