Zacks: Brokerages Expect Masco Corp (MAS) to Post $0.47 Earnings Per Share

Wall Street brokerages expect that Masco Corp (NYSE:MAS) will report $0.47 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Masco’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.49. Masco reported earnings of $0.45 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The business is scheduled to report its next earnings results before the market opens on Thursday, April 25th.

According to Zacks, analysts expect that Masco will report full-year earnings of $2.69 per share for the current fiscal year, with EPS estimates ranging from $2.64 to $2.75. For the next financial year, analysts forecast that the company will report earnings of $3.05 per share, with EPS estimates ranging from $2.93 to $3.18. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Masco.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, February 7th. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. Masco had a return on equity of 520.34% and a net margin of 8.78%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm earned $0.44 EPS. Masco’s quarterly revenue was up 10.1% compared to the same quarter last year.

Several equities analysts recently issued reports on the company. Barclays reiterated a “buy” rating and issued a $39.00 price objective on shares of Masco in a research report on Sunday, February 10th. Credit Suisse Group reaffirmed a “hold” rating and set a $34.00 price target on shares of Masco in a research report on Thursday, February 7th. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Nomura upped their price target on Masco from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Robert W. Baird set a $41.00 price target on Masco and gave the stock a “buy” rating in a research report on Friday, February 8th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $42.90.

In other news, Director Lisa A. Payne sold 9,117 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $39.56, for a total transaction of $360,668.52. Following the sale, the director now owns 52,038 shares in the company, valued at approximately $2,058,623.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard A. O’reagan sold 12,336 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $39.48, for a total value of $487,025.28. Following the sale, the insider now owns 54,403 shares in the company, valued at approximately $2,147,830.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 298,940 shares of company stock worth $11,890,269. Company insiders own 1.17% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Daiwa SB Investments Ltd. raised its stake in shares of Masco by 10.0% during the 1st quarter. Daiwa SB Investments Ltd. now owns 25,730 shares of the construction company’s stock worth $1,011,000 after purchasing an additional 2,330 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Masco by 3.2% in the 1st quarter. IFM Investors Pty Ltd now owns 20,840 shares of the construction company’s stock valued at $819,000 after acquiring an additional 648 shares during the period. Hills Bank & Trust Co. raised its stake in Masco by 5.5% in the 1st quarter. Hills Bank & Trust Co. now owns 30,035 shares of the construction company’s stock valued at $1,181,000 after acquiring an additional 1,555 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Masco in the 1st quarter valued at $231,000. Finally, Meeder Asset Management Inc. raised its stake in Masco by 381.5% in the 1st quarter. Meeder Asset Management Inc. now owns 25,794 shares of the construction company’s stock valued at $1,014,000 after acquiring an additional 20,437 shares during the period. Institutional investors own 92.74% of the company’s stock.

Shares of MAS traded up $0.05 on Friday, hitting $40.04. The company’s stock had a trading volume of 4,037,463 shares, compared to its average volume of 3,790,612. The company has a debt-to-equity ratio of 43.06, a quick ratio of 1.08 and a current ratio of 1.64. Masco has a fifty-two week low of $27.03 and a fifty-two week high of $41.24. The firm has a market capitalization of $11.78 billion, a PE ratio of 16.02, a P/E/G ratio of 1.46 and a beta of 1.46.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, April 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 1.20%. The ex-dividend date is Thursday, April 11th. Masco’s dividend payout ratio is currently 19.20%.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Earnings History and Estimates for Masco (NYSE:MAS)

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