Masco Corp to Post Q4 2018 Earnings of $0.55 Per Share, Jefferies Group Forecasts (NYSE:MAS)

Masco Corp (NYSE:MAS) – Equities researchers at Jefferies Group raised their Q4 2018 earnings per share estimates for Masco in a report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst P. Ng now anticipates that the construction company will post earnings of $0.55 per share for the quarter, up from their prior estimate of $0.50.

Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $0.33 EPS. Masco’s quarterly revenue was up 6.5% on a year-over-year basis.

A number of other equities research analysts have also recently commented on MAS. B. Riley reaffirmed a “buy” rating on shares of Masco in a research note on Wednesday, November 1st. Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the stock a “buy” rating in a research note on Friday. Nomura set a $45.00 price objective on shares of Masco and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Credit Suisse Group reaffirmed a “neutral” rating and set a $46.00 price objective (up previously from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, Citigroup lifted their price target on shares of Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Masco currently has an average rating of “Buy” and an average target price of $44.07.

Shares of Masco (MAS) traded up $1.43 during midday trading on Thursday, hitting $42.13. 5,984,534 shares of the stock were exchanged, compared to its average volume of 3,170,270. The firm has a market cap of $13,203.16, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. Masco has a twelve month low of $32.88 and a twelve month high of $46.44. The company has a quick ratio of 1.43, a current ratio of 1.97 and a debt-to-equity ratio of 16.87.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Masco by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock valued at $1,192,431,000 after acquiring an additional 778,320 shares in the last quarter. FMR LLC grew its position in Masco by 7.5% in the 2nd quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock valued at $784,657,000 after acquiring an additional 1,439,946 shares in the last quarter. JPMorgan Chase & Co. grew its position in Masco by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock valued at $506,663,000 after acquiring an additional 763,078 shares in the last quarter. Northern Trust Corp grew its position in Masco by 31.3% in the 2nd quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock valued at $315,096,000 after acquiring an additional 1,963,938 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in Masco by 4.6% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 8,218,130 shares of the construction company’s stock valued at $320,590,000 after acquiring an additional 362,903 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

In other news, VP Renee Straber sold 2,574 shares of Masco stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the transaction, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.85, for a total transaction of $654,622.50. Following the completion of the sale, the director now owns 47,909 shares in the company, valued at $1,861,264.65. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be issued a dividend of $0.105 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.42 annualized dividend and a dividend yield of 1.00%. Masco’s dividend payout ratio is presently 25.45%.

COPYRIGHT VIOLATION NOTICE: “Masco Corp to Post Q4 2018 Earnings of $0.55 Per Share, Jefferies Group Forecasts (NYSE:MAS)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2018/02/12/masco-corp-mas-to-post-q4-2018-earnings-of-0-55-per-share-jefferies-group-forecasts.html.

About Masco

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.

Get a free copy of the Zacks research report on Masco (MAS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply