USG Corporation (NYSE:USG) – Research analysts at Jefferies Group boosted their FY2017 earnings per share estimates for USG Corporation in a report issued on Thursday. Jefferies Group analyst P. Ng now anticipates that the construction company will post earnings per share of $1.66 for the year, up from their prior estimate of $1.65. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for USG Corporation’s Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.19 EPS and FY2019 earnings at $2.49 EPS.

USG Corporation (NYSE:USG) last posted its quarterly earnings data on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. USG Corporation 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 the consensus estimate of $790.54 million. During the same period in the previous year, the business earned $0.46 EPS. USG Corporation’s revenue for the quarter was up 3.7% compared to the same quarter last year.

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Several other brokerages also recently weighed in on USG. Stifel Nicolaus restated a “hold” rating and set a $33.00 target price on shares of USG Corporation in a research note on Thursday, October 26th. Citigroup Inc. increased their target price on USG Corporation from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Barclays PLC upped their price target on USG Corporation from $26.00 to $31.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Bank of America Corporation cut USG Corporation from a “neutral” rating to an “underperform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research raised USG Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.64.

Shares of USG Corporation (NYSE:USG) opened at 34.33 on Monday. USG Corporation has a 12-month low of $23.71 and a 12-month high of $34.80. The stock has a market capitalization of $4.92 billion, a P/E ratio of 11.01 and a beta of 1.00. The firm’s 50-day moving average price is $32.37 and its 200 day moving average price is $29.80.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in USG Corporation by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock valued at $217,404,000 after purchasing an additional 76,843 shares in the last quarter. BlackRock Inc. boosted its position in USG Corporation by 14,864.0% in the 1st quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock valued at $128,363,000 after buying an additional 4,009,572 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in USG Corporation by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,957,572 shares of the construction company’s stock valued at $62,251,000 after buying an additional 167,321 shares during the last quarter. LSV Asset Management boosted its position in USG Corporation by 5.5% in the 2nd quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock valued at $21,977,000 after buying an additional 39,500 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in USG Corporation by 1,445.9% in the 1st quarter. Janus Capital Management LLC now owns 724,146 shares of the construction company’s stock valued at $23,028,000 after buying an additional 677,304 shares during the last quarter. 85.80% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Dominic A. Dannessa sold 5,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $32.41, for a total transaction of $162,050.00. Following the completion of the sale, the insider now directly owns 61,713 shares of the company’s stock, valued at approximately $2,000,118.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.67% of the company’s stock.

About USG Corporation

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.

Earnings History and Estimates for USG Corporation (NYSE:USG)

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