Research Analysts Set Expectations for Masco FY2024 Earnings

Masco Co. (NYSE:MAS) – Equities research analysts at Zacks Research cut their FY2024 earnings estimates for shares of Masco in a note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the construction company will post earnings of $4.11 per share 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.

Several other research analysts have also weighed in on the stock. Evercore ISI lifted their price objective on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. 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. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, UBS Group lifted their price target on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.96.

Masco Stock Up 1.8 %

Masco stock opened at $78.41 on Thursday. The company’s 50 day simple moving average is $81.78 and its 200 day simple moving average is $75.37. Masco has a fifty-two week low of $58.89 and a fifty-two week high of $86.70. The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.47 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the company earned $1.00 EPS. Masco’s revenue was up .2% on a year-over-year basis.

Hedge Funds Weigh In On Masco

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

Insider Buying and Selling at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. Masco’s dividend payout ratio is currently 30.85%.

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.