Masco (MAS) to Release Earnings on Wednesday

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Masco (NYSE:MAS) is scheduled to release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Masco to post earnings of $0.71 per share for the quarter. Masco has set its FY19 guidance at $2.62-2.72 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Masco had a net margin of 8.77% and a return on equity of 792.80%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts expect Masco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE:MAS opened at $44.27 on Wednesday. The firm’s 50 day moving average price is $42.10 and its 200-day moving average price is $39.70. Masco has a twelve month low of $27.03 and a twelve month high of $44.51. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 39.03. The stock has a market capitalization of $12.69 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.42.

Masco announced that its board has approved a share repurchase program on Tuesday, September 17th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 16.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, October 11th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 10th. This is a boost from Masco’s previous quarterly dividend of $0.12. Masco’s dividend payout ratio is 21.60%.

In other Masco news, CFO John G. Sznewajs sold 85,473 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $40.88, for a total transaction of $3,494,136.24. Following the completion of the sale, the chief financial officer now directly owns 318,403 shares of the company’s stock, valued at approximately $13,016,314.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.17% of the stock is currently owned by company insiders.

A number of equities research analysts have commented on MAS shares. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating and set a $46.00 target price on the stock in a research note on Tuesday. TheStreet cut shares of Masco from a “b” rating to a “c+” rating in a research note on Friday, July 26th. Barclays raised their target price on shares of Masco from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Buckingham Research cut shares of Masco from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $49.00 to $46.00 in a research note on Wednesday, September 18th. Finally, Argus raised their target price on shares of Masco from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.53.

Masco Company Profile

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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