MasterBrand (NYSE:MBC) Issues FY 2024 Earnings Guidance

MasterBrand (NYSE:MBC) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.500-1.620 for the period, compared to the consensus estimate of 1.490. The company issued revenue guidance of -.

MasterBrand Stock Up 1.4 %

Shares of MBC stock traded up $0.24 on Friday, hitting $17.56. The stock had a trading volume of 65,555 shares, compared to its average volume of 917,021. MasterBrand has a 52-week low of $11.39 and a 52-week high of $20.67. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 15.18 and a beta of 1.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 2.24. The stock’s 50 day moving average is $17.58 and its 200-day moving average is $16.59.

MasterBrand (NYSE:MBC) last announced its earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%. The company had revenue of $718.10 million during the quarter.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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 value of $76,995.95. Following the sale, the chief accounting officer now owns 45,148 shares in the company, valued at approximately $737,266.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were 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 $726,044. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark A. Young sold 4,715 shares of the 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 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. Insiders sold a total of 22,806 shares of company stock valued at $365,567 in the last ninety days. 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.