Masco Corp (NYSE:MAS) – Research analysts at Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for shares of Masco in a research note issued to investors on Wednesday. Jefferies Group analyst P. Ng now expects that the construction company will post earnings of $0.51 per share for the quarter, up from their prior forecast of $0.46. Jefferies Group also issued estimates for Masco’s Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.65 EPS, FY2018 earnings at $2.50 EPS and FY2019 earnings at $2.80 EPS.
A number of other equities analysts have also weighed in on MAS. Robert W. Baird increased their target price on Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Citigroup increased their target price on Masco from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. FBR & Co reiterated a “buy” rating and set a $46.00 target price (up previously from $43.00) on shares of Masco in a research note on Wednesday, October 25th. Zacks Investment Research lowered Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, Royal Bank of Canada increased their target price on Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $43.47.
Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business 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%. Masco’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, January 12th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, January 11th. Masco’s dividend payout ratio is presently 24.85%.
In other Masco news, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following the sale, the chief financial officer now owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The sale 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 firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $40.07, for a total value of $682,231.82. Following the completion of the sale, the vice president now directly owns 101,681 shares in the company, valued at approximately $4,074,357.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,961 shares of company stock worth $3,537,891. Company insiders own 1.30% of the company’s stock.
Several hedge funds have recently modified their holdings of MAS. Cubist Systematic Strategies LLC boosted its holdings in shares of Masco by 56.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock valued at $1,364,000 after acquiring an additional 12,649 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Masco by 2.3% during the 3rd quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock valued at $19,396,000 after acquiring an additional 11,362 shares in the last quarter. Palladium Partners LLC boosted its holdings in shares of Masco by 1.1% during the 3rd quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock valued at $11,544,000 after acquiring an additional 3,250 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Masco during the 2nd quarter valued at $2,824,000. Finally, Villere ST Denis J & Co. LLC acquired a new stake in shares of Masco during the 3rd quarter valued at $253,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: “Q1 2018 Earnings Forecast for Masco Corp (MAS) Issued By Jefferies Group” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/01/19/q1-2018-earnings-forecast-for-masco-corp-mas-issued-by-jefferies-group.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.
Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.