$851.25 Million in Sales Expected for USG Co. (USG) This Quarter
Equities analysts expect USG Co. (NYSE:USG) to post $851.25 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for USG’s earnings, with the highest sales estimate coming in at $857.00 million and the lowest estimate coming in at $843.00 million. USG posted sales of $795.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The firm is scheduled to issue its next earnings report on Thursday, October 25th.
On average, analysts expect that USG will report full year sales of $3.40 billion for the current year, with estimates ranging from $3.37 billion to $3.43 billion. For the next financial year, analysts anticipate that the company will post sales of $3.57 billion, with estimates ranging from $3.50 billion to $3.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for USG.
USG (NYSE:USG) last announced its quarterly earnings results on Wednesday, July 25th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.11). The company had revenue of $880.00 million during the quarter, compared to analysts’ expectations of $876.21 million. USG had a net margin of 3.01% and a return on equity of 13.87%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS.
NYSE USG traded up $0.07 during trading hours on Friday, reaching $42.89. The company’s stock had a trading volume of 33,877 shares, compared to its average volume of 1,396,238. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 0.95 and a beta of 0.85. USG has a fifty-two week low of $31.83 and a fifty-two week high of $43.47. The company has a current ratio of 2.34, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58.
The firm also recently disclosed a dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 3rd.
In other USG news, SVP Joseph W. Holmes sold 7,831 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $43.17, for a total transaction of $338,064.27. Following the sale, the senior vice president now directly owns 25,768 shares of the company’s stock, valued at approximately $1,112,404.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher D. Macey sold 1,357 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $43.01, for a total transaction of $58,364.57. Following the sale, the senior vice president now directly owns 11,114 shares in the company, valued at $478,013.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 293,033 shares of company stock worth $12,618,681. 0.66% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Synovus Financial Corp acquired a new stake in shares of USG during the 2nd quarter worth about $129,000. US Bancorp DE lifted its holdings in shares of USG by 54.8% during the 2nd quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock worth $174,000 after acquiring an additional 1,435 shares during the period. Cerebellum GP LLC purchased a new position in shares of USG during the 2nd quarter worth about $178,000. Mount Yale Investment Advisors LLC purchased a new position in shares of USG during the 1st quarter worth about $187,000. Finally, Hartford Investment Management Co. purchased a new position in shares of USG during the 2nd quarter worth about $231,000. 80.08% of the stock is currently owned by institutional investors.
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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