MasterBrand (NYSE:MBC) Updates FY 2024 Earnings Guidance

by · The Cerbat Gem

MasterBrand (NYSE:MBC – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.500-1.620 for the period, compared to the consensus EPS estimate of 1.490. The company issued revenue guidance of -.

MasterBrand Price Performance

NYSE:MBC traded down $0.70 during mid-day trading on Wednesday, hitting $17.67. 2,270,768 shares of the stock traded hands, compared to its average volume of 570,061. The business’s 50-day moving average price is $17.51 and its 200 day moving average price is $16.58. The company has a quick ratio of 1.43, a current ratio of 2.24 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.25 billion, a PE ratio of 12.80 and a beta of 1.53. MasterBrand has a 12-month low of $11.38 and a 12-month high of $20.67.

MasterBrand (NYSE:MBC – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $676.50 million during the quarter. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%.

Analysts Set New Price Targets

Separately, Loop Capital boosted their target price on MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th.

Check Out Our Latest Stock Report on MBC

Insider Transactions at MasterBrand

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total value of $280,544.55. Following the completion of the sale, the director now owns 45,520 shares of the company’s stock, valued at $726,044. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $16.33, for a total transaction of $76,995.95. Following the completion of the transaction, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 17,589 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total value of $280,544.55. Following the completion of the sale, the director now directly owns 45,520 shares in the company, valued at $726,044. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,806 shares of company stock valued at $365,567 in the last quarter. Insiders own 1.38% of the company’s stock.

About MasterBrand

(Get Free Report)

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.

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