Masco Corp (MAS) Forecasted to Earn FY2018 Earnings of $2.50 Per Share
Masco Corp (NYSE:MAS) – Stock analysts at KeyCorp issued their FY2018 earnings per share estimates for shares of Masco in a research report issued to clients and investors on Tuesday. KeyCorp analyst K. Zener expects that the construction company will post earnings of $2.50 per share for the year.
Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. Masco’s revenue was up 6.5% on a year-over-year basis.
Masco (NYSE:MAS) opened at $40.51 on Friday. Masco has a one year low of $32.97 and a one year high of $46.44. The stock has a market cap of $12,740.00, a PE ratio of 25.16, a P/E/G ratio of 1.03 and a beta of 1.51. The company has a quick ratio of 1.49, a current ratio of 1.97 and a debt-to-equity ratio of 16.87.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Friday, January 12th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, January 11th. Masco’s dividend payout ratio (DPR) is presently 26.09%.
In other news, VP Renee Straber sold 2,574 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $42.55, for a total transaction of $109,523.70. Following the sale, the vice president now owns 65,423 shares in the company, valued at $2,783,748.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph B. Gross sold 10,203 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $42.95, for a total transaction of $438,218.85. Following the sale, the insider now owns 51,020 shares in the company, valued at approximately $2,191,309. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,070 shares of company stock worth $4,329,764. Corporate insiders own 1.30% of the company’s stock.
Large investors have recently bought and sold shares of the company. First Personal Financial Services purchased a new stake in shares of Masco during the fourth quarter valued at approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in shares of Masco during the fourth quarter valued at approximately $114,000. Avestar Capital LLC purchased a new stake in shares of Masco during the fourth quarter valued at approximately $135,000. Tower Research Capital LLC TRC grew its holdings in shares of Masco by 299.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after buying an additional 2,772 shares during the last quarter. Finally, Parsons Capital Management Inc. RI purchased a new stake in shares of Masco during the fourth quarter valued at approximately $204,000. Hedge funds and other institutional investors own 87.79% of the company’s stock.
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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.
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