Masco Corporation (MAS) Set to Announce Earnings on Tuesday
Masco Corporation (NYSE:MAS) is set to post its quarterly earnings results before the market opens on Tuesday, October 24th. Analysts expect Masco Corporation to post earnings of $0.53 per share for the quarter. Masco Corporation has set its FY17 guidance at $1.93-2.00 EPS.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts expect Masco Corporation to post $1.97 EPS for the current fiscal year and $2.23 EPS for the next fiscal year.
Masco Corporation (NYSE MAS) opened at 38.96 on Tuesday. The stock has a market capitalization of $12.29 billion, a PE ratio of 24.09 and a beta of 1.54. The stock’s 50 day moving average price is $37.96 and its 200-day moving average price is $37.23. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.62.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be paid a $0.105 dividend. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.08%. Masco Corporation’s dividend payout ratio is presently 25.93%.
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MAS has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 price target on shares of Masco Corporation in a research report on Tuesday, July 18th. Longbow Research reaffirmed a “buy” rating and issued a $42.00 price target on shares of Masco Corporation in a report on Tuesday, July 4th. Zacks Investment Research raised Masco Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Friday, July 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Masco Corporation in a report on Wednesday, July 19th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $44.00 price target (up previously from $43.00) on shares of Masco Corporation in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.92.
In related news, VP Kenneth G. Cole sold 2,266 shares of Masco Corporation stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the completion of the transaction, the vice president now directly owns 85,693 shares in the company, valued at $3,201,490.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of Masco Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the completion of the transaction, the insider now owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,101 shares of company stock valued at $916,799. 1.30% of the stock is currently owned by company insiders.
Masco Corporation Company Profile
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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