Masco Corp (NYSE:MAS) on Wednesday reported mixed second-quarter financial results.
Masco reported quarterly earnings of $1.64 per share which beat the analyst consensus estimate of $1.32 per share. The company reported quarterly sales of $1.992 billion which missed the analyst consensus estimate of $2.081 billion.
Masco raised its FY2026 adjusted EPS guidance from $4.10-$4.30 to $4.40-$4.60.
“We have executed well in the first half of the year,” said Masco’s President and CEO, Jon Nudi. “While the macroeconomic and geopolitical environments remain volatile, our teams remained focused on leveraging our industry leading brands, expanding our commercial capabilities and enhancing operational excellence to deliver strong year to date results. Second quarter sales results reflect a challenging comparison to the prior year as well as targeted strategic investments to support growth.”
Masco shares fell 0.8% to $72.00 in pre-market trading.
These analysts made changes to their price targets on Masco following earnings announcement.
- Evercore ISI Group analyst Stephen Kim downgraded the stock from Outperform to In-Line and cut the price target from $86 to $78.
- Barclays analyst Matthew Bouley maintained the stock with an Equal-Weight rating and lowered the price target from $82 to $79.
Considering buying MAS stock? Here’s what analysts think:
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