MasterBrand (NYSE:MBC) Announces Earnings Results

by · The Cerbat Gem

MasterBrand (NYSE:MBC – Get Free Report) 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.

View Our Latest Stock Report on MasterBrand

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

(Get Free Report)

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.

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