Q2 2018 Earnings Forecast for Masco Corp Issued By Jefferies Group (MAS)

Masco Corp (NYSE:MAS) – Stock analysts at Jefferies Group raised their Q2 2018 EPS estimates for shares of Masco in a report issued on Thursday. Jefferies Group analyst P. Ng now anticipates that the construction company will post earnings per share of $0.81 for the quarter, up from their previous estimate of $0.79. Jefferies Group also issued estimates for Masco’s Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.57 EPS and FY2019 earnings at $2.91 EPS.

Masco (NYSE:MAS) last announced its quarterly 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 net margin of 6.97% and a return on equity of 1,000.81%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year.

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

Masco (NYSE MAS) opened at $42.13 on Monday. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.43. Masco has a 1-year low of $32.88 and a 1-year high of $46.44. The company has a market cap of $13,203.16, a PE ratio of 25.53, a P/E/G ratio of 1.05 and a beta of 1.49.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Suntrust Banks Inc. increased its position in shares of Masco by 4.9% during the fourth quarter. Suntrust Banks Inc. now owns 33,685 shares of the construction company’s stock worth $1,479,000 after acquiring an additional 1,588 shares during the period. Norinchukin Bank The increased its position in shares of Masco by 6.1% during the fourth quarter. Norinchukin Bank The now owns 25,150 shares of the construction company’s stock worth $1,105,000 after acquiring an additional 1,436 shares during the period. Ontario Teachers Pension Plan Board increased its position in shares of Masco by 90.7% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 99,250 shares of the construction company’s stock worth $4,361,000 after acquiring an additional 47,198 shares during the period. Synovus Financial Corp increased its position in shares of Masco by 3.8% during the fourth quarter. Synovus Financial Corp now owns 100,679 shares of the construction company’s stock worth $4,423,000 after acquiring an additional 3,695 shares during the period. Finally, American International Group Inc. increased its position in shares of Masco by 5.5% during the fourth quarter. American International Group Inc. now owns 174,107 shares of the construction company’s stock worth $7,650,000 after acquiring an additional 9,064 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

In other Masco news, VP Renee Straber sold 2,574 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were 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 owns 65,423 shares of the company’s stock, valued at $2,783,748.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

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