Research Analysts Set Expectations for Masco FY2024 Earnings

Masco Co. (NYSE:MAS) – Equities researchers at Zacks Research reduced their FY2024 EPS estimates for Masco in a research report issued on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the construction company will earn $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 MAS. Truist Financial upped their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Loop Capital upped their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.96.

Masco Stock Up 1.8 %

Shares of NYSE:MAS opened at $78.41 on Thursday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The company has a market cap of $16.92 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24. Masco has a 52 week low of $58.89 and a 52 week high of $86.70. The firm has a 50 day simple moving average of $81.78 and a 200 day simple moving average of $75.37.

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

Institutional Trading of Masco

Hedge funds have recently bought and sold shares of the stock. Manning & Napier Advisors LLC bought a new stake in Masco in the 2nd quarter valued at $82,363,000. Boston Trust Walden Corp boosted its holdings in Masco by 28.3% in the 2nd quarter. Boston Trust Walden Corp now owns 467,897 shares of the construction company’s stock valued at $31,195,000 after purchasing an additional 103,310 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Masco by 12.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 210,512 shares of the construction company’s stock valued at $16,600,000 after purchasing an additional 22,540 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Masco by 507.8% during the 1st quarter. Cetera Investment Advisers now owns 29,148 shares of the construction company’s stock worth $2,299,000 after acquiring an additional 24,352 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Masco by 16.9% during the 1st quarter. Toronto Dominion Bank now owns 142,652 shares of the construction company’s stock worth $11,252,000 after acquiring an additional 20,666 shares during the period. 93.91% of the stock is owned by institutional investors.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction on 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 completion of the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This represents a 50.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. Masco’s payout ratio is presently 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.