MasterBrand (NYSE:MBC) Issues FY 2024 Earnings Guidance

MasterBrand (NYSE:MBC) 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 -.

Analyst Upgrades and Downgrades

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

MasterBrand Trading Down 2.0 %

NYSE:MBC traded down $0.36 during mid-day trading on Thursday, reaching $17.31. The company’s stock had a trading volume of 1,116,597 shares, compared to its average volume of 920,963. The company’s fifty day simple moving average is $17.55 and its two-hundred day simple moving average is $16.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43. MasterBrand has a twelve month low of $11.38 and a twelve month high of $20.67. The stock has a market cap of $2.20 billion, a P/E ratio of 12.80 and a beta of 1.53.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%. The firm had revenue of $718.10 million for the quarter.

Insider Activity

In other news, Director Ann F. Hackett sold 17,589 shares of MasterBrand 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 transaction, the director now directly owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Ann F. Hackett sold 17,589 shares of MasterBrand 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 transaction, the director now directly owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the transaction, the chief accounting officer now directly owns 45,148 shares in the company, valued at $737,266.84. This represents 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 three months. Corporate insiders own 1.38% of the company’s stock.

About MasterBrand

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.