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.

MAS has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Masco from a “buy” rating to a “sell” rating in a research note on Tuesday, October 3rd. Robert W. Baird upped their price target on shares of Masco from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. KeyCorp reaffirmed a “hold” rating on shares of Masco in a research note on Tuesday, September 26th. Royal Bank Of Canada upped their price target on shares of Masco from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Argus upped their price target on shares of Masco from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Masco presently has an average rating of “Buy” and an average target price of $42.88.

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.

COPYRIGHT VIOLATION NOTICE: “$0.43 EPS Expected for Masco Corp (MAS) This Quarter” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/12/05/0-43-eps-expected-for-masco-corp-mas-this-quarter.html.

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.

Get a free copy of the Zacks research report on Masco (MAS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Masco (NYSE:MAS)

Receive News & Ratings for Masco Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco Corp and related companies with MarketBeat.com's FREE daily email newsletter.