USG Co. (NYSE:USG) – Northcoast Research dropped their FY2018 earnings estimates for shares of USG in a report released on Thursday, October 25th, Zacks Investment Research reports. Northcoast Research analyst K. Hocevar now expects that the construction company will post earnings of $1.75 per share for the year, down from their previous estimate of $2.10. Northcoast Research also issued estimates for USG’s FY2019 earnings at $2.22 EPS.
Separately, Zacks Investment Research cut USG from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. USG currently has an average rating of “Hold” and a consensus price target of $42.17.
Shares of USG stock traded down $0.01 during mid-day trading on Monday, hitting $42.76. 701,014 shares of the company’s stock were exchanged, compared to its average volume of 1,698,064. USG has a fifty-two week low of $32.09 and a fifty-two week high of $43.47. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 0.97 and a beta of 0.85. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.58.
USG (NYSE:USG) last posted its quarterly earnings data on Thursday, October 25th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.12). USG had a return on equity of 13.93% and a net margin of 2.75%. The business had revenue of $851.00 million for the quarter, compared to analyst estimates of $850.00 million.
In other USG news, insider Brian J. Cook sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $42.85, for a total value of $642,750.00. Following the transaction, the insider now directly owns 49,070 shares of the company’s stock, valued at $2,102,649.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer F. Scanlon sold 32,652 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $42.52, for a total value of $1,388,363.04. Following the completion of the transaction, the insider now directly owns 71,666 shares in the company, valued at $3,047,238.32. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Synovus Financial Corp purchased a new position in USG in the second quarter valued at about $129,000. Ancora Advisors LLC purchased a new position in USG in the third quarter valued at about $130,000. US Bancorp DE raised its position in USG by 54.8% in the second quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock valued at $174,000 after purchasing an additional 1,435 shares during the period. Cerebellum GP LLC purchased a new position in USG in the second quarter valued at about $178,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in USG in the first quarter valued at about $187,000. 81.91% of the stock is currently owned by institutional investors.
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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