USG Corp. (NYSE:USG) – Equities research analysts at Jefferies Group lowered their Q4 2016 earnings per share (EPS) estimates for shares of USG Corp. in a research note issued to investors on Thursday. Jefferies Group analyst P. Ng now expects that the firm will earn $0.42 per share for the quarter, down from their previous forecast of $0.47. Jefferies Group currently has a “Hold” rating and a $29.00 target price on the stock. Jefferies Group also issued estimates for USG Corp.’s FY2017 earnings at $2.07 EPS and FY2018 earnings at $2.43 EPS.
USG Corp. (NYSE:USG) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.02. USG Corp. had a return on equity of 21.37% and a net margin of 26.60%. The firm had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis.
Several other research firms have also issued reports on USG. SunTrust Banks Inc. raised their price target on USG Corp. from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Northcoast Research lowered USG Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 31st. Citigroup Inc. assumed coverage on USG Corp. in a research note on Friday, August 26th. They set a “neutral” rating and a $32.00 price objective on the stock. Royal Bank Of Canada raised USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Tuesday, September 13th. Finally, Credit Suisse Group AG reaffirmed a “sell” rating on shares of USG Corp. in a research note on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $32.20.
USG Corp. (NYSE:USG) opened at 26.92 on Monday. USG Corp. has a 52-week low of $15.85 and a 52-week high of $30.84. The firm’s 50-day moving average is $27.36 and its 200 day moving average is $27.02. The stock has a market capitalization of $3.93 billion, a PE ratio of 3.86 and a beta of 1.96.
In related news, VP Kenneth R. Banas sold 1,715 shares of USG Corp. stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $28.00, for a total transaction of $48,020.00. Following the completion of the transaction, the vice president now owns 13,500 shares in the company, valued at $378,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer F. Scanlon sold 9,260 shares of USG Corp. stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $27.13, for a total value of $251,223.80. Following the transaction, the insider now owns 34,432 shares of the company’s stock, valued at approximately $934,140.16. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of USG. Acrospire Investment Management LLC acquired a new position in USG Corp. during the first quarter worth approximately $122,000. Societe Generale purchased a new stake in shares of USG Corp. during the second quarter worth about $165,000. Zions Bancorporation purchased a new stake in shares of USG Corp. during the first quarter worth about $156,000. Meeder Asset Management Inc. purchased a new stake in shares of USG Corp. during the second quarter worth about $182,000. Finally, IFP Advisors Inc boosted its stake in shares of USG Corp. by 51.8% in the second quarter. IFP Advisors Inc now owns 8,735 shares of the company’s stock worth $235,000 after buying an additional 2,982 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.
About USG Corp.
USG Corporation is a manufacturer and distributor of building materials. The Company 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. The Company’s segments include Gypsum, Ceilings, Distribution, and USG Boral Building Products.
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