Masco Corp (NYSE:MAS) – Research analysts at Jefferies Financial Group reduced their Q3 2018 earnings per share (EPS) estimates for Masco in a report issued on Monday, October 15th. Jefferies Financial Group analyst P. Ng now anticipates that the construction company will post earnings per share of $0.70 for the quarter, down from their previous estimate of $0.73. Jefferies Financial Group also issued estimates for Masco’s Q4 2018 earnings at $0.58 EPS and FY2019 earnings at $2.90 EPS.

Other research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Masco from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Citigroup boosted their target price on shares of Masco from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Cfra reiterated a “buy” rating and set a $46.00 target price on shares of Masco in a research report on Sunday, August 5th. Evercore ISI upgraded shares of Masco from an “in-line” rating to an “outperform” rating in a research report on Monday, October 1st. Finally, Robert W. Baird set a $42.00 target price on shares of Masco and gave the company a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.44.

Shares of NYSE MAS opened at $31.00 on Wednesday. The company has a market capitalization of $11.25 billion, a PE ratio of 15.98, a PEG ratio of 0.99 and a beta of 1.39. Masco has a 52-week low of $30.88 and a 52-week high of $46.44. The company has a debt-to-equity ratio of 23.57, a quick ratio of 1.10 and a current ratio of 1.67.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, July 31st. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. Masco had a return on equity of 490.27% and a net margin of 7.41%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, October 11th. This is a positive change from Masco’s previous quarterly dividend of $0.11. Masco’s payout ratio is 24.74%.

In other Masco news, CFO John G. Sznewajs sold 96,869 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the completion of the sale, the chief financial officer now owns 237,578 shares in the company, valued at approximately $9,253,663.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph B. Gross sold 1,286 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $39.91, for a total transaction of $51,324.26. Following the sale, the insider now owns 48,740 shares of the company’s stock, valued at approximately $1,945,213.40. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Acropolis Investment Management LLC bought a new stake in shares of Masco in the 3rd quarter worth $146,000. Capital Investment Advisors LLC bought a new stake in shares of Masco in the 2nd quarter worth $202,000. Kovack Advisors Inc. bought a new stake in shares of Masco in the 3rd quarter worth $200,000. Point72 Hong Kong Ltd grew its stake in shares of Masco by 8,377.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,595 shares of the construction company’s stock worth $209,000 after acquiring an additional 5,529 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new stake in shares of Masco in the 1st quarter worth $226,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Masco Company Profile

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.

Further Reading: Buyback

Earnings History and Estimates for Masco (NYSE:MAS)

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