Brokerages forecast that Masco Corporation (NYSE:MAS) will announce earnings of $0.53 per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Masco Corporation’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.55. Masco Corporation posted earnings per share of $0.41 during the same quarter last year, which suggests a positive year over year growth rate of 29.3%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, October 24th.
According to Zacks, analysts expect that Masco Corporation will report full year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.01. For the next year, analysts expect that the company will post earnings of $2.23 per share, with EPS estimates ranging from $2.17 to $2.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Masco Corporation.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. Masco Corporation’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS.
A number of equities analysts have recently commented on the stock. Barclays PLC lifted their target price on shares of Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Credit Suisse Group set a $36.00 price objective on shares of Masco Corporation and gave the company a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Masco Corporation in a research report on Wednesday, July 19th. Finally, MKM Partners reiterated a “buy” rating and issued a $44.00 price objective (up from $43.00) on shares of Masco Corporation in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Masco Corporation presently has a consensus rating of “Buy” and a consensus price target of $40.92.
In other news, insider Joseph B. Gross sold 2,337 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $37.53, for a total transaction of $87,707.61. Following the transaction, the insider now directly owns 56,935 shares of the company’s stock, valued at $2,136,770.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the transaction, the insider now directly owns 91,154 shares in the company, valued at $3,480,259.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,101 shares of company stock worth $916,799. Corporate insiders own 1.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of MAS. Pacer Advisors Inc. increased its holdings in shares of Masco Corporation by 3.1% during the first quarter. Pacer Advisors Inc. now owns 6,338 shares of the construction company’s stock valued at $215,000 after purchasing an additional 189 shares during the period. Victory Capital Management Inc. boosted its position in shares of Masco Corporation by 26.6% in the 1st quarter. Victory Capital Management Inc. now owns 39,464 shares of the construction company’s stock valued at $1,341,000 after purchasing an additional 8,290 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Masco Corporation by 1.5% in the 1st quarter. OppenheimerFunds Inc. now owns 26,718 shares of the construction company’s stock valued at $908,000 after purchasing an additional 404 shares during the period. Teachers Advisors LLC boosted its position in shares of Masco Corporation by 5.7% in the 1st quarter. Teachers Advisors LLC now owns 2,082,848 shares of the construction company’s stock valued at $70,796,000 after purchasing an additional 112,667 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Masco Corporation by 2.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 3,976,693 shares of the construction company’s stock valued at $135,168,000 after purchasing an additional 83,750 shares during the period. 88.38% of the stock is currently owned by institutional investors.
Shares of Masco Corporation (MAS) traded up 0.54% on Friday, reaching $38.96. 2,137,155 shares of the company’s stock were exchanged. Masco Corporation has a one year low of $29.38 and a one year high of $39.62. The firm has a 50 day moving average of $37.72 and a 200 day moving average of $37.12. The firm has a market capitalization of $12.29 billion, a P/E ratio of 24.09 and a beta of 1.54.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be given a dividend of $0.105 per share. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, October 12th. Masco Corporation’s dividend payout ratio is currently 24.69%.
Masco Corporation Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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