Jefferies Group Analysts Lift Earnings Estimates for USG Co. (USG)

USG Co. (NYSE:USG) – Equities researchers at Jefferies Group raised their Q3 2018 earnings estimates for shares of USG in a note issued to investors on Wednesday. Jefferies Group analyst P. Ng now anticipates that the construction company will post earnings of $0.70 per share for the quarter, up from their prior estimate of $0.64. Jefferies Group currently has a “Hold” rating and a $39.00 price target on the stock. Jefferies Group also issued estimates for USG’s Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $2.38 EPS and FY2019 earnings at $2.71 EPS.

USG (NYSE:USG) last announced its quarterly earnings data on Thursday, October 26th. The construction company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $790.54 million. USG had a return on equity of 12.90% and a net margin of 14.93%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share.

USG has been the topic of a number of other reports. Citigroup reissued a “neutral” rating and issued a $34.00 price objective (up from $31.00) on shares of USG in a report on Monday, October 9th. Barclays raised USG from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $43.00 in a report on Friday, January 5th. Zacks Investment Research raised USG from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine lowered USG from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Macquarie increased their price objective on USG from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. USG presently has a consensus rating of “Hold” and an average price target of $35.64.

Shares of USG (NYSE USG) traded up $0.08 during mid-day trading on Thursday, hitting $39.38. The stock had a trading volume of 176,025 shares, compared to its average volume of 1,356,318. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $5,570.00, a price-to-earnings ratio of 29.61, a PEG ratio of 1.47 and a beta of 1.21. USG has a fifty-two week low of $25.60 and a fifty-two week high of $41.18.

In related news, insider Brian J. Cook sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $34.58, for a total transaction of $1,037,400.00. Following the sale, the insider now directly owns 84,538 shares of the company’s stock, valued at $2,923,324.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dominic A. Dannessa sold 6,042 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $37.55, for a total value of $226,877.10. Following the sale, the insider now directly owns 63,255 shares in the company, valued at $2,375,225.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,992 shares of company stock worth $2,131,270. 0.67% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC purchased a new position in USG during the second quarter worth approximately $5,467,000. Schwab Charles Investment Management Inc. boosted its position in USG by 6.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 505,799 shares of the construction company’s stock worth $19,504,000 after purchasing an additional 30,738 shares in the last quarter. Beck Capital Management LLC purchased a new position in USG during the third quarter worth approximately $327,000. Creative Planning purchased a new position in USG during the fourth quarter worth approximately $235,000. Finally, SG Americas Securities LLC purchased a new position in USG during the third quarter worth approximately $170,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

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USG Company Profile

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.

Earnings History and Estimates for USG (NYSE:USG)

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