Todays Report: The KeyCorp Analysts Cut Earnings Estimates for Masco Corp. (MAS)

The KeyCorp Analysts Cut Earnings Estimates for Masco Corp. (MAS)

Masco Corp. (NYSE:MAS) – Research analysts at KeyCorp reduced their FY2016 earnings per share (EPS) estimates for Masco Corp. in a report released on Thursday. KeyCorp analyst K. Zener now forecasts that the brokerage will post earnings per share of $1.54 for the year, down from their prior estimate of $1.57. KeyCorp also issued estimates for Masco Corp.’s Q4 2016 earnings at $0.35 EPS.

Several other equities research analysts have also weighed in on the company. Jefferies Group restated a “buy” rating on shares of Masco Corp. in a report on Wednesday, July 6th. Zacks Investment Research upgraded Masco Corp. from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, October 4th. Deutsche Bank AG upped their price target on Masco Corp. from $28.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Wells Fargo & Co. started coverage on Masco Corp. in a report on Wednesday, September 28th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada cut their price target on Masco Corp. from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $35.29.

Shares of Masco Corp. (NYSE:MAS) opened at 30.72 on Monday. Masco Corp. has a 1-year low of $23.10 and a 1-year high of $37.38. The firm has a 50-day moving average price of $33.33 and a 200-day moving average price of $33.13. The company has a market capitalization of $9.97 billion, a PE ratio of 22.16 and a beta of 1.83.

Masco Corp. (NYSE:MAS) last posted its earnings results on Tuesday, October 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.03. The company earned $1.88 billion during the quarter, compared to the consensus estimate of $2.88 billion. Masco Corp. had a net margin of 6.40% and a return on equity of 620.95%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share.

A number of hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System boosted its stake in shares of Masco Corp. by 1.7% in the first quarter. Arizona State Retirement System now owns 90,585 shares of the company’s stock worth $2,849,000 after buying an additional 1,500 shares during the period. A.R.T. Advisors LLC boosted its stake in shares of Masco Corp. by 5.1% in the first quarter. A.R.T. Advisors LLC now owns 170,514 shares of the company’s stock worth $5,362,000 after buying an additional 8,300 shares during the period. Anchor Bolt Capital LP bought a new stake in shares of Masco Corp. during the first quarter worth $47,731,000. Bayesian Capital Management LP bought a new stake in shares of Masco Corp. during the first quarter worth $280,000. Finally, National Pension Service boosted its stake in shares of Masco Corp. by 4.6% in the first quarter. National Pension Service now owns 252,340 shares of the company’s stock worth $7,936,000 after buying an additional 11,091 shares during the period. Hedge funds and other institutional investors own 91.56% of the company’s stock.

In other Masco Corp. news, Director Richard A. Manoogian sold 35,244 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $36.30, for a total value of $1,279,357.20. Following the sale, the director now directly owns 765,739 shares in the company, valued at $27,796,325.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Friday, October 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. This is a boost from Masco Corp.’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, October 12th. Masco Corp.’s dividend payout ratio is 28.78%.

Masco Corp. Company Profile

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