Analysts expect USG Co. (NYSE:USG) to announce $854.32 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for USG’s earnings, with the highest sales estimate coming in at $866.60 million and the lowest estimate coming in at $843.00 million. USG reported sales of $795.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The firm is expected to report its next quarterly earnings report on Thursday, October 25th.

According to Zacks, analysts expect that USG will report full-year sales of $3.40 billion for the current financial year, with estimates ranging from $3.37 billion to $3.44 billion. For the next financial year, analysts expect that the firm will report sales of $3.58 billion per share, with estimates ranging from $3.50 billion to $3.64 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover USG.

USG (NYSE:USG) last announced its earnings results on Wednesday, July 25th. The construction company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.11). USG had a net margin of 3.01% and a return on equity of 13.87%. The company had revenue of $880.00 million during the quarter, compared to the consensus estimate of $876.21 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis.

A number of research firms have issued reports on USG. Barclays cut USG from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $41.00 to $44.00 in a report on Tuesday, June 12th. Credit Suisse Group set a $44.00 price target on USG and gave the stock a “hold” rating in a report on Monday, June 11th. ValuEngine cut USG from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Raymond James cut USG from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 12th. Finally, Buckingham Research increased their price target on USG from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, June 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.69.

In other news, insider Matthew F. Hilzinger sold 34,300 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $43.03, for a total transaction of $1,475,929.00. Following the transaction, the insider now directly owns 59,895 shares of the company’s stock, valued at $2,577,281.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph W. Holmes sold 7,831 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $43.17, for a total value of $338,064.27. Following the transaction, the senior vice president now directly owns 25,768 shares in the company, valued at $1,112,404.56. The disclosure for this sale can be found here. Insiders have sold a total of 293,033 shares of company stock worth $12,618,681 over the last 90 days. Company insiders own 0.66% of the company’s stock.

Several large investors have recently modified their holdings of the company. FMR LLC acquired a new position in shares of USG during the second quarter worth approximately $120,374,000. Public Employees Retirement System of Ohio raised its position in shares of USG by 10.3% during the second quarter. Public Employees Retirement System of Ohio now owns 35,230 shares of the construction company’s stock worth $1,519,000 after purchasing an additional 3,279 shares during the period. Bank of Nova Scotia acquired a new position in shares of USG during the second quarter worth approximately $20,482,000. California Public Employees Retirement System raised its position in shares of USG by 10.8% during the second quarter. California Public Employees Retirement System now owns 226,430 shares of the construction company’s stock worth $9,764,000 after purchasing an additional 22,153 shares during the period. Finally, Putnam Investments LLC acquired a new position in shares of USG during the second quarter worth approximately $517,000. 80.09% of the stock is currently owned by institutional investors.

Shares of USG stock opened at $43.11 on Friday. USG has a one year low of $29.28 and a one year high of $43.47. The company has a market capitalization of $6.01 billion, a P/E ratio of 23.95, a P/E/G ratio of 0.94 and a beta of 0.94. The company has a current ratio of 2.34, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58.

USG Company Profile

USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.

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Earnings History and Estimates for USG (NYSE:USG)

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