Masco Corporation (NYSE:MAS) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.93-1.97 for the period, compared to the Thomson Reuters consensus estimate of $1.97.

Several equities analysts have weighed in on MAS shares. Longbow Research restated a buy rating and set a $42.00 target price on shares of Masco Corporation in a report on Tuesday, July 4th. Royal Bank Of Canada restated a buy rating and set a $43.00 target price on shares of Masco Corporation in a report on Tuesday, July 18th. KeyCorp restated a hold rating on shares of Masco Corporation in a report on Tuesday, September 26th. Robert W. Baird restated a buy rating and set a $42.00 target price on shares of Masco Corporation in a report on Monday, August 28th. Finally, Zacks Investment Research downgraded shares of Masco Corporation from a buy rating to a sell rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Masco Corporation has a consensus rating of Buy and a consensus price target of $40.92.

Masco Corporation (NYSE MAS) opened at 40.11 on Tuesday. The firm’s 50-day moving average is $38.39 and its 200-day moving average is $37.47. Masco Corporation has a 12 month low of $29.38 and a 12 month high of $40.76. The firm has a market capitalization of $12.65 billion, a PE ratio of 24.81 and a beta of 1.54.

Masco Corporation (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts expect that Masco Corporation will post $1.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be issued a $0.105 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a yield of 1.05%. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s dividend payout ratio is currently 25.93%.

In other Masco Corporation news, VP Kenneth G. Cole sold 2,266 shares of the company’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 sale, the vice president now owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.18, for a total value of $744,433.64. Following the sale, the insider now directly owns 91,154 shares of the company’s stock, valued at approximately $3,480,259.72. The disclosure for this sale can be found here. Insiders sold 24,101 shares of company stock worth $916,799 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

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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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