Analysts Expect Masco Corp (MAS) Will Announce Earnings of $0.77 Per Share
Equities research analysts expect Masco Corp (NYSE:MAS) to report earnings of $0.77 per share for the current quarter, Zacks reports. Nine analysts have made estimates for Masco’s earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.82. Masco posted earnings per share of $0.60 during the same quarter last year, which suggests a positive year-over-year growth rate of 28.3%. The company is scheduled to announce its next earnings results on Thursday, July 26th.
On average, analysts expect that Masco will report full year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.50 to $2.56. For the next year, analysts forecast that the firm will post earnings of $2.88 per share, with EPS estimates ranging from $2.80 to $2.93. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Masco.
Masco (NYSE:MAS) last posted its earnings results on Tuesday, April 24th. The construction company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.86 billion. Masco had a return on equity of 512.88% and a net margin of 6.96%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share.
In other news, Director Lisa A. Payne sold 5,577 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $41.85, for a total transaction of $233,397.45. Following the completion of the sale, the director now directly owns 56,766 shares in the company, valued at approximately $2,375,657.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. lifted its position in shares of Masco by 12.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 9,274,700 shares of the construction company’s stock worth $407,529,000 after buying an additional 1,056,570 shares during the last quarter. Boston Partners lifted its position in shares of Masco by 0.5% during the 1st quarter. Boston Partners now owns 9,255,024 shares of the construction company’s stock worth $374,273,000 after buying an additional 46,458 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Masco by 2.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,978,024 shares of the construction company’s stock worth $174,794,000 after buying an additional 105,645 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Masco by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 3,287,133 shares of the construction company’s stock worth $144,121,000 after buying an additional 114,239 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Masco by 7.6% during the 4th quarter. Two Sigma Advisers LP now owns 3,096,687 shares of the construction company’s stock worth $136,068,000 after buying an additional 218,282 shares during the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.
MAS traded up $0.23 during trading on Monday, hitting $38.20. The stock had a trading volume of 61,485 shares, compared to its average volume of 3,657,133. The company has a market capitalization of $12.02 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.00 and a beta of 1.49. Masco has a one year low of $35.79 and a one year high of $46.44. The company has a debt-to-equity ratio of 16.23, a current ratio of 1.69 and a quick ratio of 1.10.
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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