Masco Corp. (MAS) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Masco Corp. (NYSE:MAS) issued its quarterly earnings data on Tuesday. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.04, AnalystRatings.Net reports. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $0.13 earnings per share. Masco Corp.’s revenue was up 11.3% compared to the same quarter last year.
Shares of Masco Corp. (NYSE:MAS) opened at 21.02 on Tuesday. Masco Corp. has a one year low of $14.36 and a one year high of $22.94. The stock has a 50-day moving average of $20.86 and a 200-day moving average of $20.49. The company has a market cap of $7.504 billion and a P/E ratio of 54.74.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Masco Corp. from $25.00 to $26.00 in a research note to investors on Wednesday, October 30th. They now have an “outperform” rating on the stock. On a related note, analysts at Raymond James upgraded shares of Masco Corp. from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 30th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Masco Corp. from an “underweight” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. They now have a $21.00 price target on the stock, up previously from $20.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.00.
Masco Corporation manufactures, distributes and installs home improvement and building products. The Company is a manufacturer of a number of home improvements and building products, including faucets, cabinets, architectural coatings and windows, and the installer of insulation for the new home construction market.
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