FY2017 EPS Estimates for Masco Corporation Cut by Analyst (MAS)

Masco Corporation (NYSE:MAS) – Equities research analysts at Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for Masco Corporation in a report issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst P. Ng now forecasts that the construction company will earn $1.94 per share for the year, down from their previous forecast of $1.96. Jefferies Group has a “Buy” rating and a $45.00 price objective on the stock. Jefferies Group also issued estimates for Masco Corporation’s Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $2.25 EPS and FY2019 earnings at $2.52 EPS.

A number of other equities research analysts have also issued reports on MAS. B. Riley reiterated a “buy” rating on shares of Masco Corporation in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Masco Corporation in a report on Tuesday, September 26th. MKM Partners reissued a “buy” rating and issued a $44.00 price target (up previously from $43.00) on shares of Masco Corporation in a report on Tuesday, August 1st. Nomura set a $45.00 price target on Masco Corporation and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Argus increased their price target on Masco Corporation from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. Masco Corporation has an average rating of “Buy” and a consensus target price of $42.71.

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Masco Corporation (NYSE MAS) traded down $0.01 during mid-day trading on Thursday, hitting $38.61. The stock had a trading volume of 2,038,400 shares, compared to its average volume of 2,657,703. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. Masco Corporation has a fifty-two week low of $30.08 and a fifty-two week high of $41.10. The firm has a market capitalization of $12,148.51, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.20 and a beta of 1.56.

Masco Corporation (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco Corporation had a net margin of 7.23% and a negative return on equity of 7,325.00%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $0.41 EPS. Masco Corporation’s quarterly revenue was up 3.1% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be issued a $0.105 dividend. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.09%. Masco Corporation’s dividend payout ratio (DPR) is 25.00%.

In related news, VP John P. Lindow sold 17,026 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $40.07, for a total value of $682,231.82. Following the sale, the vice president now directly owns 101,681 shares in the company, valued at approximately $4,074,357.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $39.83, for a total value of $2,091,513.13. Following the completion of the sale, the chief financial officer now owns 391,443 shares in the company, valued at $15,591,174.69. The disclosure for this sale can be found here. In the last three months, insiders sold 74,140 shares of company stock worth $2,946,110. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OppenheimerFunds Inc. increased its position in shares of Masco Corporation by 1.5% during the 1st quarter. OppenheimerFunds Inc. now owns 26,718 shares of the construction company’s stock valued at $908,000 after purchasing an additional 404 shares during the period. Teachers Advisors LLC increased its position in shares of Masco Corporation by 5.7% during the 1st quarter. Teachers Advisors LLC now owns 2,082,848 shares of the construction company’s stock valued at $70,796,000 after purchasing an additional 112,667 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Masco Corporation during the 1st quarter valued at $256,000. Dimensional Fund Advisors LP increased its position in shares of Masco Corporation by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 910,526 shares of the construction company’s stock valued at $30,947,000 after purchasing an additional 9,759 shares during the period. Finally, KCG Holdings Inc. increased its position in shares of Masco Corporation by 89.5% during the 1st quarter. KCG Holdings Inc. now owns 25,825 shares of the construction company’s stock valued at $878,000 after purchasing an additional 12,194 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Masco Corporation Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

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Earnings History and Estimates for Masco Corporation (NYSE:MAS)

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