Wall Street brokerages forecast that USG Co. (NYSE:USG) will post $854.32 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for USG’s earnings. The lowest sales estimate is $843.00 million and the highest is $866.60 million. USG posted sales of $795.00 million during the same quarter last year, which suggests a positive year over year growth rate of 7.5%. The firm is scheduled to issue its next earnings results on Thursday, October 25th.

According to Zacks, 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 $3.44 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.58 billion per share, 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 that provide coverage for USG.

USG (NYSE:USG) last announced its quarterly earnings data on Wednesday, July 25th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.11). The firm had revenue of $880.00 million for 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 quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of USG from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Barclays lowered shares of USG from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $41.00 to $44.00 in a report on Tuesday, June 12th. Citigroup raised their price objective on shares of USG from $43.00 to $44.00 and gave the stock a “$43.10” rating in a report on Monday, July 23rd. Raymond James lowered shares of USG from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 12th. Finally, Credit Suisse Group set a $44.00 price target on shares of USG and gave the stock a “hold” rating in a research report on Monday, June 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.69.

In other USG news, SVP Joseph W. Holmes sold 7,831 shares of USG stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $43.17, for a total value of $338,064.27. Following the completion of the sale, the senior vice president now directly owns 25,768 shares in the company, valued at $1,112,404.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer F. Scanlon sold 53,220 shares of USG stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $43.06, for a total transaction of $2,291,653.20. Following the completion of the sale, the chief executive officer now owns 106,859 shares of the company’s stock, valued at $4,601,348.54. The disclosure for this sale can be found here. Insiders have sold 293,033 shares of company stock worth $12,618,681 over the last ninety days. 0.66% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of USG. FMR LLC acquired a new stake in shares of USG in the second quarter worth $120,374,000. JPMorgan Chase & Co. increased its position in USG by 30.0% during the first quarter. JPMorgan Chase & Co. now owns 4,530,848 shares of the construction company’s stock worth $183,138,000 after acquiring an additional 1,044,908 shares during the period. Water Island Capital LLC bought a new position in USG during the second quarter worth $40,059,000. Gardner Lewis Asset Management L P bought a new position in USG during the second quarter worth $37,240,000. Finally, Natixis increased its position in USG by 688.3% during the second quarter. Natixis now owns 868,387 shares of the construction company’s stock worth $37,445,000 after acquiring an additional 758,223 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

NYSE:USG traded up $0.02 during trading hours on Friday, reaching $43.19. 413,000 shares of the company were exchanged, compared to its average volume of 1,456,401. The company has a quick ratio of 1.69, a current ratio of 2.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $6.01 billion, a P/E ratio of 23.98, a P/E/G ratio of 0.95 and a beta of 0.94. USG has a 52-week low of $29.28 and a 52-week high of $43.47.

About USG

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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