08.02.2024 14:13:38 - dpa-AFX: ROUNDUP: Masco Guides FY24 Earnings Above Estimates; Declares Dividend
WASHINGTON (dpa-AFX) - While reporting financial results for the fourth
quarter on Thursday, Masco Corp. (MAS) initiated its earnings and adjusted
earnings guidance for the full-year 2024, above analysts' estimates.
For fiscal 2024, the company now projects earnings and adjusted earnings in a
range of $4.00 to $4.25 per share on sales to be approximately flat with last
year.
On average, 24 analysts polled by Thomson Reuters expect the company to report
earnings of $3.97 per share for the year. Analysts' estimates typically exclude
special items.
Masco's Board of Directors also declared a quarterly dividend of $0.29 per
common share, payable on March 11, 2024 to shareholders of record on February
22, 2024.
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