
Masco (MAS) Stock Higher Ahead of Q2 Earnings
NEW YORK (TheStreet) -- Shares of Masco (MAS) - Get Report are increasing 0.74% to $34.04 in mid-afternoon trading Monday ahead of the company's 2016 second quarter results, due out before tomorrow's opening bell.
Analysts are projecting that earnings and revenue will rise year-over-year.
Wall Street is expecting the maker of home improvement and building products to post earnings of 43 cents per share on revenue of $2 billion.
Last year, the Taylor, MI-based company said it had adjusted earnings of 38 cents per share on revenue of $1.9 billion.
MKM Partners has a "neutral" rating and $29 price target on the stock ahead of the results.
"Masco shares have rallied (up 9% in the past two weeks vs. the S&P 500 up 3%) and the stock is trading close to its 52-week high. With valuation in excess of 22x forward estimates, we struggle to see upside potential to the shares in the absence of a meaningful raise to our forward estimates," the firm wrote in a recent analyst note.
Last quarter, the company posted a solid earnings beat, but the shares traded down that day due to conservative management commentary on potential cost and revenue headwinds, MKM noted.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, solid stock price performance, expanding profit margins and good cash flow from operations.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: MAS










