Equities analysts predict that USG Corporation (NYSE:USG) will report sales of $761.36 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for USG Corporation’s earnings. The lowest sales estimate is $752.30 million and the highest is $767.48 million. USG Corporation reported sales of $734.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The company is scheduled to report its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that USG Corporation will report full year sales of $761.36 million for the current fiscal year, with estimates ranging from $3.13 billion to $3.14 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.30 billion per share, with estimates ranging from $3.27 billion to $3.39 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for USG Corporation.

USG Corporation (NYSE:USG) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. USG Corporation had a return on equity of 12.90% and a net margin of 14.93%. The company had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $790.54 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis.

A number of research firms have recently weighed in on USG. Jefferies Group LLC restated a “hold” rating on shares of USG Corporation in a research report on Wednesday, July 19th. Stifel Nicolaus restated a “hold” rating and set a $31.00 price objective (up from $28.00) on shares of USG Corporation in a research report on Monday, September 18th. CL King downgraded shares of USG Corporation from a “strong-buy” rating to a “neutral” rating in a research report on Monday, July 24th. ValuEngine downgraded shares of USG Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, TheStreet downgraded shares of USG Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. USG Corporation has an average rating of “Hold” and a consensus price target of $32.07.

In other USG Corporation news, insider Brian J. Cook sold 30,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $34.58, for a total transaction of $1,037,400.00. Following the sale, the insider now owns 84,538 shares of the company’s stock, valued at $2,923,324.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dominic A. Dannessa sold 5,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $32.41, for a total transaction of $162,050.00. Following the sale, the insider now directly owns 61,713 shares in the company, valued at approximately $2,000,118.33. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in USG. Teachers Advisors LLC boosted its position in shares of USG Corporation by 9.7% during the 1st quarter. Teachers Advisors LLC now owns 457,070 shares of the construction company’s stock worth $14,535,000 after purchasing an additional 40,312 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of USG Corporation by 0.4% during the 1st quarter. California Public Employees Retirement System now owns 165,300 shares of the construction company’s stock worth $5,257,000 after purchasing an additional 600 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of USG Corporation by 251.8% in the 1st quarter. Legal & General Group Plc now owns 29,047 shares of the construction company’s stock worth $924,000 after acquiring an additional 20,790 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of USG Corporation by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock worth $217,404,000 after acquiring an additional 76,843 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of USG Corporation by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 681,611 shares of the construction company’s stock worth $21,675,000 after acquiring an additional 26,824 shares during the last quarter. 85.80% of the stock is currently owned by institutional investors.

USG Corporation (NYSE:USG) traded down $0.37 during midday trading on Tuesday, hitting $34.08. 914,509 shares of the stock were exchanged, compared to its average volume of 1,553,299. The company has a market cap of $4,803.06, a price-to-earnings ratio of 19.74 and a beta of 1.17.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.watchlistnews.com/761-36-million-in-sales-expected-for-usg-corporation-usg-this-quarter/1676500.html.

About USG Corporation

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.

Get a free copy of the Zacks research report on USG Corporation (USG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for USG Corporation (NYSE:USG)

Receive News & Ratings for USG Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USG Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.