Masco Analysts Increase Their Forecasts Following Strong Q1 Results

Benzinga04-23

Masco Corporation (NYSE:MAS) on Wednesday reported better-than-expected first-quarter financial results.

Masco reported adjusted earnings per share of $1.04, beating the consensus estimate of 88 cents. In addition, it reported revenue of $1.91 billion, beating the consensus estimate of $1.83 billion.

Masco affirmed fiscal-year adjusted earnings per share guidance of $4.10 to $4.30, versus the consensus estimate of $4.18.

The company also returned $267 million to shareholders through dividends and share repurchases during the quarter, including $202 million used to repurchase 3.1 million shares.

Masco shares rose 0.2% to $74.10 in pre-market trading.

These analysts made changes to their price targets on Masco following earnings announcement.

  • Baird analyst Timothy Wojs maintained Masco with a Neutral and raised the price target from $72 to $80.
  • Goldman Sachs analyst Susan Maklari maintained the stock with a Buy and increased the price target from $79 to $90.

Considering buying MAS stock? Here’s what analysts think:

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