Masco (NYSE:MAS) Posts Earnings Results, Beats Expectations By $0.25 EPS

Masco (NYSE:MAS) posted its earnings results on Wednesday. The construction company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.25, MarketWatch Earnings reports. Masco had a negative return on equity of 1,729.19% and a net margin of 19.23%.

Shares of MAS stock opened at $53.97 on Friday. The company has a debt-to-equity ratio of 64.11, a current ratio of 1.50 and a quick ratio of 1.15. The company has a market capitalization of $14.11 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.51. The firm’s 50-day moving average is $56.42 and its two-hundred day moving average is $51.06. Masco has a 12 month low of $27.04 and a 12 month high of $60.16.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be issued a $0.14 dividend. The ex-dividend date is Thursday, October 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Masco’s previous quarterly dividend of $0.14. Masco’s dividend payout ratio is currently 24.89%.

A number of brokerages have recently issued reports on MAS. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Masco from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group lowered shares of Masco from a “buy” rating to a “neutral” rating and cut their price target for the stock from $65.00 to $60.00 in a report on Wednesday, September 30th. TheStreet upgraded Masco from a “c+” rating to a “b” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on Masco from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price target on Masco from $54.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Masco presently has an average rating of “Buy” and an average target price of $54.92.

In other Masco news, insider Richard A. O’reagan sold 46,247 shares of Masco stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $57.12, for a total value of $2,641,628.64. Following the sale, the insider now owns 82,300 shares in the company, valued at $4,700,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Renee Straber sold 49,447 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $57.22, for a total value of $2,829,357.34. Following the completion of the transaction, the vice president now directly owns 78,300 shares in the company, valued at approximately $4,480,326. The disclosure for this sale can be found here. Corporate insiders own 1.23% 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 operates through two segments, Plumbing Products and Decorative Architectural Products. The 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, and fitness systems; brass, copper, and composite plumbing system components; thermoplastic extrusions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

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Earnings History for Masco (NYSE:MAS)

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