Masco Corp (NYSE:MAS) Expected to Post Earnings of $0.64 Per Share

Wall Street brokerages forecast that Masco Corp (NYSE:MAS) will report earnings of $0.64 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Masco’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.71. Masco posted earnings per share of $0.88 in the same quarter last year, which suggests a negative year-over-year growth rate of 27.3%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, July 23rd.

On average, analysts expect that Masco will report full-year earnings of $2.25 per share for the current year, with EPS estimates ranging from $1.73 to $2.42. For the next year, analysts anticipate that the business will post earnings of $2.57 per share, with EPS estimates ranging from $2.13 to $2.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Masco.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. Masco had a negative return on equity of 2,296.06% and a net margin of 18.13%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the business earned $0.44 earnings per share. Masco’s revenue was up 4.5% on a year-over-year basis.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Masco from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a research report on Wednesday, April 8th. Loop Capital upgraded Masco from a “hold” rating to a “buy” rating and decreased their target price for the company from $49.00 to $41.00 in a research report on Tuesday, April 7th. KeyCorp lifted their target price on Masco from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Wells Fargo & Co lifted their target price on Masco from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, TheStreet lowered Masco from a “b-” rating to a “c+” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.57.

Shares of NYSE MAS traded down $0.40 during mid-day trading on Friday, reaching $48.30. The company had a trading volume of 4,442,853 shares, compared to its average volume of 3,307,870. The company has a debt-to-equity ratio of 120.48, a quick ratio of 1.32 and a current ratio of 1.83. Masco has a one year low of $27.04 and a one year high of $50.10. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 2.12 and a beta of 1.48. The business’s 50-day simple moving average is $45.95 and its 200 day simple moving average is $43.95.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, July 10th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 9th. Masco’s dividend payout ratio is currently 24.00%.

In other Masco news, CAO John P. Lindow sold 1,246 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $50.00, for a total value of $62,300.00. Following the transaction, the chief accounting officer now directly owns 22,712 shares of the company’s stock, valued at $1,135,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard A. O’reagan sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $39.96, for a total value of $479,520.00. Following the completion of the transaction, the insider now directly owns 43,553 shares in the company, valued at $1,740,377.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,920 shares of company stock worth $819,846. 1.23% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MAS. First Trust Advisors LP acquired a new position in Masco in the first quarter valued at approximately $1,280,000. Cambridge Investment Research Advisors Inc. lifted its stake in Masco by 4.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 10,354 shares of the construction company’s stock valued at $497,000 after buying an additional 448 shares during the period. Victory Capital Management Inc. lifted its stake in Masco by 51.2% in the fourth quarter. Victory Capital Management Inc. now owns 371,103 shares of the construction company’s stock valued at $17,809,000 after buying an additional 125,653 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Masco by 11.2% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 134,511 shares of the construction company’s stock valued at $6,455,000 after acquiring an additional 13,496 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Masco by 15.5% during the fourth quarter. Comerica Bank now owns 125,260 shares of the construction company’s stock valued at $6,098,000 after acquiring an additional 16,855 shares in the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Earnings History and Estimates for Masco (NYSE:MAS)

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