MasterBrand (NYSE:MBC) Announces Earnings Results

MasterBrand (NYSE:MBC) issued its quarterly earnings data on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06, Zacks reports. The business had revenue of $718.10 million during the quarter. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%. MasterBrand updated its FY 2024 guidance to 1.500-1.620 EPS.

MasterBrand Price Performance

MBC traded down $0.35 during trading on Thursday, reaching $17.32. The stock had a trading volume of 1,116,597 shares, compared to its average volume of 920,963. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.80 and a beta of 1.53. The company has a quick ratio of 1.43, a current ratio of 2.24 and a debt-to-equity ratio of 0.55. MasterBrand has a 1-year low of $11.38 and a 1-year high of $20.67. The stock has a 50 day moving average of $17.55 and a two-hundred day moving average of $16.58.

Wall Street Analyst Weigh In

Separately, Loop Capital boosted 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.

Insiders Place Their Bets

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