Research Analysts Set Expectations for Masco Corp’s Q2 2018 Earnings (MAS)
Masco Corp (NYSE:MAS) – Equities research analysts at Jefferies Group increased their Q2 2018 EPS estimates for Masco in a research report issued on Thursday. Jefferies Group analyst P. Ng now expects that the construction company will earn $0.81 per share for the quarter, up from their prior estimate of $0.79. Jefferies Group also issued estimates for Masco’s Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.57 EPS and FY2019 earnings at $2.91 EPS.
Masco (NYSE:MAS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year.
Shares of Masco (NYSE:MAS) opened at $43.12 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 firm has a market cap of $13,203.18, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49.
The company 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. The ex-dividend date was Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.97%. Masco’s dividend payout ratio (DPR) is currently 25.45%.
In other news, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $42.55, for a total value of $109,523.70. Following the transaction, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. First Personal Financial Services acquired a new position in shares of Masco during the 4th quarter valued at $100,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Masco during the 4th quarter valued at $114,000. Advisory Services Network LLC lifted its position in shares of Masco by 27.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after acquiring an additional 763 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Masco by 299.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after acquiring an additional 2,772 shares during the period. Finally, Parsons Capital Management Inc. RI acquired a new position in shares of Masco during the 4th quarter valued at $204,000. Hedge funds and other institutional investors own 88.25% of the company’s stock.
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.
Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.