$0.43 EPS Expected for Masco Corp (MAS) This Quarter
Analysts forecast that Masco Corp (NYSE:MAS) will announce earnings per share of $0.43 for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Masco’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.42. Masco posted earnings of $0.33 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 30.3%. The firm is expected to report its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Masco will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.96. For the next fiscal year, analysts anticipate that the company will post earnings of $2.23 per share, with EPS estimates ranging from $2.18 to $2.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Masco.
Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. Masco’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS.
Masco (NYSE:MAS) traded up $0.80 during trading on Tuesday, reaching $43.30. 3,870,400 shares of the company were exchanged, compared to its average volume of 2,638,937. The stock has a market capitalization of $13,369.03, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 1.32 and a beta of 1.59. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. Masco has a 52 week low of $30.52 and a 52 week high of $43.79.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, October 13th were given a dividend of $0.105 per share. This is a boost from Masco’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a yield of 0.97%. Masco’s payout ratio is 25.00%.
In other news, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total value of $84,657.76. Following the transaction, the vice president now directly owns 85,693 shares in the company, valued at $3,201,490.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John P. Lindow sold 17,026 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the completion of the transaction, the vice president now owns 101,681 shares in the company, valued at $4,074,357.67. The disclosure for this sale can be found here. Insiders have sold 90,990 shares of company stock worth $3,600,733 in the last quarter. Company insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Masco by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock worth $1,192,431,000 after acquiring an additional 778,320 shares in the last quarter. BlackRock Inc. lifted its position in shares of Masco by 9.9% during the second quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock valued at $1,171,447,000 after buying an additional 2,763,057 shares during the last quarter. FMR LLC lifted its position in shares of Masco by 7.5% during the second quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock valued at $784,657,000 after buying an additional 1,439,946 shares during the last quarter. Boston Partners lifted its position in shares of Masco by 53.1% during the second quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock valued at $519,757,000 after buying an additional 4,714,941 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Masco by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock valued at $506,663,000 after buying an additional 763,078 shares during the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.
Masco Company Profile
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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