Zacks Research Has Pessimistic View of Masco FY2024 Earnings

Masco Co. (NYSE:MAS - Free Report) - Stock analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Masco in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the construction company will post earnings per share of $4.11 for the year, down from their previous forecast of $4.12. The consensus estimate for Masco's current full-year earnings is $4.09 per share. Zacks Research also issued estimates for Masco's Q4 2024 earnings at $0.90 EPS, Q1 2025 earnings at $0.99 EPS, Q2 2025 earnings at $1.27 EPS, Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $4.44 EPS, Q1 2026 earnings at $1.10 EPS, Q2 2026 earnings at $1.34 EPS, Q3 2026 earnings at $1.26 EPS and FY2026 earnings at $4.84 EPS.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.08. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Masco from $80.00 to $83.50 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Loop Capital upped their target price on Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Masco from $90.00 to $92.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Robert W. Baird lowered their price target on Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Finally, Truist Financial raised their target price on shares of Masco from $84.00 to $92.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Masco presently has a consensus rating of "Hold" and an average target price of $85.96.

Masco Stock Performance

Shares of MAS stock opened at $77.01 on Thursday. Masco has a 12 month low of $58.89 and a 12 month high of $86.70. The company's fifty day simple moving average is $81.79 and its 200-day simple moving average is $75.35. The firm has a market cap of $16.61 billion, a PE ratio of 20.48, a P/E/G ratio of 2.47 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, November 8th. Masco's dividend payout ratio (DPR) is 30.85%.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares of the company's stock, valued at $2,896,273.60. The trade was a 50.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company's stock.

Institutional Trading of Masco

Several large investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new stake in Masco during the first quarter worth about $25,000. Innealta Capital LLC acquired a new position in Masco during the second quarter worth about $25,000. Family Firm Inc. acquired a new position in Masco during the second quarter worth about $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock worth $38,000 after acquiring an additional 179 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Masco in the 3rd quarter valued at approximately $38,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

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

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