Masco (MAS) Announces Earnings Results

Masco (NYSE:MAS) announced its earnings results on Thursday. The construction company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01, Bloomberg Earnings reports. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. Masco’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Masco updated its FY18 guidance to $2.48-2.63 EPS.

Masco (NYSE MAS) traded down $1.51 during mid-day trading on Thursday, hitting $41.18. The stock had a trading volume of 4,187,688 shares, compared to its average volume of 3,084,340. Masco has a 1-year low of $31.29 and a 1-year high of $46.44. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. The firm has a market capitalization of $13,318.70, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio (DPR) is 25.00%.

In other news, VP Renee Straber sold 2,574 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the sale, the vice president now owns 65,423 shares in the company, valued at $2,783,748.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $38.85, for a total value of $654,622.50. Following the sale, the director now owns 47,909 shares in the company, valued at approximately $1,861,264.65. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its position in shares of Masco by 56.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock worth $1,364,000 after buying an additional 12,649 shares during the period. Prudential Financial Inc. raised its position in shares of Masco by 2.3% in the 3rd quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock worth $19,396,000 after buying an additional 11,362 shares during the period. Palladium Partners LLC raised its position in shares of Masco by 1.1% in the 3rd quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock worth $11,544,000 after buying an additional 3,250 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Masco by 5.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 736,811 shares of the construction company’s stock worth $28,743,000 after buying an additional 40,248 shares during the period. Finally, Villere ST Denis J & Co. LLC purchased a new position in shares of Masco in the 3rd quarter worth $253,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. Credit Suisse Group reiterated a “neutral” rating and set a $46.00 target price (up previously from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Masco from an “overweight” rating to a “neutral” rating in a report on Friday, January 5th. Zacks Investment Research upgraded Masco from a “sell” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, January 3rd. B. Riley reiterated a “buy” rating on shares of Masco in a report on Wednesday, November 1st. Finally, Argus increased their target price on Masco from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.13.

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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.

Earnings History for Masco (NYSE:MAS)

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