Analysts expect Masco Corp (NYSE:MAS) to report sales of $1.84 billion for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Masco’s earnings, with estimates ranging from $1.78 billion to $1.87 billion. Masco reported sales of $1.76 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The company is expected to report its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Masco will report full-year sales of $1.84 billion for the current year, with estimates ranging from $7.55 billion to $7.64 billion. For the next financial year, analysts expect that the firm will report sales of $7.98 billion per share, with estimates ranging from $7.86 billion to $8.04 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Masco.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share.

Several research analysts have weighed in on the stock. Wells Fargo & Company cut shares of Masco from an “outperform” rating to a “market perform” rating and set a $44.00 price target on the stock. in a report on Wednesday, October 25th. Nomura set a $45.00 price target on shares of Masco and gave the company a “buy” rating in a report on Wednesday, October 25th. Raymond James Financial reissued a “market perform” rating on shares of Masco in a report on Wednesday, October 25th. B. Riley reissued a “buy” rating on shares of Masco in a report on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Masco in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $42.88.

Masco (NYSE MAS) traded down $0.83 during trading on Thursday, reaching $42.15. 3,054,300 shares of the company’s stock traded hands, compared to its average volume of 2,641,996. The company has a market cap of $13,310.00, a PE ratio of 23.36, a P/E/G ratio of 1.33 and a beta of 1.59. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94. Masco has a 52-week low of $31.22 and a 52-week high of $43.79.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, October 12th. This is a boost from Masco’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.00%. Masco’s dividend payout ratio (DPR) is currently 24.85%.

In related news, VP Kenneth G. Cole sold 2,266 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total transaction of $84,657.76. Following the sale, the vice president now owns 85,693 shares in the company, valued at approximately $3,201,490.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph B. Gross sold 2,337 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $37.53, for a total transaction of $87,707.61. Following the sale, the insider now owns 56,935 shares in the company, valued at approximately $2,136,770.55. The disclosure for this sale can be found here. Insiders have sold 90,990 shares of company stock worth $3,600,733 over the last ninety days. Insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MAS. NGAM Advisors L.P. boosted its position in shares of Masco by 23.0% during the 2nd quarter. NGAM Advisors L.P. now owns 56,368 shares of the construction company’s stock worth $2,154,000 after acquiring an additional 10,523 shares in the last quarter. Sei Investments Co. boosted its position in shares of Masco by 52.2% during the 2nd quarter. Sei Investments Co. now owns 90,912 shares of the construction company’s stock worth $3,474,000 after acquiring an additional 31,190 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Masco by 2.6% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 26,893 shares of the construction company’s stock worth $1,028,000 after acquiring an additional 671 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Masco by 233.3% during the 2nd quarter. IFP Advisors Inc now owns 11,960 shares of the construction company’s stock worth $457,000 after acquiring an additional 8,372 shares in the last quarter. Finally, Advisor Partners LLC boosted its position in shares of Masco by 7.7% during the 2nd quarter. Advisor Partners LLC now owns 7,603 shares of the construction company’s stock worth $291,000 after acquiring an additional 543 shares in the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

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About Masco

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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Earnings History and Estimates for Masco (NYSE:MAS)

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