MasterBrand (MBC) Scheduled to Post Quarterly Earnings on Tuesday

MasterBrand (NYSE:MBC - Get Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, November 5th. MasterBrand has set its FY24 guidance at $1.50-1.62 EPS and its FY 2024 guidance at 1.500-1.620 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

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

MasterBrand Stock Down 2.5 %

Shares of MBC traded down $0.46 during trading hours on Tuesday, reaching $18.05. The stock had a trading volume of 583,259 shares, compared to its average volume of 920,184. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 12.71 and a beta of 1.49. The firm has a 50-day simple moving average of $17.32 and a 200 day simple moving average of $16.53. 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 has a 12 month low of $10.82 and a 12 month high of $19.31.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Separately, Loop Capital lifted their price objective on shares of MasterBrand from $20.00 to $23.00 and gave the company a "buy" rating in a report on Thursday, October 17th.

About MasterBrand

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.