Wall Street brokerages expect that USG Co. (NYSE:USG) will announce $851.25 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for USG’s earnings, with the highest sales estimate coming in at $857.00 million and the lowest estimate coming in at $843.00 million. USG posted sales of $795.00 million in the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The firm is scheduled to announce its next earnings report on Thursday, October 25th.
On average, 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 $3.43 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.57 billion, with estimates ranging from $3.50 billion to $3.64 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for USG.
USG (NYSE:USG) last posted its quarterly earnings results on Wednesday, July 25th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.11). USG had a net margin of 3.01% and a return on equity of 13.87%. The business had revenue of $880.00 million during the quarter, compared to the consensus estimate of $876.21 million. During the same quarter last year, the company posted $0.44 EPS. The firm’s revenue was up 8.5% on a year-over-year basis.
USG has been the topic of a number of research analyst reports. Citigroup increased their price target on USG from $43.00 to $44.00 and gave the company a “$43.10” rating in a research note on Monday, July 23rd. Zacks Investment Research cut USG from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.69.
USG opened at $42.83 on Friday. USG has a 1-year low of $31.83 and a 1-year high of $43.47. The company has a current ratio of 2.34, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $6.05 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 0.95 and a beta of 0.85.
The firm also recently declared a dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, August 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, October 3rd.
In other USG news, SVP Christopher D. Macey sold 1,357 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $43.01, for a total transaction of $58,364.57. Following the transaction, the senior vice president now owns 11,114 shares in the company, valued at approximately $478,013.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew F. Hilzinger sold 34,300 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $43.03, for a total value of $1,475,929.00. Following the transaction, the insider now owns 59,895 shares in the company, valued at approximately $2,577,281.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 293,033 shares of company stock worth $12,618,681. 0.66% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of USG. Synovus Financial Corp acquired a new stake in shares of USG during the 2nd quarter worth $129,000. US Bancorp DE grew its holdings in shares of USG by 54.8% during the 2nd quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock worth $174,000 after purchasing an additional 1,435 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of USG during the 2nd quarter worth $178,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of USG during the 1st quarter worth $187,000. Finally, Hartford Investment Management Co. acquired a new stake in shares of USG during the 2nd quarter worth $231,000. Hedge funds and other institutional investors own 80.08% 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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