Masco (NYSE:MAS) Issues FY 2024 Earnings Guidance

Masco (NYSE:MAS) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.050-4.200 for the period, compared to the consensus estimate of 4.090. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAS. Truist Financial boosted their target price on shares of Masco from $81.00 to $84.00 and gave the company a buy rating in a research note on Friday. StockNews.com lowered Masco from a buy rating to a hold rating in a research report on Friday, May 3rd. Robert W. Baird raised their price objective on Masco from $84.00 to $88.00 and gave the stock an outperform rating in a research report on Friday. Barclays upped their target price on Masco from $79.00 to $88.00 and gave the company an overweight rating in a report on Friday. Finally, Evercore ISI decreased their price target on shares of Masco from $75.00 to $74.00 and set an in-line rating for the company in a report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $74.57.

Masco Stock Performance

MAS stock traded up $1.61 on Friday, reaching $77.45. 2,520,031 shares of the company were exchanged, compared to its average volume of 1,974,535. The stock’s fifty day moving average price is $68.78 and its 200 day moving average price is $71.25. The firm has a market capitalization of $17.06 billion, a PE ratio of 18.98, a PEG ratio of 1.87 and a beta of 1.24. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.09. Masco has a 12 month low of $47.66 and a 12 month high of $78.94.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.04. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. On average, research analysts anticipate that Masco will post 4.08 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 2nd will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. Masco’s dividend payout ratio is presently 28.43%.

Masco Company Profile

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