$761.36 Million in Sales Expected for USG Corporation (USG) This Quarter
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.
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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.
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