What is Zacks Research’s Forecast for Masco FY2024 Earnings?

Masco Co. (NYSE:MAS) – Investment analysts at Zacks Research dropped their FY2024 EPS estimates for shares of Masco in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the construction company will earn $4.11 per share for the year, down from their previous estimate 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.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year.

Other analysts have also recently issued research reports about the company. BMO Capital Markets increased their target price on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Truist Financial increased their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. Finally, Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Masco has a consensus rating of “Hold” and an average target price of $85.96.

Masco Trading Up 0.9 %

Shares of MAS stock opened at $79.01 on Thursday. The stock has a fifty day simple moving average of $81.76 and a two-hundred day simple moving average of $75.43. Masco has a 52-week low of $58.91 and a 52-week high of $86.70. The firm has a market capitalization of $17.05 billion, a PE ratio of 21.01, a PEG ratio of 2.47 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s payout ratio is 30.85%.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Masco by 6.7% in the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock valued at $170,000 after purchasing an additional 128 shares during the last quarter. WCM Investment Management LLC lifted its position in shares of Masco by 0.3% during the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after buying an additional 132 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Masco by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock valued at $590,000 after buying an additional 133 shares in the last quarter. Empirical Finance LLC grew its position in shares of Masco by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock worth $665,000 after buying an additional 137 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Masco by 3.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

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.