Equities analysts expect that Masco Corp (NYSE:MAS) will post earnings per share (EPS) of $0.77 for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Masco’s earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.82. Masco posted earnings per share of $0.60 in the same quarter last year, which suggests a positive year over year growth rate of 28.3%. The company is scheduled to issue its next earnings results before the market opens on Thursday, July 26th.
On average, analysts expect that Masco will report full year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.50 to $2.56. For the next year, analysts expect that the firm will report earnings of $2.88 per share, with EPS estimates ranging from $2.80 to $2.93. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Masco.
Masco (NYSE:MAS) last posted its earnings results on Tuesday, April 24th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). Masco had a net margin of 6.96% and a return on equity of 512.88%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm posted $0.40 earnings per share. Masco’s quarterly revenue was up 8.0% on a year-over-year basis.
Several equities analysts have recently issued reports on the company. Royal Bank of Canada assumed coverage on Masco in a research note on Wednesday. They set a “sector perform” rating on the stock. Zacks Investment Research cut Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Citigroup raised Masco from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Tuesday, June 19th. ValuEngine cut Masco from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Finally, Wells Fargo & Co set a $45.00 target price on Masco and gave the company a “buy” rating in a research note on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.75.
Masco opened at $37.42 on Thursday, according to MarketBeat. The company has a debt-to-equity ratio of 16.23, a quick ratio of 1.10 and a current ratio of 1.69. Masco has a 52-week low of $35.79 and a 52-week high of $46.44. The company has a market cap of $11.53 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 0.96 and a beta of 1.49.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 13th. Investors of record on Friday, July 13th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $0.42 annualized dividend and a yield of 1.12%. Masco’s payout ratio is 21.65%.
A number of hedge funds have recently modified their holdings of MAS. Avestar Capital LLC purchased a new stake in Masco in the fourth quarter worth $135,000. Dupont Capital Management Corp grew its stake in Masco by 61.3% in the first quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock worth $158,000 after purchasing an additional 1,486 shares during the period. Tower Research Capital LLC TRC grew its stake in Masco by 299.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after purchasing an additional 2,772 shares during the period. Adviser Investments LLC purchased a new stake in Masco in the first quarter worth $181,000. Finally, Moors & Cabot Inc. purchased a new stake in Masco in the first quarter worth $226,000. 88.08% of the stock is currently owned by institutional investors.
Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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