Zacks: Brokerages Anticipate Masco Co. (NYSE:MAS) to Announce $0.78 Earnings Per Share

Wall Street analysts predict that Masco Co. (NYSE:MAS) will post $0.78 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Masco’s earnings, with estimates ranging from $0.71 to $0.81. Masco posted earnings per share of $0.75 during the same quarter last year, which indicates a positive year over year growth rate of 4%. The business is expected to report its next earnings results on Tuesday, February 8th.

On average, analysts expect that Masco will report full year earnings of $3.70 per share for the current financial year, with EPS estimates ranging from $3.65 to $3.73. For the next financial year, analysts expect that the company will report earnings of $4.11 per share, with EPS estimates ranging from $4.01 to $4.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Masco.

Masco (NYSE:MAS) last announced its quarterly earnings results on Wednesday, October 27th. The construction company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.11. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Masco had a net margin of 6.61% and a return on equity of 379.98%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS.

MAS has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut shares of Masco from a “neutral” rating to an “underweight” rating and set a $61.00 target price on the stock. in a research report on Wednesday, July 7th. Zacks Investment Research upgraded shares of Masco from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Wednesday, August 4th. Wells Fargo & Company initiated coverage on shares of Masco in a research note on Thursday, July 15th. They issued an “overweight” rating and a $68.00 price objective for the company. Barclays lowered their price objective on shares of Masco from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, July 15th. Finally, The Goldman Sachs Group raised shares of Masco from a “neutral” rating to a “buy” rating and raised their price target for the stock from $71.00 to $73.00 in a research note on Wednesday, June 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $66.77.

Shares of MAS stock opened at $64.26 on Monday. Masco has a 12-month low of $51.53 and a 12-month high of $68.54. The firm has a market cap of $15.88 billion, a P/E ratio of 32.29 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 49.17. The company has a 50 day moving average of $58.96 and a 200-day moving average of $60.18.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Investors of record on Friday, November 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.46%. Masco’s payout ratio is 30.13%.

In other news, CEO Keith J. Allman sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 14th. The stock was sold at an average price of $57.22, for a total transaction of $572,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of MAS. Cullen Frost Bankers Inc. boosted its position in shares of Masco by 267.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 493 shares of the construction company’s stock worth $29,000 after purchasing an additional 359 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Masco in the 2nd quarter valued at about $39,000. Evermay Wealth Management LLC acquired a new stake in shares of Masco in the 2nd quarter valued at about $42,000. Capital Analysts LLC raised its stake in shares of Masco by 627.0% in the 2nd quarter. Capital Analysts LLC now owns 727 shares of the construction company’s stock valued at $43,000 after purchasing an additional 627 shares during the period. Finally, Gemmer Asset Management LLC increased its position in shares of Masco by 256.3% in the second quarter. Gemmer Asset Management LLC now owns 741 shares of the construction company’s stock valued at $44,000 after acquiring an additional 533 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

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 and Decorative Architectural 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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