MasterBrand (NYSE:MBC) Releases 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 upped their target price on shares of MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

MasterBrand Stock Performance

MBC stock traded down $0.70 during midday trading on Wednesday, hitting $17.67. The company’s stock had a trading volume of 2,270,768 shares, compared to its average volume of 570,061. The stock has a market cap of $2.25 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. The stock’s 50-day moving average price is $17.51 and its 200 day moving average price is $16.58. MasterBrand has a 1 year low of $11.38 and a 1 year high of $20.67.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%. The business had revenue of $676.50 million for the quarter.

Insider Buying and Selling

In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of the stock in a transaction on Friday, September 13th. The stock was 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Ann F. Hackett sold 17,589 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the sale, the director now owns 45,520 shares of the company’s stock, valued at $726,044. The trade was 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 the SEC website. Also, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction that occurred 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 owns 45,148 shares in the company, valued at $737,266.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,806 shares of company stock valued at $365,567. 1.38% of the stock is owned by company insiders.

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.