MasterBrand (MBC) Scheduled to Post Earnings on Tuesday

MasterBrand (NYSE:MBC) is scheduled to release its earnings data 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 are interested in participating in the company’s earnings conference call can do so using this link.

MasterBrand (NYSE:MBC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) 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 during the quarter.

MasterBrand Trading Up 3.0 %

NYSE MBC opened at $18.51 on Tuesday. The business has a 50 day simple moving average of $17.27 and a 200 day simple moving average of $16.53. MasterBrand has a one year low of $10.82 and a one year high of $19.31. The stock has a market capitalization of $2.35 billion, a P/E ratio of 13.04 and a beta of 1.49. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43.

Wall Street Analysts Forecast Growth

Separately, Loop Capital raised their target price on MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

Insider Activity at MasterBrand

In related news, 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 owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, 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 owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $16.33, for a total value 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,806 shares of company stock valued at $365,567 over the last 90 days. Insiders own 1.38% of the company’s stock.

MasterBrand Company Profile

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.