Equities analysts expect Masco Corp (NYSE:MAS) to report $2.17 billion in sales for the current quarter, according to Zacks. Nine analysts have issued estimates for Masco’s earnings. The lowest sales estimate is $2.13 billion and the highest is $2.20 billion. Masco reported sales of $1.94 billion during the same quarter last year, which would suggest a positive year over year growth rate of 11.9%. The company is expected to report its next earnings report on Tuesday, October 23rd.
According to Zacks, analysts expect that Masco will report full-year sales of $8.46 billion for the current year, with estimates ranging from $8.41 billion to $8.50 billion. For the next fiscal year, analysts forecast that the business will report sales of $8.96 billion per share, with estimates ranging from $8.85 billion to $9.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Masco.
Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, July 31st. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). Masco had a return on equity of 490.27% and a net margin of 7.41%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the business earned $0.60 earnings per share. Masco’s revenue for the quarter was up 11.2% on a year-over-year basis.
Several research analysts have recently weighed in on MAS shares. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating in a report on Monday, July 9th. ValuEngine lowered shares of Masco from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Citigroup upgraded shares of Masco from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Tuesday, June 19th. Cfra reiterated a “buy” rating and set a $46.00 price objective on shares of Masco in a report on Sunday, August 5th. Finally, Royal Bank of Canada started coverage on shares of Masco in a report on Wednesday, June 27th. They set a “sector perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $45.76.
In related news, insider Joseph B. Gross sold 1,286 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $39.91, for a total value of $51,324.26. Following the transaction, the insider now owns 48,740 shares in the company, valued at $1,945,213.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the completion of the transaction, the chief financial officer now owns 237,578 shares in the company, valued at approximately $9,253,663.10. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Banco de Sabadell S.A raised its holdings in Masco by 11.3% in the second quarter. Banco de Sabadell S.A now owns 12,919 shares of the construction company’s stock valued at $482,000 after buying an additional 1,312 shares during the period. Dupont Capital Management Corp raised its holdings in Masco by 61.3% in the first quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock valued at $158,000 after buying an additional 1,486 shares during the period. Suntrust Banks Inc. raised its holdings in Masco by 4.6% in the first quarter. Suntrust Banks Inc. now owns 35,218 shares of the construction company’s stock valued at $1,423,000 after buying an additional 1,533 shares during the period. Buckingham Capital Management Inc. raised its holdings in Masco by 4.6% in the first quarter. Buckingham Capital Management Inc. now owns 36,712 shares of the construction company’s stock valued at $1,485,000 after buying an additional 1,619 shares during the period. Finally, Hills Bank & Trust Co. raised its holdings in Masco by 6.6% in the second quarter. Hills Bank & Trust Co. now owns 26,935 shares of the construction company’s stock valued at $1,008,000 after buying an additional 1,675 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.
Masco stock opened at $37.92 on Friday. Masco has a 12-month low of $35.79 and a 12-month high of $46.44. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.02 and a beta of 1.42. The company has a debt-to-equity ratio of 23.57, a quick ratio of 1.10 and a current ratio of 1.67.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Friday, July 13th were issued a dividend of $0.105 per share. The ex-dividend date was Thursday, July 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.11%. Masco’s payout ratio is currently 21.65%.
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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