Equities analysts predict that USG Co. (NYSE:USG) will post earnings per share (EPS) of $0.44 for the current quarter, according to Zacks. Five analysts have issued estimates for USG’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.48. USG posted earnings per share of $0.37 during the same quarter last year, which indicates a positive year over year growth rate of 18.9%. The firm is expected to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that USG will report full year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.44. For the next financial year, analysts expect that the business will post earnings of $2.68 per share, with EPS estimates ranging from $2.41 to $3.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for USG.
USG (NYSE:USG) last posted its quarterly earnings results on Thursday, February 1st. The construction company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14. USG had a net margin of 9.03% and a return on equity of 15.72%. The business had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $757.57 million. During the same quarter in the prior year, the company posted $0.44 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis.
USG (NYSE:USG) traded down $0.53 during trading on Thursday, hitting $32.89. 715,849 shares of the stock traded hands, compared to its average volume of 1,590,000. USG has a twelve month low of $25.60 and a twelve month high of $41.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.78 and a current ratio of 2.39. The stock has a market cap of $4,640.00, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.16.
USG declared that its Board of Directors has approved a stock repurchase program on Thursday, February 1st that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other news, insider Joseph W. Holmes sold 2,570 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $38.26, for a total value of $98,328.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jennifer F. Scanlon sold 6,045 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $37.54, for a total transaction of $226,929.30. Following the completion of the transaction, the chief executive officer now owns 85,429 shares in the company, valued at $3,207,004.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,667 shares of company stock worth $968,817. Company insiders own 0.67% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of USG in the 4th quarter worth approximately $160,000. State of Alaska Department of Revenue acquired a new position in shares of USG in the 4th quarter worth approximately $196,000. SG Americas Securities LLC acquired a new position in shares of USG in the 3rd quarter worth approximately $170,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in USG by 45.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock worth $206,000 after buying an additional 1,681 shares in the last quarter. Finally, Creative Planning acquired a new stake in USG during the 4th quarter worth approximately $235,000. Hedge funds and other institutional investors own 85.79% of the company’s stock.
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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.
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