Analysts Anticipate USG Co. (USG) Will Announce Earnings of $0.54 Per Share

Wall Street analysts expect USG Co. (NYSE:USG) to post earnings per share (EPS) of $0.54 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for USG’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.66. USG reported earnings of $0.53 per share in the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The firm is expected to report its next earnings report on Thursday, February 7th.

On average, analysts expect that USG will report full-year earnings of $2.00 per share for the current year, with EPS estimates ranging from $1.75 to $2.34. For the next financial year, analysts anticipate that the business will report earnings of $2.44 per share, with EPS estimates ranging from $1.99 to $2.95. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover USG.

USG (NYSE:USG) last released its quarterly earnings results on Thursday, October 25th. The construction company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.12). The firm had revenue of $851.00 million for the quarter, compared to the consensus estimate of $850.00 million. USG had a return on equity of 13.93% and a net margin of 2.75%.

A number of equities analysts recently issued reports on USG shares. Citigroup increased their target price on shares of USG from $43.00 to $44.00 and gave the company a “$43.10” rating in a research report on Monday, July 23rd. Zacks Investment Research lowered shares of USG from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $41.69.

USG traded down $0.14 on Monday, reaching $42.64. The company had a trading volume of 71,587 shares, compared to its average volume of 2,092,784. The firm has a market capitalization of $5.98 billion, a PE ratio of 23.68, a P/E/G ratio of 0.98 and a beta of 0.85. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.58. USG has a one year low of $32.09 and a one year high of $43.47.

In other USG news, insider Brian J. Cook sold 15,000 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $42.85, for a total transaction of $642,750.00. Following the completion of the sale, the insider now directly owns 49,070 shares of the company’s stock, valued at $2,102,649.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer F. Scanlon sold 32,652 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $42.52, for a total transaction of $1,388,363.04. Following the sale, the insider now directly owns 71,666 shares of the company’s stock, valued at $3,047,238.32. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Synovus Financial Corp purchased a new stake in USG during the second quarter valued at about $129,000. US Bancorp DE lifted its stake in USG by 54.8% during the second quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock valued at $174,000 after buying an additional 1,435 shares in the last quarter. Hartford Investment Management Co. purchased a new stake in USG during the second quarter valued at about $231,000. Gideon Capital Advisors Inc. purchased a new stake in USG during the second quarter valued at about $264,000. Finally, Bank of Montreal Can purchased a new stake in USG during the second quarter valued at about $285,000. 79.88% of the stock is owned by institutional investors.

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.

Further Reading: Institutional Investors

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Earnings History and Estimates for USG (NYSE:USG)

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