Zacks: Brokerages Expect USG Corporation (USG) to Announce $0.49 Earnings Per Share

Wall Street analysts expect USG Corporation (NYSE:USG) to post $0.49 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for USG Corporation’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.42. USG Corporation reported earnings of $0.46 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, October 24th.

On average, analysts expect that USG Corporation will report full year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.58 to $1.80. For the next financial year, analysts forecast that the firm will report earnings of $2.06 per share, with EPS estimates ranging from $1.96 to $2.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow USG Corporation.

USG Corporation (NYSE:USG) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). The firm had revenue of $811.00 million for the quarter, compared to analyst estimates of $809.44 million. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share.

Several brokerages recently commented on USG. Jefferies Group LLC reaffirmed a “hold” rating on shares of USG Corporation in a research note on Wednesday, July 19th. Robert W. Baird boosted their price target on USG Corporation from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday. CL King lowered USG Corporation from a “strong-buy” rating to a “neutral” rating in a research note on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $31.00 price target (up previously from $28.00) on shares of USG Corporation in a research note on Monday, September 18th. Finally, ValuEngine lowered USG Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.93.

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USG Corporation (USG) traded down 0.436% during midday trading on Tuesday, hitting $33.095. The company had a trading volume of 143,090 shares. The company’s 50 day moving average is $31.04 and its 200-day moving average is $29.64. The company has a market cap of $4.75 billion, a P/E ratio of 10.618 and a beta of 1.00. USG Corporation has a one year low of $23.71 and a one year high of $34.67.

In other news, insider Dominic A. Dannessa sold 5,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $32.41, for a total transaction of $162,050.00. Following the completion of the sale, the insider now owns 61,713 shares in the company, valued at $2,000,118.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.67% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in USG. BlackRock Inc. raised its position in shares of USG Corporation by 14,864.0% during the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock worth $128,363,000 after acquiring an additional 4,009,572 shares during the last quarter. Bank of America Corp DE raised its position in shares of USG Corporation by 95.8% during the first quarter. Bank of America Corp DE now owns 3,579,696 shares of the construction company’s stock worth $113,834,000 after acquiring an additional 1,751,530 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of USG Corporation by 94.2% during the first quarter. Macquarie Group Ltd. now owns 2,086,225 shares of the construction company’s stock worth $66,342,000 after acquiring an additional 1,011,813 shares during the last quarter. Janus Capital Management LLC raised its position in shares of USG Corporation by 1,445.9% during the first quarter. Janus Capital Management LLC now owns 724,146 shares of the construction company’s stock worth $23,028,000 after acquiring an additional 677,304 shares during the last quarter. Finally, Gotham Asset Management LLC raised its position in shares of USG Corporation by 127.6% during the first quarter. Gotham Asset Management LLC now owns 907,428 shares of the construction company’s stock worth $28,856,000 after acquiring an additional 508,751 shares during the last quarter. Institutional investors own 87.01% of the company’s stock.

USG Corporation 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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Earnings History and Estimates for USG Corporation (NYSE:USG)

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