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Buying Masco Corporation (NYSE: MAS)? Here Are Some Things To Consider

Masco Corporation (NYSE:MAS) shares, rose in value on Thursday, August 04, with the stock price down by -0.10% to the previous day’s close as strong demand from buyers drove the stock to $52.18.

Actively observing the price movement in the recent trading, the stock is buoying the session at $52.23, falling within a range of $52.10 and $53.56. The value of beta (5-year monthly) is 1.23 whereas the PE ratio is 23.31 over 12-month period. Referring to stock’s 52-week performance, its high was $71.06, and the low was $46.27. On the whole, MAS has fluctuated by -0.82% over the past month.

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With the market capitalization of Masco Corporation currently standing at about $12.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for Oct 25, 2022 – Oct 31, 2022. The company’s Forward Dividend Ratio is 1.12, with its dividend yield at 2.14%. 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 $1.13, which is expected to increase to $1.07 for fiscal year $4.23 and then to about $4.48 by fiscal year 2023. Data indicates that the EPS growth is expected to be 14.30% in 2023, while the next year’s EPS growth is forecast to be 5.90%.

Analysts have estimated the company’s revenue for the quarter at $2.27 billion, with a low estimate of $2.21 billion and a high estimate of $2.34 billion. According to the average forecast, sales growth in current quarter could jump up 3.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $8.9 billion, representing an increase of 6.30% 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 Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.57, with the price of MAS currently trading nearly -3.44% and -2.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.18, while the 7-day volatility ratio is showing 2.93% which for the 30-day chart, stands at 2.61%. Furthermore, Masco Corporation (MAS)’s beta value is 1.24, and its average true range (ATR) is 1.48.

A comparison of Masco Corporation (MAS) with its peers suggests the former has fared considerably weaker in the market. MAS showed an intraday change of -0.10% in today’s session so far, and over the past year, it shrunk by -13.43%%. In comparison, PPG Industries Inc. (PPG) has moved lower at -0.37% today and is down -22.57% over the past 12 months. Additionally, there is a gain of 0.94% for Fortune Brands Home & Security Inc. (FBHS) in recent trading while the stock has seen an overall depriciation of -33.40%% over the past year. The PE ratio stands at 23.31 for Masco Corporation, compared to 28.50 for PPG Industries Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.19%. Meanwhile, the Dow Jones Industrial Slipped by -0.26%.

Data on historical trading for Masco Corporation (NYSE:MAS) indicates that the trading volumes over the past 10 days have averaged 1.97 million and over the past 3 months, they’ve averaged 2.18 million. According to company’s latest data on outstanding shares, there are 244.09 million shares outstanding.

Nearly 0.40% of Masco Corporation’s shares belong to company insiders and institutional investors own 95.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.38 million shares as on Jul 14, 2022, resulting in a short ratio of 2.68. According to the data, the short interest in Masco Corporation (MAS) stood at 2.71% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 6.05 million. The stock has fallen by -25.62% 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.

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