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.
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.
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.
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