Wall Street analysts forecast that Masco Corp (NYSE:MAS) will announce $0.53 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Masco’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.51. Masco reported earnings of $0.64 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.2%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, February 11th.

On average, analysts expect that Masco will report full year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.26. For the next fiscal year, analysts anticipate that the company will report earnings of $2.56 per share, with EPS estimates ranging from $2.45 to $2.67. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Masco.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01). Masco had a net margin of 8.27% and a return on equity of 1,500.49%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year.

A number of research firms recently weighed in on MAS. Atlantic Securities began coverage on Masco in a research report on Monday, December 16th. They issued an “overweight” rating and a $60.00 price target for the company. Buckingham Research downgraded Masco from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $49.00 to $46.00 in a research note on Wednesday, September 18th. JPMorgan Chase & Co. increased their price objective on Masco from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 18th. Bank of America reduced their price objective on Masco from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Goldman Sachs Group began coverage on Masco in a research note on Friday, December 6th. They issued a “buy” rating and a $55.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.88.

In related news, insider Richard A. O’reagan sold 11,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $45.85, for a total value of $510,081.25. Following the transaction, the insider now directly owns 43,278 shares of the company’s stock, valued at approximately $1,984,296.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard A. Manoogian sold 123,138 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $45.83, for a total value of $5,643,414.54. Following the completion of the transaction, the director now directly owns 506,513 shares in the company, valued at $23,213,490.79. The disclosure for this sale can be found here. Insiders have sold a total of 290,650 shares of company stock valued at $13,385,233 over the last ninety days. Company insiders own 1.17% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Usca Ria LLC acquired a new stake in Masco in the 3rd quarter valued at approximately $32,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Masco in the 3rd quarter valued at approximately $42,000. CSat Investment Advisory L.P. grew its holdings in Masco by 88.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,198 shares of the construction company’s stock valued at $47,000 after buying an additional 562 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Masco by 1,817.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,783 shares of the construction company’s stock valued at $74,000 after buying an additional 1,690 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Masco by 18.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,005 shares of the construction company’s stock worth $79,000 after purchasing an additional 315 shares in the last quarter. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MAS traded up $0.23 during midday trading on Friday, reaching $48.25. The company had a trading volume of 627,229 shares, compared to its average volume of 1,921,154. The company has a debt-to-equity ratio of 120.48, a quick ratio of 0.98 and a current ratio of 1.46. Masco has a 1-year low of $30.48 and a 1-year high of $48.41. The firm has a market cap of $13.73 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.86 and a beta of 1.43. The company has a fifty day simple moving average of $47.25 and a two-hundred day simple moving average of $43.14.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, January 9th. Masco’s dividend payout ratio (DPR) is presently 21.60%.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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