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.
TRADEMARK VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/11/jefferies-group-analysts-decrease-earnings-estimates-for-masco-corporation-mas.html.
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.
Get a free copy of the Zacks research report on Masco Corporation (MAS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Masco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.