Masco (NYSE:MAS) Announces Quarterly Earnings Results

Masco (NYSE:MAS) announced its quarterly earnings data on Thursday. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.13, MarketWatch Earnings reports. Masco had a negative return on equity of 1,729.19% and a net margin of 19.23%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Masco’s revenue for the quarter was down 4.1% compared to the same quarter last year.

MAS opened at $57.16 on Friday. The stock has a fifty day moving average of $50.53 and a 200-day moving average of $44.69. The firm has a market capitalization of $15.08 billion, a P/E ratio of 11.91, a PEG ratio of 2.34 and a beta of 1.49. Masco has a 12-month low of $27.04 and a 12-month high of $57.85. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 68.16.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Friday, July 10th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.94%. Masco’s payout ratio is currently 24.00%.

In other news, CAO John P. Lindow sold 5,674 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $49.00, for a total value of $278,026.00. Following the completion of the sale, the chief accounting officer now owns 23,958 shares in the company, valued at $1,173,942. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO John P. Lindow sold 1,246 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $50.00, for a total value of $62,300.00. Following the completion of the sale, the chief accounting officer now owns 22,712 shares of the company’s stock, valued at approximately $1,135,600. The disclosure for this sale can be found here. 1.23% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on the company. Nomura Securities increased their price target on Masco from $38.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Raymond James lowered Masco from a “strong-buy” rating to a “market perform” rating and set a $52.00 price objective for the company. in a report on Friday, May 29th. Loop Capital raised Masco from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $49.00 to $41.00 in a report on Tuesday, April 7th. Deutsche Bank increased their price target on Masco from $54.00 to $64.00 and gave the company a “buy” rating in a research note on Friday. Finally, KeyCorp increased their price target on Masco from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $52.69.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Earnings History for Masco (NYSE:MAS)

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