Masco Raises Full-Year Earnings Guidance After Posting Strong First-Quarter Results
Masco is off to an excellent start in fiscal 2017 as the narrow-moat home improvement and building products company beat consensus sales and EPS estimates and raised its full-year EPS outlook. Masco now expects 2017 EPS to range between $1.90 and $2.00 per share, in line with our previous 2017 EPS estimate of $1.90 per share. We increased our 2017 EPS estimate to $1.96 per share, mainly to account for a lower than anticipated effective tax rate (34% versus our previous estimate of 36%). In light...Masco designs, manufactures and distributes home improvement and building products. The company's Plumbing Products include faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures and toilets. This segment also includes brass, copper and composite plumbing system components and other non-decorative plumbing products. The company's Decorative Architectural Products include cabinet and door hardware, functional hardware, wall plates, hook and hook rail products, and picture hanging accessories. This segment also includes decorative indoor and outdoor lighting fixtures, ceiling fans, landscape lighting and LED lighting systems.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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