Masco Co. Expected to Post Q4 2022 Earnings of $0.92 Per Share (NYSE:MAS)

Masco Co. (NYSE:MASGet Rating) – Investment analysts at Jefferies Financial Group cut their Q4 2022 earnings per share (EPS) estimates for shares of Masco in a research note issued on Wednesday, April 27th. Jefferies Financial Group analyst P. Ng now forecasts that the construction company will post earnings per share of $0.92 for the quarter, down from their previous forecast of $0.94. Jefferies Financial Group also issued estimates for Masco’s FY2023 earnings at $4.33 EPS.

Several other equities research analysts have also issued reports on MAS. Wells Fargo & Company dropped their price target on Masco from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 21st. Bank of America lowered Masco from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $75.00 to $55.00 in a research report on Monday, April 11th. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating and set a $57.00 target price on the stock in a research report on Friday. JPMorgan Chase & Co. dropped their target price on Masco from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 20th. Finally, UBS Group started coverage on Masco in a research report on Wednesday, January 19th. They issued a “buy” rating and a $86.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Masco has a consensus rating of “Buy” and a consensus target price of $64.69.

Masco stock opened at $55.06 on Friday. The stock has a market cap of $13.02 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.35. The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 52.66. The stock has a 50 day moving average of $53.38 and a 200-day moving average of $60.93. Masco has a 52 week low of $48.78 and a 52 week high of $71.06.

Masco (NYSE:MASGet Rating) last released its earnings results on Wednesday, April 27th. The construction company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Masco had a return on equity of 856.22% and a net margin of 4.90%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS.

A number of institutional investors have recently added to or reduced their stakes in MAS. Allspring Global Investments Holdings LLC bought a new stake in Masco during the 4th quarter valued at approximately $196,210,000. AustralianSuper Pty Ltd raised its stake in Masco by 752.8% during the 3rd quarter. AustralianSuper Pty Ltd now owns 3,078,998 shares of the construction company’s stock valued at $171,038,000 after purchasing an additional 2,717,941 shares during the last quarter. Norges Bank bought a new stake in Masco in the 4th quarter valued at $158,583,000. Standard Investments LLC grew its position in Masco by 67.4% in the 3rd quarter. Standard Investments LLC now owns 1,850,000 shares of the construction company’s stock worth $102,768,000 after purchasing an additional 745,000 shares during the last quarter. 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 worth $1,490,722,000 after buying an additional 615,687 shares in the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO John G. Sznewajs sold 12,447 shares of the firm’s stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $60.25, for a total transaction of $749,931.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Keith J. Allman sold 43,884 shares of the company’s stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $60.68, for a total value of $2,662,881.12. The disclosure for this sale can be found here. Insiders have sold 66,331 shares of company stock worth $3,911,613 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 14th. Investors of record on Friday, February 25th were paid a $0.28 dividend. This is a positive change from Masco’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 24th. This represents a $1.12 dividend on an annualized basis and a yield of 2.03%. Masco’s dividend payout ratio (DPR) is currently 68.29%.

About Masco (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.

Read More

Earnings History and Estimates for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.