Masco Corp to Post FY2022 Earnings of $3.50 Per Share, Gabelli Forecasts (MAS)

Masco Corp (NYSE:MAS) – Investment analysts at Gabelli issued their FY2022 earnings per share (EPS) estimates for shares of Masco in a note issued to investors on Friday. Gabelli analyst A. Lacayo expects that the construction company will earn $3.50 per share for the year.

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

MAS has been the topic of several other research reports. Wells Fargo & Co lowered Masco from an “outperform” rating to a “market perform” rating and set a $44.00 price objective on the stock. in a research note on Wednesday, October 25th. Credit Suisse Group restated a “neutral” rating and issued a $46.00 price objective (up previously from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Nomura set a $45.00 price objective on Masco and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Raymond James Financial restated a “market perform” rating on shares of Masco in a research note on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.07.

Shares of Masco (NYSE:MAS) opened at $42.65 on Monday. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.49. The stock has a market capitalization of $13,203.18, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49. Masco has a 52 week low of $32.88 and a 52 week high of $46.44.

The company also recently announced 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 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s payout ratio is 25.45%.

In other news, VP Renee Straber sold 2,574 shares of the company’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 transaction, the vice president now owns 65,423 shares of the company’s stock, valued at $2,783,748.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Masco by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 915,358 shares of the construction company’s stock worth $34,975,000 after buying an additional 4,832 shares in the last quarter. Janus Henderson Group PLC grew its position in Masco by 682.9% during the second quarter. Janus Henderson Group PLC now owns 378,659 shares of the construction company’s stock worth $14,469,000 after buying an additional 330,291 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Masco during the second quarter worth approximately $4,153,000. The Manufacturers Life Insurance Company grew its position in Masco by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 378,220 shares of the construction company’s stock worth $14,453,000 after buying an additional 13,399 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Masco by 185.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 67,471 shares of the construction company’s stock worth $2,578,000 after buying an additional 43,839 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.

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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 and Estimates for Masco (NYSE:MAS)

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