Equities research analysts expect Masco Corp (NYSE:MAS) to report $2.02 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Masco’s earnings, with the lowest sales estimate coming in at $1.98 billion and the highest estimate coming in at $2.08 billion. Masco posted sales of $1.87 billion during the same quarter last year, which suggests a positive year over year growth rate of 8%. The business is expected to report its next earnings report on Thursday, February 14th.

On average, analysts expect that Masco will report full-year sales of $8.34 billion for the current fiscal year, with estimates ranging from $8.30 billion to $8.40 billion. For the next year, analysts forecast that the firm will report sales of $8.76 billion, with estimates ranging from $8.67 billion to $8.92 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Masco.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). Masco had a net margin of 7.65% and a return on equity of 409.25%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $0.50 EPS. Masco’s revenue for the quarter was up 8.0% compared to the same quarter last year.

Several equities analysts have recently commented on the company. Royal Bank of Canada raised Masco from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $37.00 to $38.00 in a research report on Monday. Citigroup decreased their target price on Masco from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Deutsche Bank decreased their target price on Masco from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Argus set a $43.00 target price on Masco and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, Nomura set a $40.00 target price on Masco and gave the company a “buy” rating in a research report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $42.68.

Shares of Masco stock traded down $1.85 on Wednesday, hitting $30.68. The stock had a trading volume of 4,292,994 shares, compared to its average volume of 3,967,901. Masco has a twelve month low of $27.15 and a twelve month high of $46.44. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 14.35. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 0.95 and a beta of 1.56.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Friday, October 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. This is an increase from Masco’s previous quarterly dividend of $0.11. Masco’s dividend payout ratio is currently 24.74%.

In other Masco news, Director Richard A. Manoogian sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $31.30, for a total value of $1,565,000.00. Following the sale, the director now owns 575,961 shares of the company’s stock, valued at approximately $18,027,579.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard A. Manoogian sold 100,000 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $30.98, for a total value of $3,098,000.00. Following the completion of the sale, the director now directly owns 625,961 shares in the company, valued at approximately $19,392,271.78. The disclosure for this sale can be found here. Insiders have sold 212,900 shares of company stock worth $6,631,092 in the last three months. 1.20% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of MAS. Capital Research Global Investors acquired a new stake in shares of Masco in the 3rd quarter valued at $337,123,000. Iridian Asset Management LLC CT boosted its holdings in shares of Masco by 4,126.8% in 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 purchasing an additional 3,027,014 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Masco by 147.3% in 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 purchasing an additional 1,377,136 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Masco by 1,747.5% in 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 purchasing an additional 1,287,847 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Masco by 189.4% in 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 purchasing an additional 1,193,132 shares in the last quarter. 89.27% of the stock is currently owned by hedge funds and other institutional investors.

About Masco

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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