Masco Corp to Post Q1 2018 Earnings of $0.53 Per Share, SunTrust Banks Forecasts (MAS)

Masco Corp (NYSE:MAS) – Equities research analysts at SunTrust Banks boosted their Q1 2018 earnings estimates for shares of Masco in a research report issued on Thursday. SunTrust Banks analyst K. Hughes now anticipates that the construction company will post earnings of $0.53 per share for the quarter, up from their previous forecast of $0.49. SunTrust Banks also issued estimates for Masco’s Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.61 EPS.

Masco (NYSE:MAS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, beating 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 company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis.

A number of other equities research analysts also recently commented on MAS. Wells Fargo & Co downgraded Masco from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research report on Wednesday, October 25th. Royal Bank of Canada lifted their target price 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 restated a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. Robert W. Baird lifted their target price 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 target price on Masco and gave the company a “buy” rating in a research report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Masco currently has an average rating of “Buy” and an average target price of $44.07.

Shares of Masco (NYSE MAS) opened at $42.13 on Monday. Masco has a 1 year low of $32.88 and a 1 year high of $46.44. The company has a quick ratio of 1.43, a current ratio of 1.97 and a debt-to-equity ratio of 16.87. The company has a market capitalization of $13,203.16, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49.

Several hedge funds have recently bought and sold shares of MAS. APG Asset Management N.V. raised its holdings in shares of Masco by 32.1% in the 4th quarter. APG Asset Management N.V. now owns 6,489,828 shares of the construction company’s stock valued at $237,478,000 after buying an additional 1,577,500 shares during the period. Alyeska Investment Group L.P. increased its holdings in Masco by 41.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,814,420 shares of the construction company’s stock worth $109,791,000 after purchasing an additional 824,665 shares during the period. JPMorgan Chase & Co. increased its holdings in Masco by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock worth $506,663,000 after purchasing an additional 763,078 shares during the period. Bank of Montreal Can increased its holdings in Masco by 308.9% during the 4th quarter. Bank of Montreal Can now owns 855,369 shares of the construction company’s stock worth $37,585,000 after purchasing an additional 646,158 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Masco by 147.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 707,534 shares of the construction company’s stock worth $27,589,000 after purchasing an additional 421,631 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Friday, January 12th will be issued a $0.105 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.42 annualized dividend and a dividend yield of 1.00%. Masco’s dividend payout ratio is presently 25.45%.

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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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