Masco Co. (NYSE:MAS) Expected to Post Quarterly Sales of $2.10 Billion

Equities research analysts forecast that Masco Co. (NYSE:MAS) will post sales of $2.10 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Masco’s earnings. The highest sales estimate is $2.20 billion and the lowest is $2.04 billion. Masco posted sales of $1.98 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, October 27th.

According to Zacks, analysts expect that Masco will report full-year sales of $8.25 billion for the current financial year, with estimates ranging from $8.20 billion to $8.33 billion. For the next year, analysts forecast that the company will post sales of $8.60 billion, with estimates ranging from $8.51 billion to $8.68 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Masco.

Masco (NYSE:MAS) last announced its earnings results on Thursday, July 29th. The construction company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.10. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. Masco had a net margin of 6.61% and a return on equity of 379.98%.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Masco from a “neutral” rating to an “underweight” rating and set a $61.00 target price for the company. in a research note on Wednesday, July 7th. The Goldman Sachs Group upgraded shares of Masco from a “neutral” rating to a “buy” rating and upped their target price for the company from $71.00 to $73.00 in a research note on Wednesday, June 30th. Barclays decreased their target price on shares of Masco from $64.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, July 15th. Zacks Investment Research upgraded shares of Masco from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Wednesday, August 4th. Finally, Loop Capital dropped their target price on shares of Masco from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Monday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Masco presently has an average rating of “Buy” and an average price target of $66.77.

Shares of MAS stock opened at $61.08 on Wednesday. The company has a market capitalization of $15.10 billion, a PE ratio of 30.69 and a beta of 1.30. The firm has a fifty day simple moving average of $58.96 and a 200-day simple moving average of $60.18. The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 49.17. Masco has a twelve month low of $51.53 and a twelve month high of $68.54.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 30th. Investors of record on Friday, August 13th were issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.54%. The ex-dividend date was Thursday, August 12th. Masco’s dividend payout ratio is currently 30.13%.

In other news, CEO Keith J. Allman sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 14th. The stock was sold at an average price of $57.22, for a total transaction of $572,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of MAS. First Trust Advisors LP bought a new position in shares of Masco during the first quarter valued at approximately $1,280,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Masco by 2.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,139 shares of the construction company’s stock valued at $1,326,000 after purchasing an additional 529 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Masco by 1.0% during the first quarter. Mutual of America Capital Management LLC now owns 33,482 shares of the construction company’s stock valued at $2,006,000 after purchasing an additional 327 shares during the last quarter. South Dakota Investment Council bought a new position in shares of Masco during the first quarter valued at approximately $294,000. Finally, Guggenheim Capital LLC grew its holdings in shares of Masco by 5.6% during the first quarter. Guggenheim Capital LLC now owns 95,848 shares of the construction company’s stock valued at $5,741,000 after purchasing an additional 5,096 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

Masco Company Profile

Masco Corp. engages in the design, manufacture, marketing and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products and Decorative Architectural Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Earnings History and Estimates for Masco (NYSE:MAS)

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