Masco (NYSE:MAS – Get Free Report) issued its quarterly earnings data on Thursday. The construction company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02, Briefing.com reports. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Masco updated its FY 2024 guidance to 4.050-4.200 EPS.
Masco Stock Up 2.1 %
NYSE:MAS opened at $77.45 on Friday. Masco has a 52 week low of $47.66 and a 52 week high of $78.94. The firm has a market capitalization of $17.06 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. The stock has a 50 day moving average of $68.78 and a 200-day moving average of $71.25. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 16.18.
Masco Announces Dividend
The business 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 1.50%. The ex-dividend date of this dividend is Friday, August 2nd. Masco’s dividend payout ratio (DPR) is presently 28.43%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on MAS
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.
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