MasterBrand (NYSE:MBC) Releases FY 2024 Earnings Guidance

MasterBrand (NYSE:MBC - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.500-1.620 for the period, compared to the consensus estimate of 1.490. The company issued revenue guidance of -.

MasterBrand Stock Performance

NYSE MBC traded up $0.73 during trading hours on Tuesday, hitting $18.37. 1,056,526 shares of the company's stock traded hands, compared to its average volume of 913,709. The firm has a market capitalization of $2.33 billion, a P/E ratio of 13.33 and a beta of 1.53. MasterBrand has a 52 week low of $11.38 and a 52 week high of $19.31. The business's fifty day moving average price is $17.45 and its two-hundred day moving average price is $16.56. The company has a current ratio of 2.24, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55.

MasterBrand (NYSE:MBC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%. The firm had revenue of $676.50 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Loop Capital raised their target price on MasterBrand from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th.

Insider Activity

In other news, CAO Mark A. Young sold 4,715 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the sale, the chief accounting officer now directly owns 45,148 shares in the company, valued at $737,266.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the transaction, the director now directly owns 45,520 shares of the company's stock, valued at $726,044. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mark A. Young sold 4,715 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the completion of the transaction, the chief accounting officer now directly owns 45,148 shares in the company, valued at $737,266.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,806 shares of company stock worth $365,567 in the last ninety days. Company insiders own 1.38% of the company's stock.

MasterBrand Company Profile

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.

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