MasterBrand (NYSE:MBC) Updates FY24 Earnings Guidance

MasterBrand (NYSE:MBC) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.50-1.62 for the period, compared to the consensus estimate of $1.53. MasterBrand also updated its FY 2024 guidance to 1.500-1.620 EPS.

MasterBrand Stock Performance

Shares of MBC stock traded down $0.28 during trading hours on Friday, hitting $15.17. The company’s stock had a trading volume of 121,571 shares, compared to its average volume of 957,355. MasterBrand has a 12-month low of $10.53 and a 12-month high of $19.07. The company has a current ratio of 2.06, a quick ratio of 1.34 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.93 billion, a PE ratio of 10.88 and a beta of 1.51. The company has a 50 day moving average of $15.83 and a 200 day moving average of $16.34.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. MasterBrand had a return on equity of 16.75% and a net margin of 6.86%. The firm had revenue of $676.50 million during the quarter.

MasterBrand Company Profile

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.