Wall Street brokerages predict that Masco Corp (NYSE:MAS) will post $2.17 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Masco’s earnings. The lowest sales estimate is $2.13 billion and the highest is $2.20 billion. Masco posted sales of $1.94 billion in the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 23rd.

According to Zacks, analysts expect that Masco will report full-year sales of $8.46 billion for the current financial year, with estimates ranging from $8.41 billion to $8.50 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $8.96 billion per share, with estimates ranging from $8.85 billion to $9.08 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Masco.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, July 31st. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Masco had a net margin of 7.41% and a return on equity of 490.27%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share.

Several equities analysts have weighed in on the company. ValuEngine downgraded Masco from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Cfra reaffirmed a “buy” rating and issued a $46.00 target price on shares of Masco in a research report on Sunday, August 5th. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Bank of America lifted their target price on Masco from $44.00 to $45.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Finally, B. Riley lifted their target price on Masco from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Masco has an average rating of “Buy” and a consensus price target of $45.76.

NYSE MAS traded down $0.04 during trading on Friday, hitting $38.19. The stock had a trading volume of 2,017,600 shares, compared to its average volume of 3,348,224. The company has a market cap of $11.88 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.04 and a beta of 1.42. The company has a debt-to-equity ratio of 23.57, a current ratio of 1.67 and a quick ratio of 1.10. Masco has a twelve month low of $35.79 and a twelve month high of $46.44.

In other news, CFO John G. Sznewajs sold 96,869 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the completion of the transaction, the chief financial officer now directly owns 237,578 shares of the company’s stock, valued at $9,253,663.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph B. Gross sold 1,286 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $39.91, for a total value of $51,324.26. Following the transaction, the insider now directly owns 48,740 shares of the company’s stock, valued at $1,945,213.40. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in MAS. Voya Investment Management LLC boosted its holdings in Masco by 15.4% in the second quarter. Voya Investment Management LLC now owns 3,765,150 shares of the construction company’s stock valued at $140,891,000 after purchasing an additional 501,978 shares in the last quarter. Iridian Asset Management LLC CT boosted its holdings in Masco by 4,126.8% in the second quarter. Iridian Asset Management LLC CT now owns 3,100,364 shares of the construction company’s stock valued at $116,016,000 after purchasing an additional 3,027,014 shares in the last quarter. Millennium Management LLC boosted its holdings in Masco by 2,720.8% in the first quarter. Millennium Management LLC now owns 2,357,770 shares of the construction company’s stock valued at $95,348,000 after purchasing an additional 2,274,184 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Masco by 147.3% in the second quarter. Point72 Asset Management L.P. now owns 2,312,287 shares of the construction company’s stock valued at $86,526,000 after purchasing an additional 1,377,136 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Masco by 45.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,011,984 shares of the construction company’s stock valued at $75,289,000 after purchasing an additional 626,222 shares in the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

About Masco

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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Earnings History and Estimates for Masco (NYSE:MAS)

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