Masco Corp. (NYSE:MAS) shares, rose in value, with the stock price up by 0.32% to the previous day’s close as strong demand from buyers drove the stock to $74.16.
Actively observing the price movement in the last trading, the stock closed the session at $73.92. The value of beta (5-year monthly) was 1.26 whereas the PE ratio was 18.44 over 12-month period. Referring to stock’s 52-week performance, its high was $78.29, and the low was $46.69. On the whole, MAS has fluctuated by 0.94% over the past month.
With the market capitalization of Masco Corp. currently standing at about $16.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 1.14, with its dividend yield at 1.54%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.88, which is expected to increase to $1.27 for fiscal year $4.12 and then to about $4.57 by fiscal year 2025. Data indicates that the EPS growth is expected to be 6.70% in 2025, while the next year’s EPS growth is forecast to be 10.90%.
Analysts have estimated the company’s revenue for the quarter at $1.94 billion, with a low estimate of $1.9 billion and a high estimate of $1.97 billion. According to the average forecast, sales growth in current quarter could jump down -2.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $8.03 billion, representing an increase of 0.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MAS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.95, with the price of MAS currently trading nearly -1.85% and 4.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.61, while the 7-day volatility ratio is showing 2.10% which for the 30-day chart, stands at 1.75%. Furthermore, Masco Corp. (MAS)’s beta value is 1.26, and its average true range (ATR) is 1.52.
A comparison of Masco Corp. (MAS) with its peers suggests the former has fared considerably weaker in the market. MAS showed an intraday change of 0.32% in last session, and over the past year, it grew by 47.85%%.
Data on historical trading for Masco Corp. (NYSE:MAS) indicates that the trading volumes over the past 10 days have averaged 2.26 million and over the past 3 months, they’ve averaged 1.94 million. According to company’s latest data on outstanding shares, there are 220.60 million shares outstanding.
Nearly 0.40% of Masco Corp.’s shares belong to company insiders and institutional investors own 96.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.54 million shares as on Feb 29, 2024, resulting in a short ratio of 1.65. According to the data, the short interest in Masco Corp. (MAS) stood at 1.61% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 4.37 million. The stock has risen by 10.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MAS stock heading into the next quarter.
