Equities Analysts Issue Forecasts for Masco Corp’s Q1 2018 Earnings (MAS)

Masco Corp (NYSE:MAS) – Stock analysts at SunTrust Banks boosted their Q1 2018 earnings per share (EPS) estimates for Masco in a research report issued to clients and investors on Thursday. SunTrust Banks analyst K. Hughes now forecasts that the construction company will earn $0.53 per share for the quarter, up from their prior forecast of $0.49. SunTrust Banks also issued estimates for Masco’s Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.61 EPS.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business earned $0.33 EPS. Masco’s revenue was up 6.5% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada set a $46.00 price objective on Masco and gave the company a “buy” rating in a report on Friday, February 9th. Credit Suisse Group restated a “neutral” rating and set a $46.00 price objective (up previously from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Masco from an “overweight” rating to a “neutral” rating in a report on Friday, January 5th. Zacks Investment Research upgraded Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Wednesday, January 3rd. Finally, B. Riley reaffirmed a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.07.

Masco (NYSE MAS) opened at $42.76 on Monday. Masco has a 1-year low of $32.88 and a 1-year high of $46.44. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 16.87. The stock has a market capitalization of $13,450.00, a price-to-earnings ratio of 25.76, a P/E/G ratio of 1.04 and a beta of 1.49.

The business also recently declared a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, January 12th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, January 11th. Masco’s payout ratio is 25.30%.

In related news, VP Renee Straber sold 2,574 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the transaction, the vice president now directly owns 65,423 shares of the company’s stock, valued at approximately $2,783,748.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MAS. Dimensional Fund Advisors LP grew its stake in Masco by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 915,358 shares of the construction company’s stock valued at $34,975,000 after purchasing an additional 4,832 shares during the last quarter. Janus Henderson Group PLC grew its stake in Masco by 682.9% during the 2nd quarter. Janus Henderson Group PLC now owns 378,659 shares of the construction company’s stock valued at $14,469,000 after purchasing an additional 330,291 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Masco during the 2nd quarter valued at about $4,153,000. The Manufacturers Life Insurance Company grew its stake in Masco by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 378,220 shares of the construction company’s stock valued at $14,453,000 after purchasing an additional 13,399 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Masco by 185.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 67,471 shares of the construction company’s stock valued at $2,578,000 after purchasing an additional 43,839 shares during the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

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Masco Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Earnings History and Estimates for Masco (NYSE:MAS)

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