Breaking News Instant updates and real-time market news.

MAS

Masco

$39.98

-0.02 (-0.05%)

07:15
04/25/19
04/25
07:15
04/25/19
07:15

Masco reports Q1 adjusted EPS 44c, consensus 48c

Reports Q1 revenue $1.9B, consensus $1.99B. "We experienced a challenging start to 2019, which resulted in reduced sales and operating profits for the first quarter," said CEO Keith Allman. "While we anticipated many of the factors that led to our results, our performance was also impacted by inventory rebalancing by certain customers and softness in some of our end markets. We continued to focus on creating shareholder value and returned $157M to shareholders through share repurchases and dividends during the quarter."

  • 25

    Apr

  • 10

    May

MAS Masco
$39.98

-0.02 (-0.05%)

03/14/19
RHCO
03/14/19
NO CHANGE
Target $52
RHCO
Buy
Masco price target raised to $52 from $48 at SunTrust
SunTrust analyst Keith Hughes raised his price target on Masco to $52 and kept his Buy rating, saying its announcement to explore strategic alternatives for its lower-margin Cabinet and Window units could raise valuation multiples on the stock. The analyst cites the company's Plumbing and Paint divisions showing "consistently higher margins versus peers" with limited volatility even during the great recession.
03/11/19
JEFF
03/11/19
NO CHANGE
JEFF
Jefferies upgrades Materials sector to Market Weight from Underweight
Jefferies analyst Steven DeSanctis upgraded the Materials sector to Market Weight from Underweight citing early signs of "green shoots" in China, a turn in the inventory cycle, and housing data that "does not look as bad as the stocks reflected in 2018." The analyst says Jefferies likes industries associated with housing and would be selective in Metals & Mining. The firm is Overweight Technology, Discretionary, Industrials and Energy.
03/05/19
JEFF
03/05/19
NO CHANGE
Target $46
JEFF
Buy
Masco could unlock value with sale of Windows and Cabs, says Jefferies
Jefferies analyst Philip Ng believes an asset sale or spin of Masco's Windows and Cabs businesses could unlock shareholder value. While there could be some interested strategic buyers, leverage and timing are real deterrents, which makes private equity the most likely acquirer, Ng tells investors in a research note. After tweaking his sum-of-the-parts and asset sale analysis, the analyst still sees scenarios that could yield 16% upside. Ng raised his price target for Masco to $46 from $43 and keeps a Buy rating on the shares.
03/04/19
NOMU
03/04/19
NO CHANGE
Target $50
NOMU
Buy
Masco price target raised to $50 from $39 at Nomura Instinet
Nomura Instinet analyst Michael Wood raised his price target for Masco to $50 after the company announced that it intends to explore strategic alternatives for its Cabinets and Windows businesses. This is a logical next step from the company's multiyear turnaround effort, Wood tells investors in a research note. He keeps a Buy rating on Masco.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.