Masco Corp Forecasted to Post Q1 2018 Earnings of $0.49 Per Share (MAS)

Masco Corp (NYSE:MAS) – Research analysts at B. Riley issued their Q1 2018 earnings per share estimates for Masco in a research note issued to investors on Friday. B. Riley analyst A. Rygiel expects that the construction company will post earnings per share of $0.49 for the quarter. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Masco’s Q2 2018 earnings at $0.81 EPS, Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.59 EPS and FY2019 earnings at $2.92 EPS.

Masco (NYSE:MAS) last released its earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year.

Several other research analysts have also recently weighed in on MAS. Wells Fargo & Co cut Masco from an “outperform” rating to a “market perform” rating and set a $44.00 price target for the company. in a research report on Wednesday, October 25th. Royal Bank of Canada lifted their price target on Masco from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Raymond James Financial reiterated a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. Robert W. Baird lifted their price target on Masco from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Nomura set a $45.00 price target on Masco and gave the company a “buy” rating in a research report on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.07.

Shares of Masco (NYSE:MAS) opened at $42.13 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.43 and a debt-to-equity ratio of 16.87. Masco has a twelve month low of $32.88 and a twelve month high of $46.44. The company has a market capitalization of $13,203.16, a PE ratio of 25.53, a P/E/G ratio of 1.05 and a beta of 1.49.

Several institutional investors have recently bought and sold shares of MAS. First Personal Financial Services purchased a new stake in shares of Masco in the fourth quarter valued at approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in shares of Masco in the fourth quarter valued at approximately $114,000. Advisory Services Network LLC increased its position in shares of Masco by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after buying an additional 763 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Masco by 299.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after buying an additional 2,772 shares in the last quarter. Finally, Parsons Capital Management Inc. RI purchased a new stake in shares of Masco in the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

In other news, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the completion of the sale, the vice president now directly owns 65,423 shares in the company, valued at $2,783,748.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

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 given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, January 11th. Masco’s dividend payout ratio (DPR) is presently 25.45%.

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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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