Brokerages predict that Masco Corp (NYSE:MAS) will post $2.30 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Masco’s earnings. The lowest sales estimate is $2.25 billion and the highest is $2.35 billion. Masco posted sales of $2.06 billion during the same quarter last year, which would indicate a positive year over year growth rate of 11.7%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, July 31st.
On average, analysts expect that Masco will report full-year sales of $8.47 billion for the current financial year, with estimates ranging from $8.41 billion to $8.52 billion. For the next financial year, analysts expect that the business will report sales of $8.99 billion per share, with estimates ranging from $8.88 billion to $9.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Masco.
Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, April 24th. The construction company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Masco had a net margin of 6.96% and a return on equity of 512.88%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS.
MAS has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price target on Masco from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, April 26th. ValuEngine cut Masco from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Citigroup upgraded Masco from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, June 19th. MKM Partners dropped their target price on Masco to $45.00 and set a “buy” rating for the company in a report on Wednesday, April 25th. Finally, Zacks Investment Research cut Masco from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Masco has a consensus rating of “Buy” and a consensus target price of $44.75.
NYSE MAS traded up $0.09 during trading on Friday, hitting $37.38. 26,034 shares of the stock traded hands, compared to its average volume of 3,223,880. The stock has a market capitalization of $11.62 billion, a PE ratio of 19.22, a P/E/G ratio of 0.97 and a beta of 1.47. The company has a debt-to-equity ratio of 16.23, a current ratio of 1.69 and a quick ratio of 1.10. Masco has a 12-month low of $35.79 and a 12-month high of $46.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 13th. Investors of record on Friday, July 13th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 12th. Masco’s payout ratio is currently 21.65%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Avestar Capital LLC bought a new stake in Masco during the 4th quarter valued at $135,000. Dupont Capital Management Corp raised its position in Masco by 61.3% during the 1st quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock valued at $158,000 after purchasing an additional 1,486 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Masco by 299.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after purchasing an additional 2,772 shares in the last quarter. Adviser Investments LLC bought a new stake in Masco during the 1st quarter valued at $181,000. Finally, Moors & Cabot Inc. bought a new stake in Masco during the 1st quarter valued at $226,000. Institutional investors own 88.09% of the company’s stock.
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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