Masco Corporation MAS reported weaker-than-expected earnings for its first quarter on Wednesday.
The company posted quarterly earnings of 87 cents per share which missed the analyst consensus estimate of 92 cents per share. The company reported quarterly sales of $1.80 billion which missed the analyst consensus estimate of $1.84 billion.
The company did not provide FY25 guidance due to tariff and macroeconomic uncertainty.
“During the first quarter, we delivered solid adjusted operating profit margin of 16.0 percent and adjusted earnings per share of $0.87, and we returned $196 million to shareholders through dividends and share repurchases,” said Masco President and CEO, Keith Allman. “We also experienced significant changes in the geopolitical and macroeconomic environment, including the enactment of new and broad-reaching tariffs. Our experienced teams are actively taking steps in an effort to mitigate these increased costs through pricing actions, cost savings initiatives, and sourcing changes, as we have done in the past.”
Masco shares gained 1.3% to trade at $60.08 on Thursday.
These analysts made changes to their price targets on Masco following earnings announcement.
- Baird analyst Timothy Wojs maintained Masco with an Outperform rating and lowered the price target from $72 to $70.
- Evercore ISI Group analyst Stephen Kim maintained the stock with an In-Line rating and lowered the price target from $82 to $71.
- Truist Securities analyst Keith Hughes maintained Masco with a Buy and lowered the price target from $92 to $75.
- UBS analyst John Lovallo maintained Masco with a Buy and lowered the price target from $91 to $80.
- Goldman Sachs analyst Susan Maklari maintained the stock with a Buy and lowered the price target from $82 to $73.
- RBC Capital analyst Mike Dahl maintained Masco with a Sector Perform and cut the price target from $74 to $62.
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