Jefferies Financial Group Comments on Masco Corp’s Q1 2019 Earnings (MAS)

Masco Corp (NYSE:MAS) – Stock analysts at Jefferies Financial Group raised their Q1 2019 earnings per share estimates for Masco in a research note issued on Wednesday, January 16th. Jefferies Financial Group analyst P. Ng now anticipates that the construction company will post earnings per share of $0.54 for the quarter, up from their previous estimate of $0.53. Jefferies Financial Group currently has a “Buy” rating and a $48.00 target price on the stock.

Other analysts also recently issued research reports about the company. Goldman Sachs Group assumed coverage on Masco in a report on Tuesday, October 2nd. They issued a “buy” rating and a $49.00 price target on the stock. Robert W. Baird set a $42.00 price target on Masco and gave the stock a “buy” rating in a report on Tuesday, October 16th. Argus set a $43.00 price target on Masco and gave the stock a “buy” rating in a report on Wednesday, October 31st. Nomura set a $40.00 price target on Masco and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, SunTrust Banks cut their price target on Masco to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.25.

NYSE:MAS opened at $32.22 on Friday. The company has a debt-to-equity ratio of 14.35, a quick ratio of 1.13 and a current ratio of 1.71. Masco has a 52 week low of $27.03 and a 52 week high of $46.43. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.92 and a beta of 1.45.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Masco had a return on equity of 409.25% and a net margin of 7.65%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned $0.50 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 11th. Stockholders of record on Friday, January 11th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, January 10th. Masco’s dividend payout ratio (DPR) is presently 24.74%.

In other news, Director Richard A. Manoogian sold 50,000 shares of Masco stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $31.24, for a total transaction of $1,562,000.00. Following the transaction, the director now directly owns 625,961 shares in the company, valued at approximately $19,555,021.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Manoogian sold 100,000 shares of Masco stock in a transaction on Monday, November 19th. The shares were sold at an average price of $30.98, for a total value of $3,098,000.00. Following the transaction, the director now owns 625,961 shares in the company, valued at $19,392,271.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 212,900 shares of company stock worth $6,631,092. 1.20% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Douglas Lane & Associates LLC grew its holdings in shares of Masco by 11.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 1,511,364 shares of the construction company’s stock worth $44,192,000 after acquiring an additional 154,437 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Masco by 16,640.6% in the 4th quarter. Meeder Asset Management Inc. now owns 5,357 shares of the construction company’s stock worth $157,000 after acquiring an additional 5,325 shares during the last quarter. Highland Capital Management LLC grew its holdings in shares of Masco by 1.8% in the 4th quarter. Highland Capital Management LLC now owns 24,201 shares of the construction company’s stock worth $708,000 after acquiring an additional 430 shares during the last quarter. Granite Investment Advisors LLC grew its holdings in shares of Masco by 13.8% in the 4th quarter. Granite Investment Advisors LLC now owns 8,250 shares of the construction company’s stock worth $241,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Daiwa SB Investments Ltd. grew its holdings in shares of Masco by 9.1% in the 4th quarter. Daiwa SB Investments Ltd. now owns 23,400 shares of the construction company’s stock worth $684,000 after acquiring an additional 1,950 shares during the last quarter. Institutional investors own 89.19% of the company’s stock.

About Masco

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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Earnings History and Estimates for Masco (NYSE:MAS)

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