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