Masco (NYSE:MAS) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 24th. Analysts expect Masco to post earnings of $0.50 per share for the quarter. Masco has set its FY18 guidance at $2.48-2.63 EPS.
Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, analysts expect Masco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE MAS opened at $40.92 on Tuesday. The company has a debt-to-equity ratio of 16.87, a quick ratio of 1.49 and a current ratio of 1.97. Masco has a 12 month low of $33.07 and a 12 month high of $46.44. The company has a market capitalization of $12,739.36, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50.
In related news, Director Lisa A. Payne sold 5,577 shares of the stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $41.85, for a total transaction of $233,397.45. Following the sale, the director now owns 56,766 shares in the company, valued at approximately $2,375,657.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Michael Losh sold 5,592 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $42.02, for a total value of $234,975.84. Following the sale, the director now owns 69,926 shares in the company, valued at approximately $2,938,290.52. The disclosure for this sale can be found here. Insiders have sold a total of 109,727 shares of company stock worth $4,695,460 over the last ninety days. Insiders own 1.20% of the company’s stock.
A number of research analysts recently commented on the company. Deutsche Bank raised Masco from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Thursday, March 22nd. Zacks Investment Research cut Masco from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Argus set a $50.00 price target on Masco and gave the stock a “buy” rating in a report on Friday. They noted that the move was a valuation call. JPMorgan Chase cut Masco from an “overweight” rating to a “neutral” rating in a report on Friday, January 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $46.00 price objective (up from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Masco presently has an average rating of “Buy” and an average target price of $44.87.
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Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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