Masco Corp (MAS) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.43. The company posted revenue of $2001.00 million in the period, compared to analysts expectations of $1997.53 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on Masco Corp. FBR Capital Initiated Masco Corp on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $36.
Masco Corp opened for trading at $33.97 and hit $34.47 on the upside on Wednesday, eventually ending the session at $34.33, with a gain of 1.60% or 0.54 points. The heightened volatility saw the trading volume jump to 26,74,729 shares. Company has a market cap of $11,423 M.
In a different news, on Jun 23, 2016, Richard A. O’reagan (Group President) sold 6,000 shares at $31.36 per share price. According to the SEC, on Jun 1, 2016, Renee Straber (VP – Chief HR Officer) sold 3,694 shares at $32.60 per share price. On May 24, 2016, Richard A Manoogian (director) sold 77,959 shares at $31.33 per share price, according to the Form-4 filing with the securities and exchange commission.
Masco Corporation manufactures distributes and installs home improvement and building products. The Company’s segments include Cabinets and Related Products Plumbing Products Installation and Other Services Decorative Architectural Products and Other Specialty Products. Its Cabinets and Related Products includes assembled kitchen and bath cabinets and home office workstations entertainment centers storage products; bookcases and kitchen utility products. Its Plumbing Products include faucets plumbing fittings and valves showerheads and hand showers bathtubs and shower enclosures toilets and spas. The Installation and Other Services includes the sale installation and distribution of insulation and other building products. Its Decorative Architectural Products include paints and stains and cabinet door window and other hardware. Its Other Specialty Products include windows window frame components and patio doors staple gun tackers staples and other fastening tools.