Wall Street analysts expect that Masco Corp (NYSE:MAS) will report sales of $1.64 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Masco’s earnings, with the lowest sales estimate coming in at $1.63 billion and the highest estimate coming in at $1.67 billion. Masco posted sales of $2.04 billion in the same quarter last year, which would indicate a negative year over year growth rate of 19.6%. The company is expected to announce its next quarterly earnings report on Thursday, February 6th.
On average, analysts expect that Masco will report full year sales of $6.72 billion for the current fiscal year, with estimates ranging from $6.70 billion to $6.75 billion. For the next year, analysts anticipate that the company will post sales of $6.96 billion, with estimates ranging from $6.87 billion to $7.10 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Masco.
Masco (NYSE:MAS) last released its earnings results on Wednesday, October 30th. The construction company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). Masco had a return on equity of 1,500.49% and a net margin of 8.27%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year.
MAS stock traded down $0.41 during trading on Friday, reaching $46.14. 882,330 shares of the stock were exchanged, compared to its average volume of 2,136,729. Masco has a twelve month low of $27.03 and a twelve month high of $47.51. The company has a market capitalization of $13.32 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. The stock has a 50 day simple moving average of $45.27 and a 200-day simple moving average of $40.85. The company has a current ratio of 1.46, a quick ratio of 0.98 and a debt-to-equity ratio of 120.48.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, October 11th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.17%. This is an increase from Masco’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, October 10th. Masco’s payout ratio is presently 21.60%.
Masco announced that its board has authorized a share repurchase plan on Tuesday, September 17th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 16.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
In other news, insider Richard A. O’reagan sold 11,125 shares of the business’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 business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 209,338 shares of company stock worth $9,580,323 over the last ninety days. Company insiders own 1.17% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rational Advisors LLC boosted its holdings in shares of Masco by 111.6% in the 2nd quarter. Rational Advisors LLC now owns 658 shares of the construction company’s stock worth $26,000 after acquiring an additional 347 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of Masco by 94.5% in the 2nd quarter. Johnson Financial Group Inc. now owns 706 shares of the construction company’s stock worth $27,000 after acquiring an additional 343 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in shares of Masco in the 2nd quarter worth approximately $30,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Masco in the 2nd quarter worth approximately $30,000. Finally, Usca Ria LLC acquired a new position in shares of Masco in the 3rd quarter worth approximately $32,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.
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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