Jefferies Group Weighs in on USG Co.’s Q1 2018 Earnings (USG)

USG Co. (NYSE:USG) – Equities research analysts at Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for USG in a note issued to investors on Wednesday. Jefferies Group analyst P. Ng now anticipates that the construction company will earn $0.50 per share for the quarter, up from their previous estimate of $0.46. Jefferies Group currently has a “Hold” rating and a $39.00 price objective on the stock. Jefferies Group also issued estimates for USG’s Q2 2018 earnings at $0.63 EPS.

USG (NYSE:USG) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $790.54 million. USG had a return on equity of 12.90% and a net margin of 14.93%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS.

A number of other equities research analysts also recently issued reports on USG. ValuEngine upgraded USG from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. SunTrust Banks downgraded USG from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research note on Monday, October 2nd. They noted that the move was a valuation call. Citigroup restated a “neutral” rating and set a $34.00 price target (up from $31.00) on shares of USG in a research note on Monday, October 9th. Robert W. Baird boosted their price target on USG from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded USG from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. USG has an average rating of “Hold” and an average target price of $35.64.

Shares of USG (USG) opened at $39.14 on Friday. The stock has a market capitalization of $5,540.00, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. USG has a 52 week low of $25.60 and a 52 week high of $41.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.73 and a current ratio of 2.37.

Several large investors have recently made changes to their positions in USG. SG Americas Securities LLC bought a new position in USG in the 3rd quarter worth approximately $170,000. State of Alaska Department of Revenue bought a new position in USG in the 4th quarter worth approximately $196,000. Creative Planning bought a new position in USG in the 4th quarter worth approximately $235,000. Fox Run Management L.L.C. bought a new position in USG in the 4th quarter worth approximately $304,000. Finally, Beck Capital Management LLC bought a new position in USG in the 3rd quarter worth approximately $327,000. Institutional investors own 85.78% of the company’s stock.

In related news, insider Joseph W. Holmes sold 2,570 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $38.26, for a total transaction of $98,328.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer F. Scanlon sold 6,045 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $37.54, for a total value of $226,929.30. Following the transaction, the chief executive officer now owns 85,429 shares of the company’s stock, valued at $3,207,004.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,992 shares of company stock valued at $2,131,270. 0.67% of the stock is currently owned by corporate insiders.

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About USG

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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