Brokerages predict that Masco Corp (NYSE:MAS) will report sales of $1.65 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Masco’s earnings. The lowest sales estimate is $1.63 billion and the highest is $1.69 billion. Masco reported sales of $2.04 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 19.1%. The business is scheduled to announce its next earnings report before the market opens on Tuesday, February 11th.
According to Zacks, analysts expect that Masco will report full-year sales of $6.72 billion for the current financial year, with estimates ranging from $6.70 billion to $6.76 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.93 billion, with estimates ranging from $6.87 billion to $7.01 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Masco.
Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01). The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.13 billion. Masco had a net margin of 8.27% and a return on equity of 1,500.49%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share.
A number of analysts have weighed in on MAS shares. JPMorgan Chase & Co. increased their price target on Masco from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. TheStreet upgraded Masco from a “c+” rating to a “b-” rating in a report on Tuesday, October 22nd. Bank of America decreased their price target on Masco from $56.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Jefferies Financial Group downgraded Masco from a “buy” rating to a “hold” rating and decreased their price target for the stock from $55.00 to $51.00 in a report on Monday, January 6th. Finally, Robert W. Baird decreased their price target on Masco from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, September 18th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $48.88.
Masco stock traded up $0.23 during trading hours on Monday, reaching $48.25. 627,229 shares of the company’s stock were exchanged, compared to its average volume of 1,921,154. The company has a quick ratio of 0.98, a current ratio of 1.46 and a debt-to-equity ratio of 120.48. The firm’s 50 day simple moving average is $47.25 and its 200 day simple moving average is $43.14. Masco has a twelve month low of $30.48 and a twelve month high of $48.41. The firm has a market capitalization of $13.73 billion, a PE ratio of 19.30, a PEG ratio of 1.86 and a beta of 1.43.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 10th will be given a $0.135 dividend. The ex-dividend date is Thursday, January 9th. This represents a $0.54 annualized dividend and a yield of 1.12%. Masco’s payout ratio is 21.60%.
In other Masco news, insider Richard A. O’reagan sold 11,125 shares of Masco stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $45.85, for a total transaction of $510,081.25. Following the transaction, the insider now owns 43,278 shares of the company’s stock, valued at approximately $1,984,296.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John G. Sznewajs sold 20,000 shares of Masco stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $46.36, for a total transaction of $927,200.00. In the last ninety days, insiders sold 290,650 shares of company stock worth $13,385,233. 1.17% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. First Trust Advisors LP acquired a new position in shares of Masco in the 1st quarter valued at $1,280,000. Pictet Asset Management Ltd. boosted its stake in Masco by 2.7% during the second quarter. Pictet Asset Management Ltd. now owns 2,161,964 shares of the construction company’s stock worth $84,835,000 after buying an additional 56,007 shares during the period. Toronto Dominion Bank boosted its stake in Masco by 5.0% during the second quarter. Toronto Dominion Bank now owns 214,303 shares of the construction company’s stock worth $8,408,000 after buying an additional 10,286 shares during the period. MML Investors Services LLC boosted its stake in Masco by 3.7% during the second quarter. MML Investors Services LLC now owns 12,413 shares of the construction company’s stock worth $487,000 after buying an additional 445 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Masco by 1.2% during the second quarter. Parametric Portfolio Associates LLC now owns 924,626 shares of the construction company’s stock worth $36,282,000 after buying an additional 10,701 shares during the period. 91.35% of the stock is currently owned by institutional investors.
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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