Masco Co. to Post Q2 2024 Earnings of $1.15 Per Share, Zacks Research Forecasts (NYSE:MAS)

Masco Co. (NYSE:MAS - Free Report) - Investment analysts at Zacks Research decreased their Q2 2024 earnings per share estimates for Masco in a research report issued on Wednesday, May 15th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings per share of $1.15 for the quarter, down from their prior estimate of $1.20. The consensus estimate for Masco's current full-year earnings is $4.11 per share. Zacks Research also issued estimates for Masco's Q3 2024 earnings at $1.11 EPS, Q4 2024 earnings at $0.91 EPS and Q4 2025 earnings at $1.07 EPS.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.06. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. Masco's revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS.

Other analysts have also issued research reports about the company. Loop Capital cut their price objective on Masco from $79.00 to $76.00 and set a "hold" rating for the company in a report on Thursday, April 25th. StockNews.com downgraded shares of Masco from a "buy" rating to a "hold" rating in a report on Friday, May 3rd. Truist Financial raised their target price on shares of Masco from $65.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Citigroup upped their price target on Masco from $74.00 to $79.00 and gave the company a "neutral" rating in a report on Friday, April 5th. Finally, Oppenheimer started coverage on Masco in a research note on Friday, January 19th. They set a "market perform" rating for the company. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $72.15.

Masco Price Performance

NYSE MAS traded down $0.18 on Friday, reaching $70.16. 950,066 shares of the stock traded hands, compared to its average volume of 1,984,581. Masco has a 12 month low of $47.66 and a 12 month high of $78.94. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.89 and a beta of 1.28. The firm's fifty day simple moving average is $73.67 and its 200 day simple moving average is $68.77. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 24th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 23rd. Masco's dividend payout ratio (DPR) is 28.43%.

Insider Buying and Selling

In related news, VP Richard Allan Marshall sold 5,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares in the company, valued at $806,328.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the transaction, the vice president now owns 58,885 shares in the company, valued at approximately $4,395,765.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now owns 10,465 shares of the company's stock, valued at $806,328.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,762 shares of company stock worth $6,337,597. 1.10% of the stock is owned by company insiders.

Institutional Trading of Masco

A number of institutional investors and hedge funds have recently made changes to their positions in MAS. Versant Capital Management Inc lifted its position in Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company's stock worth $28,000 after acquiring an additional 136 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Masco by 2.5% during the 1st quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company's stock worth $435,000 after purchasing an additional 137 shares during the last quarter. BOKF NA lifted its position in shares of Masco by 2.5% during the 1st quarter. BOKF NA now owns 6,178 shares of the construction company's stock worth $480,000 after purchasing an additional 149 shares during the last quarter. Blair William & Co. IL boosted its stake in Masco by 1.8% during the 1st quarter. Blair William & Co. IL now owns 9,516 shares of the construction company's stock valued at $751,000 after purchasing an additional 165 shares during the period. Finally, Patten & Patten Inc. TN grew its holdings in Masco by 1.6% in the 1st quarter. Patten & Patten Inc. TN now owns 10,618 shares of the construction company's stock valued at $838,000 after buying an additional 169 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

About Masco

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.