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 -.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Masco from $75.00 to $74.00 and set an in-line rating for the company in a research note on Thursday, April 25th. Citigroup lowered their price objective on shares of Masco from $73.00 to $66.00 and set a neutral rating for the company in a research note on Thursday, July 11th. Royal Bank of Canada upped their price objective on shares of Masco from $79.00 to $80.00 and gave the stock an outperform rating in a research note on Thursday, April 25th. Jefferies Financial Group upped their price objective on shares of Masco from $83.00 to $86.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Finally, Loop Capital lowered their price objective on shares of Masco from $79.00 to $76.00 and set a hold rating for the company in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $72.69.

Masco Stock Performance

MAS traded up $5.30 during trading on Thursday, reaching $75.88. 3,677,245 shares of the company’s stock were exchanged, compared to its average volume of 1,969,930. Masco has a 1 year low of $47.66 and a 1 year high of $78.94. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.09. The stock has a market capitalization of $16.71 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company’s fifty day simple moving average is $68.64 and its 200-day simple moving average is $71.17.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. Masco’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. As a group, research analysts predict that Masco will post 4.08 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, August 2nd. Masco’s dividend payout ratio (DPR) is 28.43%.

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.