$0.64 Earnings Per Share Expected for Masco Corp (NYSE:MAS) This Quarter

Equities research analysts expect Masco Corp (NYSE:MAS) to report earnings of $0.64 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Masco’s earnings, with estimates ranging from $0.38 to $0.71. Masco reported earnings per share of $0.88 during the same quarter last year, which would suggest a negative year-over-year growth rate of 27.3%. The company is scheduled to report its next earnings results before the market opens on Thursday, July 23rd.

According to Zacks, analysts expect that Masco will report full year earnings of $2.25 per share for the current year, with EPS estimates ranging from $1.73 to $2.42. For the next year, analysts anticipate that the business will post earnings of $2.57 per share, with EPS estimates ranging from $2.13 to $2.78. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Masco.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Masco had a net margin of 18.13% and a negative return on equity of 2,296.06%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS.

Several equities research analysts have recently commented on MAS shares. Royal Bank of Canada increased their price objective on Masco from $40.00 to $51.00 in a report on Wednesday, June 17th. Wells Fargo & Co increased their price objective on Masco from $47.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating and set a $39.00 price objective for the company in a report on Wednesday, April 8th. SunTrust Banks increased their price objective on Masco from $52.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, Nomura increased their price objective on Masco from $52.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Masco currently has a consensus rating of “Buy” and an average price target of $50.57.

In other Masco news, CAO John P. Lindow sold 1,246 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,300.00. Following the transaction, the chief accounting officer now owns 22,712 shares in the company, valued at approximately $1,135,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard A. O’reagan sold 12,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $39.96, for a total value of $479,520.00. Following the transaction, the insider now owns 43,553 shares in the company, valued at approximately $1,740,377.88. The disclosure for this sale can be found here. Insiders have sold a total of 18,920 shares of company stock worth $819,846 in the last quarter. Company insiders own 1.23% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its position in shares of Masco by 234.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 16,382,228 shares of the construction company’s stock worth $566,334,000 after purchasing an additional 11,489,012 shares during the period. Capital Research Global Investors increased its position in shares of Masco by 6.0% in the fourth quarter. Capital Research Global Investors now owns 11,046,488 shares of the construction company’s stock worth $530,121,000 after purchasing an additional 624,851 shares during the period. Wells Fargo & Company MN increased its position in shares of Masco by 46.8% in the first quarter. Wells Fargo & Company MN now owns 5,248,815 shares of the construction company’s stock worth $181,451,000 after purchasing an additional 1,673,026 shares during the period. Geode Capital Management LLC increased its position in shares of Masco by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 4,427,230 shares of the construction company’s stock worth $212,030,000 after purchasing an additional 161,342 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in shares of Masco by 14.9% in the first quarter. Pictet Asset Management Ltd. now owns 4,088,098 shares of the construction company’s stock worth $141,326,000 after purchasing an additional 531,567 shares during the period. Institutional investors own 93.14% of the company’s stock.

Shares of MAS traded down $0.40 during mid-day trading on Friday, hitting $48.30. 4,442,853 shares of the company’s stock were exchanged, compared to its average volume of 3,307,870. The company has a market cap of $12.84 billion, a PE ratio of 10.13, a P/E/G ratio of 2.12 and a beta of 1.48. Masco has a 52 week low of $27.04 and a 52 week high of $50.10. The company has a 50-day simple moving average of $45.95 and a 200 day simple moving average of $43.95. The company has a debt-to-equity ratio of 120.48, a current ratio of 1.83 and a quick ratio of 1.32.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Friday, July 10th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 9th. Masco’s payout ratio is 24.00%.

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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