Masco Corp (MAS) Expected to Announce Earnings of $0.36 Per Share
Equities research analysts predict that Masco Corp (NYSE:MAS) will post $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Masco Corp’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.39. Masco Corp posted earnings per share of $0.32 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The company is expected to report its next earnings report before the market opens on Tuesday, April 25th.
According to Zacks, analysts expect that Masco Corp will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.79 to $1.89. For the next financial year, analysts forecast that the business will report earnings of $2.08 per share, with EPS estimates ranging from $1.93 to $2.17. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Masco Corp.
Masco Corp (NYSE:MAS) last announced its earnings results on Thursday, February 9th. The construction company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm earned $1.80 billion during the quarter, compared to analyst estimates of $1.75 billion. Masco Corp had a net margin of 6.67% and a return on equity of 1,293.51%. Masco Corp’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share.
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Several research firms recently commented on MAS. Jefferies Group LLC reiterated a “buy” rating and issued a $39.00 price target on shares of Masco Corp in a research report on Friday, March 17th. Nomura began coverage on shares of Masco Corp in a research report on Wednesday, April 12th. They issued a “buy” rating and a $39.00 price target for the company. Zacks Investment Research downgraded shares of Masco Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Barclays PLC reiterated an “overweight” rating and issued a $36.00 price target (down previously from $37.00) on shares of Masco Corp in a research report on Thursday, February 16th. Finally, Instinet reiterated a “buy” rating on shares of Masco Corp in a research report on Friday, April 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have given a buy rating to the stock. Masco Corp presently has a consensus rating of “Buy” and a consensus price target of $38.00.
Shares of Masco Corp (NYSE:MAS) traded up 1.02% during midday trading on Wednesday, reaching $33.72. 3,703,681 shares of the company’s stock traded hands. Masco Corp has a 1-year low of $29.11 and a 1-year high of $37.38. The stock has a market capitalization of $10.72 billion, a P/E ratio of 22.94 and a beta of 1.51. The firm’s 50-day moving average price is $33.82 and its 200 day moving average price is $32.80.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 8th. Investors of record on Monday, April 17th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, April 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.19%. Masco Corp’s payout ratio is 27.21%.
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In other Masco Corp news, Director Lisa A. Payne sold 1,949 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $33.89, for a total transaction of $66,051.61. Following the sale, the director now directly owns 61,346 shares of the company’s stock, valued at approximately $2,079,015.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Michael Losh sold 2,084 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $34.54, for a total transaction of $71,981.36. Following the sale, the director now directly owns 66,356 shares in the company, valued at $2,291,936.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,496 shares of company stock worth $322,682. 1.70% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Masco Corp by 9.5% in the fourth quarter. FMR LLC now owns 18,859,880 shares of the construction company’s stock valued at $596,351,000 after buying an additional 1,640,080 shares in the last quarter. State Street Corp boosted its stake in Masco Corp by 5.3% in the fourth quarter. State Street Corp now owns 16,041,738 shares of the construction company’s stock valued at $507,236,000 after buying an additional 808,972 shares in the last quarter. Northern Trust Corp boosted its stake in Masco Corp by 4.1% in the third quarter. Northern Trust Corp now owns 6,740,369 shares of the construction company’s stock valued at $231,262,000 after buying an additional 262,651 shares in the last quarter. Pioneer Investment Management Inc. purchased a new stake in Masco Corp during the third quarter valued at about $141,100,000. Finally, Janus Capital Management LLC boosted its stake in Masco Corp by 2.2% in the fourth quarter. Janus Capital Management LLC now owns 3,914,762 shares of the construction company’s stock valued at $123,785,000 after buying an additional 82,460 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors.
About Masco Corp
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.
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