MasterBrand (NYSE:MBC) Announces Quarterly Earnings Results

MasterBrand (NYSE:MBC) issued its quarterly earnings data on Tuesday. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03), Zacks reports. The company had revenue of $698.90 million during the quarter, compared to analyst estimates of $678.60 million. MasterBrand had a return on equity of 11.01% and a net margin of 3.00%.The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. MasterBrand updated its FY 2025 guidance to 1.010-1.130 EPS.

MasterBrand Stock Up 0.7%

MBC traded up $0.08 on Thursday, reaching $10.89. The company’s stock had a trading volume of 1,076,590 shares, compared to its average volume of 1,228,729. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.04 and a beta of 1.42. MasterBrand has a fifty-two week low of $9.63 and a fifty-two week high of $18.43. The company has a quick ratio of 1.12, a current ratio of 1.87 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $12.98 and a two-hundred day moving average of $11.88.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in MasterBrand by 12.8% during the 1st quarter. Royal Bank of Canada now owns 55,615 shares of the company’s stock worth $726,000 after acquiring an additional 6,298 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of MasterBrand by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,362 shares of the company’s stock valued at $984,000 after purchasing an additional 3,292 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in MasterBrand by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,294 shares of the company’s stock valued at $19,816,000 after buying an additional 59,879 shares during the period. Jane Street Group LLC increased its stake in shares of MasterBrand by 10.7% during the first quarter. Jane Street Group LLC now owns 357,305 shares of the company’s stock worth $4,666,000 after acquiring an additional 34,422 shares during the period. Finally, Intech Investment Management LLC increased its position in MasterBrand by 71.1% during the 1st quarter. Intech Investment Management LLC now owns 119,325 shares of the company’s stock worth $1,558,000 after purchasing an additional 49,578 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MasterBrand in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of MasterBrand from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.00.

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.