Equities analysts forecast that Masco Co. (NYSE:MAS – Get Rating) will post $0.88 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Masco’s earnings. The lowest EPS estimate is $0.80 and the highest is $1.01. Masco reported earnings of $0.89 per share in the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The company is expected to issue its next quarterly earnings results before the market opens on Monday, January 1st.
On average, analysts expect that Masco will report full-year earnings of $4.17 per share for the current year, with EPS estimates ranging from $4.07 to $4.24. For the next fiscal year, analysts expect that the business will report earnings of $4.61 per share, with EPS estimates ranging from $4.40 to $4.71. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Masco.
Masco (NYSE:MAS – Get Rating) last announced its quarterly earnings results on Tuesday, February 8th. The construction company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.04). The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Masco had a return on equity of 856.22% and a net margin of 4.90%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS.
Shares of NYSE MAS traded down $1.23 during mid-day trading on Friday, hitting $50.93. 1,849,636 shares of the company’s stock traded hands, compared to its average volume of 1,973,230. The company’s 50-day moving average is $53.72 and its two-hundred day moving average is $61.05. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.76 and a quick ratio of 1.14. The company has a market capitalization of $12.05 billion, a P/E ratio of 31.05, a PEG ratio of 1.16 and a beta of 1.35. Masco has a 1 year low of $48.78 and a 1 year high of $71.06.
The company also recently announced a quarterly dividend, which was paid on Monday, March 14th. Investors of record on Friday, February 25th were given a dividend of $0.28 per share. This is a boost from Masco’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 24th. This represents a $1.12 dividend on an annualized basis and a yield of 2.20%. Masco’s dividend payout ratio is presently 68.29%.
In other Masco news, CEO Keith J. Allman sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $49.88, for a total value of $498,800.00. Following the completion of the transaction, the chief executive officer now owns 298,295 shares of the company’s stock, valued at $14,878,954.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Keith J. Allman sold 43,884 shares of the firm’s stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $60.68, for a total transaction of $2,662,881.12. The disclosure for this sale can be found here. Insiders have sold 66,331 shares of company stock valued at $3,911,613 in the last three months. 1.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of MAS. Allspring Global Investments Holdings LLC purchased a new position in shares of Masco during the fourth quarter worth $196,210,000. AustralianSuper Pty Ltd grew its position in Masco by 752.8% during the third quarter. AustralianSuper Pty Ltd now owns 3,078,998 shares of the construction company’s stock valued at $171,038,000 after buying an additional 2,717,941 shares during the period. Norges Bank acquired a new stake in Masco during the fourth quarter valued at $158,583,000. Standard Investments LLC grew its position in Masco by 67.4% during the third quarter. Standard Investments LLC now owns 1,850,000 shares of the construction company’s stock valued at $102,768,000 after buying an additional 745,000 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Masco by 3.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 21,229,307 shares of the construction company’s stock valued at $1,490,722,000 after buying an additional 615,687 shares during the period. 92.35% of the stock is owned by hedge funds and other institutional investors.
Masco Company Profile (Get Rating)
Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.
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