USG Corporation to Post FY2018 Earnings of $2.10 Per Share, Northcoast Research Forecasts (USG)

USG Corporation (NYSE:USG) – Northcoast Research raised their FY2018 earnings estimates for USG Corporation in a research note issued on Thursday. Northcoast Research analyst K. Hocevar now anticipates that the construction company will post earnings per share of $2.10 for the year, up from their prior forecast of $2.05.

USG has been the topic of a number of other research reports. Robert W. Baird reissued a “hold” rating and issued a $30.00 target price on shares of USG Corporation in a report on Monday, August 28th. ValuEngine raised USG Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. BidaskClub downgraded USG Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. reissued a “neutral” rating and issued a $34.00 target price (up previously from $31.00) on shares of USG Corporation in a report on Monday, October 9th. Finally, Barclays PLC raised USG Corporation from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $28.00 to $26.00 in a report on Sunday, July 30th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.07.

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USG Corporation (NYSE:USG) last issued its earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) 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 Corporation had a net margin of 14.93% and a return on equity of 12.90%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 EPS.

In related news, insider Dominic A. Dannessa sold 5,000 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

Several large investors have recently added to or reduced their stakes in USG. BlackRock Inc. grew 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 purchasing an additional 4,009,572 shares in the last quarter. Janus Capital Management LLC grew 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 purchasing an additional 677,304 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of USG Corporation during the second quarter worth about $5,467,000. Dimensional Fund Advisors LP grew its position in shares of USG Corporation by 9.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,957,572 shares of the construction company’s stock worth $62,251,000 after purchasing an additional 167,321 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of USG Corporation by 1.1% during the first quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock worth $217,404,000 after purchasing an additional 76,843 shares in the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.

About USG Corporation

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 Corporation (NYSE:USG)

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