Masco Corporation (NYSE:MAS) – Analysts at KeyCorp lowered their FY2017 earnings per share estimates for Masco Corporation in a note issued to investors on Tuesday, Zacks Investment Research reports. KeyCorp analyst K. Zener now forecasts that the construction company will post earnings per share of $1.94 for the year, down from their previous forecast of $1.96. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Masco Corporation’s FY2018 earnings at $2.18 EPS.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “KeyCorp Analysts Cut Earnings Estimates for Masco Corporation (MAS)” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/11/11/analysts-set-expectations-for-masco-corporations-fy2017-earnings-mas.html.
Several other analysts also recently weighed in on the stock. Robert W. Baird reissued a “buy” rating and set a $42.00 target price on shares of Masco Corporation in a research report on Monday, August 28th. Zacks Investment Research downgraded shares of Masco Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC reissued a “buy” rating and set a $45.00 target price on shares of Masco Corporation in a research report on Wednesday, July 19th. Credit Suisse Group set a $36.00 target price on shares of Masco Corporation and gave the stock a “hold” rating in a research report on Thursday, July 27th. Finally, Barclays PLC boosted their target price on shares of Masco Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.71.
Masco Corporation (MAS) traded down $0.01 during trading hours on Thursday, reaching $38.61. 2,038,400 shares of the company’s stock traded hands, compared to its average volume of 2,657,703. The stock has a market cap of $12,148.51, a P/E ratio of 20.99, a PEG ratio of 1.20 and a beta of 1.56. Masco Corporation has a 12 month low of $30.08 and a 12 month high of $41.10. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be paid a $0.105 dividend. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, October 12th. Masco Corporation’s payout ratio is currently 25.00%.
In related news, CFO John G. Sznewajs sold 52,511 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.83, for a total value of $2,091,513.13. Following the completion of the sale, the chief financial officer now owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John P. Lindow sold 17,026 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the completion of the sale, the vice president now directly owns 101,681 shares of the company’s stock, valued at approximately $4,074,357.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,140 shares of company stock valued at $2,946,110. Company insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of MAS. OppenheimerFunds Inc. increased its holdings in Masco Corporation by 1.5% in the 1st quarter. OppenheimerFunds Inc. now owns 26,718 shares of the construction company’s stock worth $908,000 after acquiring an additional 404 shares in the last quarter. Teachers Advisors LLC increased its holdings in Masco Corporation by 5.7% in the 1st quarter. Teachers Advisors LLC now owns 2,082,848 shares of the construction company’s stock worth $70,796,000 after acquiring an additional 112,667 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Masco Corporation in the 1st quarter worth $256,000. Dimensional Fund Advisors LP increased its holdings in Masco Corporation by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 910,526 shares of the construction company’s stock worth $30,947,000 after acquiring an additional 9,759 shares in the last quarter. Finally, KCG Holdings Inc. grew its holdings in shares of Masco Corporation by 89.5% during the first quarter. KCG Holdings Inc. now owns 25,825 shares of the construction company’s stock worth $878,000 after buying an additional 12,194 shares in the last quarter. 89.79% of the stock is owned by institutional investors.
Masco Corporation Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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