USG Co. (NYSE:USG) – Equities researchers at Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for shares of USG in a report issued on Wednesday. Jefferies Group analyst P. Ng now expects that the construction company will post earnings per share of $0.50 for the quarter, up from their previous forecast of $0.46. Jefferies Group 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 has been the topic of a number of other reports. Citigroup reiterated a “neutral” rating and set a $34.00 price objective (up from $31.00) on shares of USG in a research note on Monday, October 9th. Barclays upgraded USG from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $31.00 to $43.00 in a research note on Friday, January 5th. Zacks Investment Research upgraded USG from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Macquarie boosted their price objective on USG from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Finally, Robert W. Baird upgraded USG from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $35.00 to $45.00 in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $35.64.

USG (NYSE:USG) traded up $0.08 during trading hours on Friday, hitting $39.33. The company had a trading volume of 58,770 shares, compared to its average volume of 1,303,075. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.73 and a current ratio of 2.37. USG has a 12 month low of $25.60 and a 12 month high of $41.18. The company has a market cap of $5,550.00, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21.

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

In other USG news, insider Joseph W. Holmes sold 2,570 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was 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 can be accessed through this link. Also, insider Brian J. Cook sold 30,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $34.58, for a total value of $1,037,400.00. Following the completion of the transaction, the insider now owns 84,538 shares in the company, valued at $2,923,324.04. The disclosure for this sale can be found here. Insiders sold a total of 58,992 shares of company stock worth $2,131,270 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

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

TRADEMARK VIOLATION NOTICE: “Jefferies Group Weighs in on USG Co.’s Q1 2018 Earnings (USG)” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.dailypolitical.com/2018/01/19/jefferies-group-weighs-in-on-usg-co-s-q1-2018-earnings-usg.html.

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.

Earnings History and Estimates for USG (NYSE:USG)

Receive News & Ratings for USG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USG and related companies with MarketBeat.com's FREE daily email newsletter.