Masco (MAS) Touches 52-Week High After Earnings Beat, PT Upgrade

MAS +1.39%

We recently published 10 Stocks Delivering Massive Returns. Masco Corp. (NYSE:MAS) was one of the best performers on Tuesday.

Masco jumped to a new 52-week high on Tuesday, after beating earnings expectations and receiving a price target upgrade from an investment firm.

At intra-day trading, the stock jumped to its highest price of $79.19 before paring gains to finish the session just up by 8.67 percent at $77.82 apiece.

In an earnings call, Masco Corp. (NYSE:MAS) said that adjusted earnings per share last year stood at $3.96, beating its earlier guidance of $3.90 to $3.95.

Attributable net income dipped by 1 percent to $810 million from $822 million in 2024, while net sales declined by 3 percent to $7.56 billion from $7.83 billion year-on-year.

In the fourth quarter alone, attributable net income decreased by 9.3 percent to $165 million from $182 million. Net sales declined by 2.2 percent to $1.79 billion from $1.83 billion, dragged by lower sales from decorative architectural products and North American sales.

“Overall, our fourth quarter operating results were largely in line with our expectations, as we continued to navigate through a dynamic geopolitical and macroeconomic environment,” said Masco Corp. (NYSE:MAS) President and CEO Jon Nudi.

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For this year, Masco Corp. (NYSE:MAS) is projecting sales to be roughly flat or grow by low single digits, while adjusted EPS is targeted at a range of $4.10 to $4.30 per share.

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Disclosure: None. This article is originally published at Insider Monkey.