LIVONIA, Mich., June 28, 2019 – Shares of Masco Corporation (NYSE: MAS) showed the bullish trend with a higher momentum of 0.87% to $39.34. The company traded total volume of 1.912M shares as contrast to its average volume of 3.34M shares. The company has a market value of $11.62B and about 297.86M shares outstanding.
Masco Corp. (MAS) reported first-quarter profit of $116.0M. On a per-share basis, the Livonia, Michigan-based company said it had net income of 39 cents. Earnings, adjusted for one-time gains and costs, came to 44 cents per share. The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The maker of Behr paint, Delta faucets and other building products posted revenue of $1.91B in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $2.0B. Masco anticipates full-year earnings in the range of $2.60 to $2.80 per share.
The Company offered net profit margin of 8.30% while its gross profit margin was 32.00%. The stock, as of recent close, has shown the weekly upbeat performance of 0.88% which was maintained at 33.38% in this year.