Masco (MAS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Masco (MAS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Masco (MAS) Surpasses Q2 Earnings Estimates
Masco (MAS) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.19 per share a year ago.
Masco (MAS) to Report Q2 Earnings: Here's What to Expect
Masco's (MAS) second-quarter results are likely to reflect inflationary pressure and demand softness.
Ardian buys majority stake in engineering group Masco
French investment firm Ardian has bought a majority stake in Italian pharmaceutical and biotech company Masco, the firms said on Monday, in a deal which two sources said gave an enterprise value of around 700 million euros ($762 million) for the stake.
Masco: Growth Acceleration Can Drive Medium-Term Upside
Masco Corporation stock has performed well since my previous bullish article, gaining over 30%. Expectations for revenue recovery are low going into Q2 earnings, but stabilizing demand trends are expected. The company is gaining market share, benefiting from strength in PRO paints channel and secular demand trends in repair and remodeling sectors.
Masco: An Interesting Picture Has Been Painted
Shares of Masco Corporation have largely followed the market higher since I last rated the firm a 'hold' in October 2022. This is in spite of a decline in revenue and due in part to a rise in profits and cash flows. The picture for the business is improving, but it's not ready for an upgrade, even as earnings near.
Analysts Estimate Masco (MAS) to Report a Decline in Earnings: What to Look Out for
Masco (MAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Masco Lost 16% in 3 Months: Should You Buy MAS Stock on the Dip?
Masco Corporation MAS shares have lost 15.8%% in the past three months compared with the Zacks Building Products – Miscellaneous industry's 10.9% decline and the broader Zacks Construction sector's 9.3% dip. It has also lagged the S&P 500's rise of 6.6%.
Here's Why Masco (MAS) is a Strong Value Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Why Is Masco (MAS) Down 1.6% Since Last Earnings Report?
Masco (MAS) reported earnings 30 days ago. What's next for the stock?
Vanguard Personalized Indexing Management LLC Buys 1,372 Shares of Masco Co. (NYSE:MAS)
Vanguard Personalized Indexing Management LLC lifted its position in Masco Co. (NYSE:MAS – Free Report) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,819 shares of the construction company’s stock after buying an additional 1,372 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Masco were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other large investors also recently modified their holdings of MAS. Vanguard Group Inc. grew its position in Masco by 1.2% during the third quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company’s stock valued at $1,378,337,000 after buying an additional 298,116 shares during the period. Boston Partners grew its holdings in Masco by 1.8% during the fourth quarter. Boston Partners now owns 9,180,364 shares of the construction company’s stock valued at $615,282,000 after purchasing an additional 159,052 shares during the period. Van ECK Associates Corp increased its position in Masco by 4.8% in the fourth quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock worth $373,411,000 after buying an additional 254,040 shares in the last quarter. Northern Trust Corp raised its stake in shares of Masco by 3.8% in the third quarter. Northern Trust Corp now owns 3,934,986 shares of the construction company’s stock worth $210,325,000 after buying an additional 145,472 shares during the period. Finally, AustralianSuper Pty Ltd lifted its position in shares of Masco by 1.8% during the 4th quarter. AustralianSuper Pty Ltd now owns 3,333,651 shares of the construction company’s stock valued at $223,288,000 after buying an additional 57,395 shares in the last quarter. Institutional investors own 93.91% of the company’s stock. Wall Street Analyst Weigh In A number of equities research analysts have commented on the stock. Loop Capital decreased their target price on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Royal Bank of Canada increased their price target on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Citigroup lifted their target price on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Evercore ISI cut their price objective on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Masco currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.15. Get Our Latest Stock Report on MAS Insider Activity In related news, VP Kenneth G. Cole sold 36,210 shares of Masco stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the completion of the transaction, the vice president now directly owns 58,885 shares of the company’s stock, valued at approximately $4,395,765.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the transaction, the vice president now owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth G. Cole sold 36,210 shares of Masco stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the sale, the vice president now owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,762 shares of company stock valued at $6,337,597. 1.10% of the stock is currently owned by company insiders. Masco Stock Down 0.3 % Shares of NYSE:MAS opened at $70.16 on Monday. The company has a 50-day moving average price of $73.53 and a 200 day moving average price of $69.12. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.84 and a beta of 1.28. Masco (NYSE:MAS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS. As a group, equities research analysts predict that Masco Co. will post 4.11 earnings per share for the current year. Masco Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 24th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 23rd. Masco’s dividend payout ratio (DPR) is 28.43%. About Masco (Free Report) 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.
