Wall Street analysts forecast that Masco Corporation (NYSE:MAS) will announce earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Masco Corporation’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.42. Masco Corporation reported earnings per share of $0.33 during the same quarter last year, which would suggest a positive year over year growth rate of 30.3%. The firm is scheduled to report its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Masco Corporation will report full-year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.93 to $1.96. For the next financial year, analysts forecast that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $2.18 to $2.27. Zacks’ EPS averages are an average based on a survey of analysts that cover Masco Corporation.

Masco Corporation (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS.

A number of analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Masco Corporation in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Masco Corporation in a research note on Tuesday, September 26th. MKM Partners reaffirmed a “buy” rating and set a $44.00 target price (up previously from $43.00) on shares of Masco Corporation in a research note on Tuesday, August 1st. BidaskClub cut shares of Masco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Nomura set a $45.00 target price on shares of Masco Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.88.

Masco Corporation (MAS) traded up $0.33 during midday trading on Thursday, hitting $39.14. 2,129,213 shares of the company’s stock were exchanged, compared to its average volume of 2,645,582. The company has a market capitalization of $12,260.00, a PE ratio of 21.22, a PEG ratio of 1.21 and a beta of 1.56. Masco Corporation has a 12-month low of $30.08 and a 12-month high of $41.10. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, October 13th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a yield of 1.07%. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s dividend payout ratio is 24.85%.

In other news, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total transaction of $84,657.76. Following the transaction, the vice president now owns 85,693 shares in the company, valued at $3,201,490.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John G. Sznewajs sold 52,511 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the transaction, the chief financial officer now owns 391,443 shares in the company, valued at approximately $15,591,174.69. The disclosure for this sale can be found here. Insiders have sold 90,990 shares of company stock worth $3,600,733 in the last quarter. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware bought a new stake in Masco Corporation in the 2nd quarter worth about $101,000. YorkBridge Wealth Partners LLC lifted its stake in Masco Corporation by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock worth $110,000 after purchasing an additional 127 shares in the last quarter. Advisory Services Network LLC lifted its stake in Masco Corporation by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after purchasing an additional 763 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in Masco Corporation in the 2nd quarter worth approximately $166,000. Finally, Kings Point Capital Management lifted its stake in Masco Corporation by 50.0% in the 2nd quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock worth $172,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.watchlistnews.com/0-43-eps-expected-for-masco-corporation-mas-this-quarter/1708257.html.

About Masco Corporation

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.

Get a free copy of the Zacks research report on Masco Corporation (MAS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Masco Corporation (NYSE:MAS)

Receive News & Ratings for Masco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.