Brokerages expect Masco Corp (NYSE:MAS) to announce earnings of $0.57 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Masco’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.55. Masco reported earnings of $0.44 per share in the same quarter last year, which would indicate a positive year over year growth rate of 29.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 14th.
On average, analysts expect that Masco will report full-year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.43. For the next year, analysts anticipate that the business will report earnings of $2.72 per share, with EPS estimates ranging from $2.61 to $2.96. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Masco.
Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). Masco had a net margin of 7.65% and a return on equity of 409.25%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company earned $0.50 EPS. Masco’s quarterly revenue was up 8.0% on a year-over-year basis.
MAS has been the subject of a number of research analyst reports. ValuEngine lowered shares of Masco from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 18th. Deutsche Bank reduced their target price on shares of Masco from $48.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup upped their target price on shares of Masco from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $48.00 target price on shares of Masco in a research note on Wednesday. Finally, Argus set a $43.00 target price on shares of Masco and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. Masco presently has an average rating of “Buy” and a consensus price target of $42.95.
In other news, insider Joseph B. Gross sold 1,286 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $39.91, for a total transaction of $51,324.26. Following the completion of the transaction, the insider now directly owns 48,740 shares in the company, valued at approximately $1,945,213.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John G. Sznewajs sold 96,869 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the transaction, the chief financial officer now owns 237,578 shares of the company’s stock, valued at $9,253,663.10. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of MAS. American Century Companies Inc. acquired a new stake in Masco in the 3rd quarter valued at about $560,000. Wells Fargo & Company MN lifted its stake in Masco by 25.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,109,646 shares of the construction company’s stock valued at $40,612,000 after purchasing an additional 223,687 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Masco by 15.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,062 shares of the construction company’s stock valued at $441,000 after purchasing an additional 1,613 shares during the last quarter. Signition LP lifted its stake in Masco by 41.9% in the 3rd quarter. Signition LP now owns 10,672 shares of the construction company’s stock valued at $391,000 after purchasing an additional 3,153 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Masco by 119.7% in the 3rd quarter. Victory Capital Management Inc. now owns 208,501 shares of the construction company’s stock valued at $7,631,000 after purchasing an additional 113,596 shares during the last quarter. Institutional investors own 89.70% of the company’s stock.
MAS opened at $31.32 on Friday. The company has a debt-to-equity ratio of 14.35, a current ratio of 1.71 and a quick ratio of 1.10. Masco has a 12 month low of $27.15 and a 12 month high of $46.44. The firm has a market capitalization of $9.07 billion, a P/E ratio of 16.14, a PEG ratio of 0.82 and a beta of 1.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Masco’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, October 11th. Masco’s dividend payout ratio is currently 24.74%.
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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