A share price of Masco Corp. [MAS] is currently trading at $77.90, up 0.93%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MAS shares have gain 1.71% over the last week, with a monthly amount glided 0.03%, and seem to be holding up well over a long-time horizon.
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On 26, March 2024, Masco Corporation Announces Date for Earnings Release and Conference Call for 2024 First Quarter. In a post published today on Yahoo Finance, Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2024 first quarter results on Wednesday, April 24, 2024 at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 888-259-6580 or 206-962-3782. Please use the conference identification number 73983883.
From an analyst’s perspective:
Masco Corp. [NYSE: MAS] stock has seen the most recent analyst activity on February 02, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $70. On October 17, 2023, Wells Fargo initiated with a Overweight rating and assigned a price target of $58 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $65 on April 28, 2023. Deutsche Bank upgraded its rating to a Hold and raised its price target to $56 on February 13, 2023. RBC Capital Mkts upgraded its rating to Outperform for this stock on February 10, 2023, and upped its price target to $57. In a note dated January 11, 2023, Deutsche Bank downgraded an Sell rating on this stock but restated the target price of $43.
Masco Corp. experienced fluctuations in its stock price throughout the past year between $46.69 and $78.94. Currently, Wall Street analysts expect the stock to reach $69.9 within the next 12 months. Masco Corp. [NYSE: MAS] shares were valued at $77.90 at the most recent close of the market. An investor can expect a potential drop of -10.27% based on the average MAS price forecast.
Analyzing the MAS fundamentals
Trailing Twelve Months sales for Masco Corp. [NYSE:MAS] were 7.97B which represents -2.13% decline. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is -32.72 and Total Capital is 0.37. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-25.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 77.01 points at the first support level, and at 76.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.66, and for the 2nd resistance point, it is at 79.42.
Masco Corp. [MAS] reported earnings per share of $0.83 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.66/share, meaning a difference of $0.17 and a surprise factor of 25.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1 per share as compared to estimates of $0.91 per share, a difference of $0.09 representing a surprise of 9.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Masco Corp. [NYSE:MAS] is 1.68. In addition, the Quick Ratio stands at 1.08 and the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 2.15 and price to earnings (TTM) ratio is 19.37.
Transactions by insiders
Recent insider trading involved Allman Keith J., President and CEO, that happened on Mar 06 ’24 when 1.26 million shares were sold. VP – Chief HR Officer, Straber Renee completed a deal on Mar 05 ’24 to sell 52264.0 shares. Meanwhile, VP – Masco Operating Sys. Marshall Richard Allan sold 5000.0 shares on Mar 01 ’24.
