Masco Corporation (MAS) Releases FY17 Earnings Guidance
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.
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.
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