RBC Capital Mkts downgraded Masco from Outperform to Sector Perform and set a new price target of $80.00 from $79.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $79.00 → $80.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 2/2/2024 | $70.00 | Neutral | Citigroup |
| 1/19/2024 | Perform | Oppenheimer | |
| 10/17/2023 | $58.00 | Overweight | Wells Fargo |
| 4/28/2023 | $55.00 → $65.00 | Hold → Buy | Jefferies |
| 2/13/2023 | $43.00 → $56.00 | Sell → Hold | Deutsche Bank |
| 2/10/2023 | $49.00 → $57.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 1/11/2023 | $43.00 | Hold → Sell | Deutsche Bank |
Masco (NYSE:MAS) reported quarterly earnings of $1.20 per share which beat the analyst consensus estimate of $1.18 by 1.69 percent. The company reported quarterly sales of $2.091 billion which missed the analyst consensus estimate of $2.103 billion by 0.59 percent. This is a 1.69 percent decrease over sales of $2.127 billion the same period last year.
Highlights Net sales were in line with prior year at $1,983 million Operating profit decreased 7 percent to $357 million; adjusted operating profit increased 3 percent to $360 million Operating profit margin decreased 140 basis points to 18.0 percent; adjusted operating profit margin increased 60 basis points to 18.2 percent Earnings per share was $0.77 per share; adjusted earnings per share grew 8 percent to $1.08 per share Repurchased 2.5 million shares for $192 million Expect 2024 earnings per share in the range of $3.74 - $3.84 per share, and on an adjusted basis, $4.05 - $4.15 per share Masco Corporation (NYSE:MAS), one of the world's leading manufacturers of branded home
Masco Corporation (NYSE:MAS) announced today that it will hold a conference call regarding 2024 third quarter results on Tuesday, October 29, 2024, at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 800-549-8228 or 646-564-2877. Please use the conference identification number 72522. The 2024 third quarter results and supplemental material will be distributed at 7:00 a.m. ET on October 29 and will be available on the Company's website at www.masco.com. The conference call will be webcast simultaneously and in its entir
Highlights Net sales decreased 2 percent to $2,091 million Operating profit decreased 1 percent to $397 million; adjusted operating profit decreased 1 percent to $399 million Operating profit margin increased 10 basis points to 19.0 percent; adjusted operating profit margin increased 10 basis points to 19.1 percent Earnings per share was $1.17 per share; adjusted earnings per share grew 1 percent to $1.20 per share Repurchased 2.0 million shares for $143 million Expect 2024 earnings per share in the range of $4.03 - $4.18 per share, and on an adjusted basis, $4.05 - $4.20 per share Masco Corporation (NYSE:MAS), one of the world's leading manufacturers of branded home im
SC 13G/A - MASCO CORP /DE/ (0000062996) (Subject)
SC 13G/A - MASCO CORP /DE/ (0000062996) (Subject)
SC 13G/A - MASCO CORP /DE/ (0000062996) (Subject)
4 - MASCO CORP /DE/ (0000062996) (Issuer)
4 - MASCO CORP /DE/ (0000062996) (Issuer)
4 - MASCO CORP /DE/ (0000062996) (Issuer)
Masco Corporation (NYSE:MAS) announced today that Rick Westenberg, Vice President, Chief Financial Officer and Treasurer, will present at the Baird 2024 Global Industrial Conference in Chicago on Tuesday, November 12, at 10:15 a.m. CT. The presentation will be audio webcast live under the Investor Relations section of the Company's website at www.masco.com. A replay of the webcast will be available until February 7, 2025. Masco Corporation's press releases and other information are available under the Investor Relations section of Masco's website at www.masco.com. Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of brand
Highlights Net sales were in line with prior year at $1,983 million Operating profit decreased 7 percent to $357 million; adjusted operating profit increased 3 percent to $360 million Operating profit margin decreased 140 basis points to 18.0 percent; adjusted operating profit margin increased 60 basis points to 18.2 percent Earnings per share was $0.77 per share; adjusted earnings per share grew 8 percent to $1.08 per share Repurchased 2.5 million shares for $192 million Expect 2024 earnings per share in the range of $3.74 - $3.84 per share, and on an adjusted basis, $4.05 - $4.15 per share Masco Corporation (NYSE:MAS), one of the world's leading manufacturers of branded home
Masco Corporation (NYSE:MAS) announced today that it will hold a conference call regarding 2024 third quarter results on Tuesday, October 29, 2024, at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 800-549-8228 or 646-564-2877. Please use the conference identification number 72522. The 2024 third quarter results and supplemental material will be distributed at 7:00 a.m. ET on October 29 and will be available on the Company's website at www.masco.com. The conference call will be webcast simultaneously and in its entir
RBC Capital Mkts downgraded Masco from Outperform to Sector Perform and set a new price target of $80.00 from $79.00 previously
Citigroup initiated coverage of Masco with a rating of Neutral and set a new price target of $70.00
Oppenheimer initiated coverage of Masco with a rating of Perform
10-Q - MASCO CORP /DE/ (0000062996) (Filer)
8-K - MASCO CORP /DE/ (0000062996) (Filer)
10-Q - MASCO CORP /DE/ (0000062996) (Filer)
PPG (NYSE:PPG) today announced the appointment of Irene Tasi as chief growth officer (CGO), effective December 6, 2021. In this newly created role – which reports to PPG Chairman and Chief Executive Officer Michael McGarry – Tasi will lead and accelerate PPG's growth agenda with responsibility for corporate strategy, long-range planning, marketing, brand and sales excellence, digital, market-driven innovation, and new growth initiatives. She will be based at PPG's global headquarters in Pittsburgh and serve as a member of the company's Operating Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211123005780/en/PPG appoint
Vista, California, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Watkins Wellness, leading manufacturer of hot tubs and aquatic fitness products, announces the retirement of Steve Hammock, who has served as Watkins' President for 25 years. Over his 40-year career at Watkins, Mr. Hammock held several key positions, including Marketing Manager, Director of Sales and Marketing, General Manager, and Executive Vice President, prior to being appointed President in 1997. During his tenure he focused on establishing a clear vision and shared goals for the workforce and driving his team to achieve its full potential. Under his leadership, Watkins consistently delivered results, "From the very beginning w