Streetbeat News

MBC

MasterBrand, Inc.

https://www.masterbrandcabinets.com

Industry

Furnishings, Fixtures & Appliances

MasterBrand, Inc. manufactures and sells residential cabinets for the kitchen, bathroom, and other parts of the home in North America. The company is based in Jasper, Indiana.

Open

17.04

Mkt cap

2.1B

Volume

513K

High

17.09

P/E Ratio

14.82

52-wk high

20.67

Low

16.68

Div yield

N/A

52-wk low

12.81

MasterBrand (NYSE:MBC) reported Q1 2024 adjusted EPS of $0.29, surpassing the $0.26 estimate, and sales of $638.1M, exceeding the $629M estimate. This represents an earnings increase of 3.57% and a sales decrease of 5.70% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:43 pm

MasterBrand anticipates a year-over-year decline in FY24 net sales ranging from a low single-digit percentage to flat, indicating a potential slowdown in revenue growth.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:29 pm

MasterBrand has projected its adjusted earnings per share (EPS) for fiscal year 2024 to be in the range of $1.40 to $1.60, aligning with the current estimate of $1.40.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:28 pm

MasterBrand (NYSE:MBC) reported Q4 earnings, beating estimated EPS by 26.0% with an actual EPS of $0.34 versus an estimate of $0.27. However, revenue decreased by $107.30 million from the same period last year. In the previous quarter, the company also surpassed EPS estimates, which led to a 1.0% increase in share price the following day.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 9:15 pm

MasterBrand (NYSE:MBC) reported Q4 2023 adjusted EPS of $0.34, surpassing the $0.27 estimate, with sales of $677.10M exceeding the $666.70M forecast. This represents a 13.68% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:10 pm

Numerous companies are scheduled to report their earnings on February 26, 2024, covering a wide range of industries from energy to technology. Key reports include Kosmos Energy, Krystal Biotech, Li Auto, and Domino's Pizza, among others. The diversity of sectors represented suggests a comprehensive insight into the economic and business trends affecting these markets.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 9:47 am

MasterBrand (NYSE:MBC) is scheduled to release its quarterly earnings report on February 26, 2024, with an expected EPS of $0.27. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, MasterBrand has shown a pattern of beating EPS estimates, which has sometimes led to an increase in its share price. The stock has seen a 56.73% increase over the last 52 weeks, trading at $15.38 as of February 22.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:00 pm

The article provides an overview of notable value stocks in the consumer cyclical sector, highlighting their low P/E ratios as indicators of being undervalued. General Motors (GM), Dillard's (DDS), Travel+Leisure (TNL), Build-A-Bear Workshop (BBW), and MasterBrand (MBC) are mentioned with their respective P/E ratios and recent financial performance, including earnings per share and dividend yields. GM and TNL reported increases in both earnings per share and dividend yields, DDS's earnings per share increased with stable dividend yield, while BBW saw a decrease in earnings per share. MBC's earnings per share increased slightly.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:43 pm

MasterBrand expects a year-over-year net sales decline of mid teens percentage in Q4 2023, with adjusted EBITDA in the range of $370 million to $380 million for the full year 2023. The company is increasing the midpoint of its full-year adjusted EBITDA outlook by $20 million based on stronger than expected performance in Q3 2023. The outlook includes insurance proceeds from a tornado damage claim at its Jackson, Georgia production facility. The company expects softer end market demand in 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:44 pm

MasterBrand (NYSE:MBC) reported Q3 earnings of $0.46 per share, beating the analyst consensus estimate of $0.32 by 43.75 percent.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:23 pm

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