MasterBrand (NYSE:MBC) Updates 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 -.

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) 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.

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

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.