Equities analysts expect Masco Corporation (NYSE:MAS) to report $0.43 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Masco Corporation’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.42. Masco Corporation reported earnings of $0.33 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 30.3%. The firm is expected to issue its next earnings results on Thursday, February 8th.
On average, analysts expect that Masco Corporation will report full-year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.93 to $1.96. For the next fiscal year, analysts anticipate that the company will report earnings of $2.23 per share, with EPS estimates ranging from $2.18 to $2.27. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Masco Corporation.
Masco Corporation (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. Masco Corporation’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share.
MAS has been the subject of several recent research reports. Robert W. Baird upped their price target on shares of Masco Corporation from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Citigroup Inc. upped their price target on shares of Masco Corporation from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Barclays PLC upped their price target on shares of Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Credit Suisse Group set a $36.00 price target on shares of Masco Corporation and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, FBR & Co restated a “buy” rating and issued a $46.00 price target (up from $43.00) on shares of Masco Corporation in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Masco Corporation has a consensus rating of “Buy” and a consensus target price of $42.88.
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Masco Corporation (NYSE MAS) traded up $0.22 during mid-day trading on Thursday, reaching $39.36. 1,390,000 shares of the company were exchanged, compared to its average volume of 2,527,428. The firm has a market cap of $12,381.29, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.22 and a beta of 1.56. Masco Corporation has a twelve month low of $30.08 and a twelve month high of $41.10. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, October 12th. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. Masco Corporation’s dividend payout ratio is 25.00%.
In related news, VP Kenneth G. Cole sold 2,266 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total transaction of $84,657.76. Following the transaction, the vice president now directly owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John G. Sznewajs sold 52,511 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the transaction, the chief financial officer now directly owns 391,443 shares in the company, valued at $15,591,174.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,990 shares of company stock valued at $3,600,733. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MAS. Dimensional Fund Advisors LP boosted its stake in Masco Corporation by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 910,526 shares of the construction company’s stock worth $30,947,000 after acquiring an additional 9,759 shares in the last quarter. Bank of Montreal Can boosted its stake in Masco Corporation by 109.9% during the second quarter. Bank of Montreal Can now owns 398,873 shares of the construction company’s stock worth $15,241,000 after acquiring an additional 208,882 shares in the last quarter. Creative Planning boosted its stake in Masco Corporation by 30.7% during the second quarter. Creative Planning now owns 18,490 shares of the construction company’s stock worth $706,000 after acquiring an additional 4,345 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Masco Corporation during the second quarter worth $248,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Masco Corporation by 493.9% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 52,004 shares of the construction company’s stock worth $1,987,000 after acquiring an additional 43,248 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.
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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