Jefferies Group Analysts Raise Earnings Estimates for Masco Corporation (NYSE:MAS)

Masco Corporation (NYSE:MAS) – Equities research analysts at Jefferies Group lifted their FY2017 earnings estimates for shares of Masco Corporation in a research report issued to clients and investors on Thursday. Jefferies Group analyst P. Ng now forecasts that the construction company will earn $1.97 per share for the year, up from their previous forecast of $1.94. Jefferies Group currently has a “Buy” rating and a $45.00 price target on the stock. Jefferies Group also issued estimates for Masco Corporation’s Q4 2017 earnings at $0.43 EPS and FY2018 earnings at $2.27 EPS.

Masco Corporation (NYSE:MAS) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the company posted $0.46 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year.

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Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 price objective on shares of Masco Corporation in a research note on Tuesday, July 18th. MKM Partners reiterated a “buy” rating and set a $44.00 price objective (up from $43.00) on shares of Masco Corporation in a research note on Tuesday. Zacks Investment Research upgraded shares of Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a research note on Wednesday, April 26th. Nomura initiated coverage on shares of Masco Corporation in a research note on Wednesday, April 12th. They set a “buy” rating and a $39.00 price objective for the company. Finally, Longbow Research restated a “buy” rating and issued a $42.00 target price on shares of Masco Corporation in a research note on Tuesday, July 4th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.79.

Shares of Masco Corporation (NYSE MAS) traded up 0.87% during midday trading on Monday, hitting $38.46. 240,084 shares of the stock were exchanged. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $39.37. The firm has a market cap of $12.13 billion, a P/E ratio of 23.78 and a beta of 1.56. The firm has a 50 day moving average of $38.43 and a 200 day moving average of $35.65.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its position in Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the period. Trust Co. of Vermont increased its position in Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after buying an additional 125 shares during the period. Pathstone Family Office LLC purchased a new position in Masco Corporation during the first quarter worth about $103,000. Edmond DE Rothschild Holding S.A. increased its position in Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after buying an additional 106 shares during the period. Finally, VNBTrust National Association purchased a new position in Masco Corporation during the second quarter worth about $203,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

In other Masco Corporation news, Director Richard A. Manoogian sold 60,323 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $37.11, for a total transaction of $2,238,586.53. Following the transaction, the director now directly owns 622,281 shares in the company, valued at approximately $23,092,847.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Renee Straber sold 4,452 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $38.58, for a total transaction of $171,758.16. Following the transaction, the vice president now owns 65,961 shares in the company, valued at $2,544,775.38. The disclosure for this sale can be found here. Insiders have sold a total of 159,984 shares of company stock worth $5,926,424 over the last quarter. 1.30% of the stock is currently owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, July 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.05%. Masco Corporation’s dividend payout ratio (DPR) is 24.69%.

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.

Earnings History and Estimates for Masco Corporation (NYSE:MAS)

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