Masco (NYSE:MAS) Releases FY 2024 Earnings Guidance

Masco (NYSE:MAS) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.050-4.200 for the period, compared to the consensus estimate of 4.090. The company issued revenue guidance of -.

Masco Stock Performance

NYSE:MAS traded up $5.30 during mid-day trading on Thursday, hitting $75.88. The stock had a trading volume of 3,677,245 shares, compared to its average volume of 1,969,930. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.89 and a beta of 1.24. The company has a 50 day simple moving average of $68.64 and a 200-day simple moving average of $71.17. Masco has a 52 week low of $47.66 and a 52 week high of $78.94. 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 (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. Masco’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. On average, research analysts expect that Masco will post 4.08 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Friday, August 2nd will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.16 annualized dividend and a yield of 1.53%. Masco’s dividend payout ratio is presently 28.43%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Loop Capital lowered 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. Barclays lowered their price objective on shares of Masco from $87.00 to $79.00 and set an overweight rating on the stock in a research note on Friday, July 12th. Citigroup lowered their price objective on shares of Masco from $73.00 to $66.00 and set a neutral rating on the stock in a research note on Thursday, July 11th. Evercore ISI lowered their price objective on shares of Masco from $75.00 to $74.00 and set an in-line rating on the stock in a research note on Thursday, April 25th. Finally, Royal Bank of Canada lifted their target price on shares of Masco from $79.00 to $80.00 and gave the stock an outperform rating in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $72.69.

Masco Company Profile

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.