Wall Street analysts expect that Masco Corp (NYSE:MAS) will announce $2.02 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Masco’s earnings, with estimates ranging from $1.98 billion to $2.08 billion. Masco posted sales of $1.87 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The firm is expected to report its next quarterly earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Masco will report full year sales of $8.34 billion for the current fiscal year, with estimates ranging from $8.30 billion to $8.40 billion. For the next fiscal year, analysts expect that the business will report sales of $8.76 billion, with estimates ranging from $8.67 billion to $8.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Masco.
Masco (NYSE:MAS) last released its earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.05). Masco had a return on equity of 409.25% and a net margin of 7.65%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company posted $0.50 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year.
In other news, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $38.95, for a total value of $3,773,047.55. Following the transaction, the chief financial officer now directly owns 237,578 shares in the company, valued at approximately $9,253,663.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard A. Manoogian sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $31.24, for a total value of $1,562,000.00. Following the completion of the transaction, the director now owns 625,961 shares in the company, valued at $19,555,021.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,869 shares of company stock worth $6,900,048. Company insiders own 1.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT grew its stake in shares of Masco by 4,126.8% in the second quarter. Iridian Asset Management LLC CT now owns 3,100,364 shares of the construction company’s stock valued at $116,016,000 after buying an additional 3,027,014 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Masco by 147.3% in the second quarter. Point72 Asset Management L.P. now owns 2,312,287 shares of the construction company’s stock valued at $86,526,000 after buying an additional 1,377,136 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Masco by 1,747.5% in the second quarter. Advisors Asset Management Inc. now owns 1,361,542 shares of the construction company’s stock valued at $2,598,000 after buying an additional 1,287,847 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Masco by 189.4% in the second quarter. Janus Henderson Group PLC now owns 1,823,176 shares of the construction company’s stock valued at $68,217,000 after buying an additional 1,193,132 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Masco by 259.5% in the third quarter. SG Americas Securities LLC now owns 1,356,462 shares of the construction company’s stock valued at $49,647,000 after buying an additional 979,136 shares in the last quarter. Institutional investors own 89.61% of the company’s stock.
NYSE MAS remained flat at $$31.03 during trading hours on Monday. The company had a trading volume of 4,801,635 shares, compared to its average volume of 5,967,539. Masco has a 1 year low of $27.15 and a 1 year high of $46.44. The stock has a market capitalization of $9.62 billion, a P/E ratio of 15.99, a PEG ratio of 0.92 and a beta of 1.56. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Masco’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, October 11th. Masco’s dividend payout ratio (DPR) is 24.74%.
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.
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