Q1 2018 Earnings Forecast for Masco Corp (MAS) Issued By Jefferies Group

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.

Shares of Masco (NYSE MAS) opened at $46.27 on Friday. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43. The stock has a market capitalization of $14,550.00, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.58. Masco has a 52 week low of $31.29 and a 52 week high of $46.44.

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.

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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.

Earnings History and Estimates for Masco (NYSE:MAS)

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