Analysts expect that Masco Corp (NYSE:MAS) will report $0.71 earnings per share for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Masco’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.68. Masco posted earnings per share of $0.50 during the same quarter last year, which indicates a positive year over year growth rate of 42%. The company is scheduled to issue its next earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that Masco will report full-year earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.54. For the next financial year, analysts anticipate that the business will report earnings of $2.89 per share, with EPS estimates ranging from $2.75 to $2.96. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Masco.

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

Several equities research analysts have weighed in on MAS shares. Zacks Investment Research upgraded Masco from a “sell” rating to a “hold” rating in a report on Monday, July 9th. ValuEngine cut Masco from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Citigroup upgraded Masco from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, June 19th. Cfra reissued a “buy” rating and issued a $46.00 price target on shares of Masco in a research report on Sunday, August 5th. Finally, Royal Bank of Canada began coverage on Masco in a research report on Wednesday, June 27th. They issued a “sector perform” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Masco presently has a consensus rating of “Buy” and a consensus target price of $45.76.

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

A number of large investors have recently made changes to their positions in MAS. Iridian Asset Management LLC CT increased its position in Masco by 4,126.8% during the 2nd quarter. Iridian Asset Management LLC CT now owns 3,100,364 shares of the construction company’s stock valued at $116,016,000 after buying an additional 3,027,014 shares in the last quarter. Millennium Management LLC increased its position in Masco by 2,720.8% during the 1st quarter. Millennium Management LLC now owns 2,357,770 shares of the construction company’s stock valued at $95,348,000 after buying an additional 2,274,184 shares in the last quarter. Point72 Asset Management L.P. increased its position in Masco by 147.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,312,287 shares of the construction company’s stock valued at $86,526,000 after buying an additional 1,377,136 shares in the last quarter. Advisors Asset Management Inc. increased its position in Masco by 1,747.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,361,542 shares of the construction company’s stock valued at $2,598,000 after buying an additional 1,287,847 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Masco by 189.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,823,176 shares of the construction company’s stock valued at $68,217,000 after buying an additional 1,193,132 shares in the last quarter. 89.45% of the stock is currently owned by institutional investors.

Shares of MAS stock traded up $0.24 during mid-day trading on Friday, hitting $37.56. The stock had a trading volume of 40,082 shares, compared to its average volume of 2,258,112. Masco has a 12-month low of $35.79 and a 12-month high of $46.44. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.01 and a beta of 1.42. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 23.57.

Masco Company Profile

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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