MasterBrand (NYSE:MBC) Updates FY24 Earnings Guidance

MasterBrand (NYSE:MBC) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.50-1.62 for the period, compared to the consensus earnings per share estimate of $1.53. MasterBrand also updated its FY 2024 guidance to 1.500-1.620 EPS.

MasterBrand Price Performance

MasterBrand stock traded down $1.12 during mid-day trading on Wednesday, hitting $15.10. The stock had a trading volume of 1,201,401 shares, compared to its average volume of 963,924. MasterBrand has a one year low of $10.53 and a one year high of $19.07. The company has a current ratio of 2.06, a quick ratio of 1.34 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $1.92 billion, a P/E ratio of 10.63 and a beta of 1.51. The firm’s 50 day moving average is $15.84 and its 200 day moving average is $16.35.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. MasterBrand had a return on equity of 16.75% and a net margin of 6.86%. The business had revenue of $676.50 million for the quarter.

MasterBrand Company Profile

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.