Brokerages expect Masco Corp (NYSE:MAS) to report $0.56 earnings per share (EPS) for the current quarter, according to Zacks. Nine analysts have provided estimates for Masco’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.58. Masco posted earnings of $0.44 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 27.3%. The business is expected to issue its next earnings report before the market opens on Thursday, February 7th.

According to Zacks, analysts expect that Masco will report full-year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.43. For the next fiscal year, analysts expect that the firm will post earnings of $2.71 per share, with EPS estimates ranging from $2.54 to $2.87. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Masco.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). Masco had a net margin of 7.65% and a return on equity of 409.25%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis.

Several brokerages recently commented on MAS. Zacks Investment Research downgraded shares of Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Jefferies Financial Group restated a “buy” rating and set a $48.00 target price on shares of Masco in a research note on Wednesday, October 31st. Citigroup cut their target price on shares of Masco from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Wells Fargo & Co reiterated a “buy” rating on shares of Masco in a research report on Tuesday, October 30th. Finally, Royal Bank of Canada upgraded shares of Masco from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $37.00 to $38.00 in a report on Monday, December 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $41.14.

In other news, insider Richard A. O’reagan sold 12,900 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $31.48, for a total transaction of $406,092.00. Following the sale, the insider now owns 61,443 shares in the company, valued at $1,934,225.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard A. Manoogian sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $31.30, for a total value of $1,565,000.00. Following the sale, the director now owns 575,961 shares in the company, valued at approximately $18,027,579.30. The disclosure for this sale can be found here. Insiders sold a total of 212,900 shares of company stock valued at $6,631,092 in the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Masco by 103.4% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,655 shares of the construction company’s stock worth $134,000 after buying an additional 1,858 shares during the period. Acropolis Investment Management LLC acquired a new stake in Masco in the 3rd quarter valued at about $146,000. NuWave Investment Management LLC raised its position in Masco by 3,600.9% in the 3rd quarter. NuWave Investment Management LLC now owns 4,182 shares of the construction company’s stock valued at $153,000 after purchasing an additional 4,069 shares in the last quarter. Kovack Advisors Inc. acquired a new position in Masco during the third quarter worth approximately $200,000. Finally, Atria Investments LLC purchased a new position in shares of Masco in the 3rd quarter valued at approximately $207,000. Institutional investors and hedge funds own 89.20% of the company’s stock.

NYSE MAS traded down $0.32 during mid-day trading on Friday, hitting $32.49. The stock had a trading volume of 145,213 shares, compared to its average volume of 3,774,414. Masco has a 52-week low of $27.03 and a 52-week high of $46.44. The company has a market capitalization of $10.00 billion, a P/E ratio of 16.75, a PEG ratio of 0.86 and a beta of 1.45. The company has a debt-to-equity ratio of 14.35, a current ratio of 1.71 and a quick ratio of 1.13.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Investors of record on Friday, January 11th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, January 10th. Masco’s dividend payout ratio (DPR) is presently 24.74%.

About Masco

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.

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