Masco Corporation (NYSE:MAS) – Research analysts at Jefferies Group lowered their FY2017 EPS estimates for shares of Masco Corporation in a report released on Thursday. Jefferies Group analyst P. Ng now anticipates that the construction company will post earnings of $1.96 per share for the year, down from their previous forecast of $1.97. Jefferies Group currently has a “Buy” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for Masco Corporation’s Q4 2017 earnings at $0.42 EPS and FY2018 earnings at $2.26 EPS.

Masco Corporation (NYSE:MAS) last issued its earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share.

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Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $43.00 price objective on shares of Masco Corporation in a report on Tuesday, July 18th. Zacks Investment Research cut Masco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Longbow Research restated a “buy” rating and issued a $42.00 target price on shares of Masco Corporation in a research note on Tuesday, July 4th. BidaskClub cut Masco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, MKM Partners restated a “buy” rating and issued a $44.00 target price (up previously from $43.00) on shares of Masco Corporation in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $40.92.

Shares of Masco Corporation (NYSE MAS) opened at 40.09 on Monday. Masco Corporation has a one year low of $29.38 and a one year high of $40.11. The company has a market capitalization of $12.64 billion, a P/E ratio of 24.79 and a beta of 1.54. The firm has a 50-day moving average price of $38.30 and a 200-day moving average price of $37.37.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, October 12th. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s dividend payout ratio (DPR) is 25.93%.

In related news, VP Kenneth G. Cole sold 2,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the completion of the transaction, the vice president now owns 85,693 shares of the company’s stock, valued at approximately $3,201,490.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph B. Gross sold 2,337 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $37.53, for a total value of $87,707.61. Following the transaction, the insider now directly owns 56,935 shares of the company’s stock, valued at approximately $2,136,770.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,101 shares of company stock valued at $916,799. 1.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Veritable L.P. increased its position in Masco Corporation by 0.7% during the 2nd quarter. Veritable L.P. now owns 8,998 shares of the construction company’s stock valued at $344,000 after buying an additional 59 shares in the last quarter. Stanley Laman Group Ltd. increased its position in Masco Corporation by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock valued at $634,000 after buying an additional 63 shares in the last quarter. Hills Bank & Trust Co. increased its position in Masco Corporation by 0.3% during the 2nd quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock valued at $838,000 after buying an additional 75 shares in the last quarter. Commonwealth Bank of Australia increased its position in Masco Corporation by 1.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock valued at $209,000 after buying an additional 89 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Masco Corporation by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock valued at $757,000 after buying an additional 100 shares in the last quarter. 88.27% of the stock is owned by institutional investors.

About Masco Corporation

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.

Earnings History and Estimates for Masco Corporation (NYSE:MAS)

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