Wall Street analysts forecast that Masco Corporation (NYSE:MAS) will announce earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Masco Corporation’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.42. Masco Corporation reported earnings per share of $0.33 during the same quarter last year, which would suggest a positive year over year growth rate of 30.3%. The firm is scheduled to report its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Masco Corporation will report full-year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.93 to $1.96. For the next financial year, analysts forecast that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $2.18 to $2.27. Zacks’ EPS averages are an average based on a survey of analysts that cover Masco Corporation.
Masco Corporation (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS.
A number of analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Masco Corporation in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Masco Corporation in a research note on Tuesday, September 26th. MKM Partners reaffirmed a “buy” rating and set a $44.00 target price (up previously from $43.00) on shares of Masco Corporation in a research note on Tuesday, August 1st. BidaskClub cut shares of Masco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Nomura set a $45.00 target price on shares of Masco Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.88.
Masco Corporation (MAS) traded up $0.33 during midday trading on Thursday, hitting $39.14. 2,129,213 shares of the company’s stock were exchanged, compared to its average volume of 2,645,582. The company has a market capitalization of $12,260.00, a PE ratio of 21.22, a PEG ratio of 1.21 and a beta of 1.56. Masco Corporation has a 12-month low of $30.08 and a 12-month high of $41.10. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, October 13th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a yield of 1.07%. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s dividend payout ratio is 24.85%.
In other news, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total transaction of $84,657.76. Following the transaction, the vice president now owns 85,693 shares in the company, valued at $3,201,490.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John G. Sznewajs sold 52,511 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the transaction, the chief financial officer now owns 391,443 shares in the company, valued at approximately $15,591,174.69. The disclosure for this sale can be found here. Insiders have sold 90,990 shares of company stock worth $3,600,733 in the last quarter. Company insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware bought a new stake in Masco Corporation in the 2nd quarter worth about $101,000. YorkBridge Wealth Partners LLC lifted its stake in Masco Corporation by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock worth $110,000 after purchasing an additional 127 shares in the last quarter. Advisory Services Network LLC lifted its stake in Masco Corporation by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after purchasing an additional 763 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in Masco Corporation in the 2nd quarter worth approximately $166,000. Finally, Kings Point Capital Management lifted its stake in Masco Corporation by 50.0% in the 2nd quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock worth $172,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.
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About Masco Corporation
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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