Brokerages Expect USG Co. (USG) Will Announce Earnings of $0.54 Per Share
Equities analysts expect USG Co. (NYSE:USG) to announce $0.54 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for USG’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.48. USG posted earnings of $0.53 per share during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The business is expected to announce its next earnings report on Thursday, February 7th.
According to Zacks, analysts expect that USG will report full-year earnings of $2.00 per share for the current year, with EPS estimates ranging from $1.75 to $2.34. For the next year, analysts anticipate that the business will report earnings of $2.44 per share, with EPS estimates ranging from $1.99 to $2.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover USG.
USG (NYSE:USG) last posted its quarterly earnings data on Thursday, October 25th. The construction company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.12). The business had revenue of $851.00 million during the quarter, compared to analysts’ expectations of $850.00 million. USG had a net margin of 2.75% and a return on equity of 13.93%.
Shares of USG stock traded down $0.10 on Monday, reaching $42.59. The company’s stock had a trading volume of 626,076 shares, compared to its average volume of 2,043,007. The stock has a market capitalization of $5.98 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 0.98 and a beta of 0.85. USG has a 52-week low of $32.09 and a 52-week high of $43.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.10 and a quick ratio of 1.52.
In related news, insider Jennifer F. Scanlon sold 32,652 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $42.52, for a total transaction of $1,388,363.04. Following the completion of the sale, the insider now directly owns 71,666 shares in the company, valued at $3,047,238.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian J. Cook sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $42.85, for a total value of $642,750.00. Following the sale, the insider now owns 49,070 shares of the company’s stock, valued at $2,102,649.50. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the business. Raymond James & Associates grew its holdings in USG by 8.4% in the 2nd quarter. Raymond James & Associates now owns 16,614 shares of the construction company’s stock valued at $716,000 after buying an additional 1,291 shares in the last quarter. US Bancorp DE grew its holdings in USG by 54.8% in the 2nd quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock valued at $174,000 after buying an additional 1,435 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in USG by 19.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,028 shares of the construction company’s stock valued at $476,000 after buying an additional 1,765 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in USG by 39.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,360 shares of the construction company’s stock valued at $403,000 after buying an additional 2,670 shares in the last quarter. Finally, Synovus Financial Corp purchased a new stake in USG in the 2nd quarter valued at $129,000. Institutional investors own 79.88% of the company’s stock.
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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