For the second quarter Masco reported earnings of 32 cents a share, beating the Capital IQ Consensus Estimate of 28 cents a share by 4 cents. Revenue grew 5.1% from the year-ago quarter to $2.26 billion, in line with analysts' estimates for the quarter.
"As we move into the third quarter, we continue to see growing demand for our products and services across our end markets," Masco CEO Keith Allman said in a press release. "Our outlook remains positive with the belief that new home construction and repair and remodel activity will show steady growth in 2014."
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TheStreet Ratings team rates MASCO CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MASCO CORP (MAS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.