Wall Street analysts expect Masco (NYSE:MAS) to announce $1.86 billion in sales for the current quarter, Zacks reports. Nine analysts have provided estimates for Masco’s earnings. The lowest sales estimate is $1.83 billion and the highest is $1.88 billion. Masco reported sales of $1.78 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The business is expected to announce its next earnings report before the market opens on Tuesday, April 24th.
On average, analysts expect that Masco will report full year sales of $8.42 billion for the current financial year, with estimates ranging from $8.37 billion to $8.48 billion. For the next fiscal year, analysts expect that the company will report sales of $8.94 billion per share, with estimates ranging from $8.81 billion to $9.05 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Masco.
Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 earnings per share.
A number of brokerages recently weighed in on MAS. Credit Suisse Group restated a “neutral” rating and set a $46.00 price objective (up previously from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase downgraded shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Deutsche Bank upgraded shares of Masco from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Thursday, March 22nd. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Wednesday, January 3rd. Finally, Argus set a $50.00 target price on shares of Masco and gave the company a “buy” rating in a report on Friday, April 13th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $44.87.
Shares of Masco stock opened at $39.24 on Friday. The company has a market cap of $12,457.31, a P/E ratio of 20.23, a P/E/G ratio of 0.99 and a beta of 1.50. Masco has a twelve month low of $33.86 and a twelve month high of $46.44. The company has a debt-to-equity ratio of 16.87, a quick ratio of 1.49 and a current ratio of 1.97.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Friday, April 13th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.07%. Masco’s dividend payout ratio (DPR) is presently 21.65%.
In other news, Director Richard A. Manoogian sold 82,701 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $42.89, for a total value of $3,547,045.89. Following the completion of the sale, the director now directly owns 692,102 shares of the company’s stock, valued at $29,684,254.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lisa A. Payne sold 5,577 shares of the stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $41.85, for a total transaction of $233,397.45. Following the completion of the sale, the director now directly owns 56,766 shares of the company’s stock, valued at $2,375,657.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,727 shares of company stock valued at $4,695,460. Corporate insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in MAS. APG Asset Management N.V. increased its stake in shares of Masco by 32.1% in the fourth quarter. APG Asset Management N.V. now owns 6,489,828 shares of the construction company’s stock worth $237,478,000 after purchasing an additional 1,577,500 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Masco by 12.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 9,274,700 shares of the construction company’s stock worth $407,529,000 after purchasing an additional 1,056,570 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Masco by 308.9% in the fourth quarter. Bank of Montreal Can now owns 855,369 shares of the construction company’s stock worth $37,585,000 after purchasing an additional 646,158 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of Masco by 97.7% in the fourth quarter. Gotham Asset Management LLC now owns 635,693 shares of the construction company’s stock worth $27,932,000 after purchasing an additional 314,114 shares in the last quarter. Finally, PGGM Investments increased its stake in shares of Masco by 137.9% in the fourth quarter. PGGM Investments now owns 534,500 shares of the construction company’s stock worth $23,486,000 after purchasing an additional 309,855 shares in the last quarter. 90.09% of the stock is owned by hedge funds and other institutional investors.
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Masco Company Profile
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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