Zacks: Brokerages Anticipate USG Corporation (USG) Will Post Earnings of $0.49 Per Share
Analysts predict that USG Corporation (NYSE:USG) will announce $0.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have made estimates for USG Corporation’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.56. USG Corporation posted earnings of $0.46 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The firm is expected to report its next earnings results on Tuesday, October 24th.
On average, analysts expect that USG Corporation will report full-year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.58 to $1.80. For the next fiscal year, analysts expect that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.96 to $2.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover USG Corporation.
USG Corporation (NYSE:USG) last issued its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.07). USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The business had revenue of $811.00 million during the quarter, compared to analyst estimates of $809.44 million. During the same quarter last year, the firm earned $0.46 EPS. USG Corporation’s revenue for the quarter was up 5.5% compared to the same quarter last year.
A number of equities analysts have recently commented on USG shares. Robert W. Baird restated a “hold” rating and issued a $30.00 price objective on shares of USG Corporation in a research report on Monday, August 28th. Citigroup Inc. restated a “neutral” rating and issued a $34.00 price objective (up from $31.00) on shares of USG Corporation in a research report on Monday. CL King lowered shares of USG Corporation from a “strong-buy” rating to a “neutral” rating in a research report on Monday, July 24th. BidaskClub upgraded shares of USG Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Credit Suisse Group started coverage on shares of USG Corporation in a research report on Thursday, June 22nd. They issued an “underperform” rating and a $24.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.71.
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In related news, insider Dominic A. Dannessa sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $32.41, for a total value of $162,050.00. Following the sale, the insider now directly owns 61,713 shares of the company’s stock, valued at $2,000,118.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.67% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in USG Corporation by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock valued at $217,404,000 after purchasing an additional 76,843 shares in the last quarter. BlackRock Inc. raised its stake in USG Corporation by 14,864.0% in the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock valued at $128,363,000 after purchasing an additional 4,009,572 shares in the last quarter. Bank of America Corp DE raised its stake in USG Corporation by 95.8% in the first quarter. Bank of America Corp DE now owns 3,579,696 shares of the construction company’s stock valued at $113,834,000 after purchasing an additional 1,751,530 shares in the last quarter. Macquarie Group Ltd. raised its stake in USG Corporation by 94.2% in the first quarter. Macquarie Group Ltd. now owns 2,086,225 shares of the construction company’s stock valued at $66,342,000 after purchasing an additional 1,011,813 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in USG Corporation by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,957,572 shares of the construction company’s stock valued at $62,251,000 after purchasing an additional 167,321 shares in the last quarter. 87.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of USG Corporation (NYSE:USG) traded down 0.46% during mid-day trading on Tuesday, reaching $32.81. 400,051 shares of the company’s stock traded hands. The firm has a 50-day moving average of $30.46 and a 200 day moving average of $29.60. The company has a market cap of $4.71 billion, a P/E ratio of 10.53 and a beta of 1.00. USG Corporation has a 12-month low of $23.71 and a 12-month high of $34.67.
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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