MasterBrand (NYSE:MBC) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

MasterBrand (NYSE:MBC) issued its quarterly earnings data on Tuesday. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03), Zacks reports. MasterBrand had a return on equity of 11.88% and a net margin of 3.37%. MasterBrand updated its FY 2025 guidance to 1.010-1.130 EPS.

MasterBrand Stock Up 1.6%

MasterBrand stock traded up $0.20 during midday trading on Tuesday, reaching $12.65. The company’s stock had a trading volume of 1,836,914 shares, compared to its average volume of 1,204,344. MasterBrand has a fifty-two week low of $9.63 and a fifty-two week high of $20.67. The company has a quick ratio of 1.12, a current ratio of 1.87 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.60 billion, a P/E ratio of 17.56 and a beta of 1.42. The business has a 50-day simple moving average of $13.04 and a 200-day simple moving average of $11.88.

Analyst Ratings Changes

MBC has been the subject of several analyst reports. Wall Street Zen upgraded MasterBrand from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of MasterBrand in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MasterBrand currently has an average rating of “Hold” and an average price target of $15.00.

Institutional Trading of MasterBrand

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers raised its stake in MasterBrand by 15.2% in the second quarter. Cetera Investment Advisers now owns 12,953 shares of the company’s stock valued at $142,000 after buying an additional 1,705 shares in the last quarter. Corient Private Wealth LLC raised its stake in MasterBrand by 34.6% in the second quarter. Corient Private Wealth LLC now owns 18,584 shares of the company’s stock valued at $203,000 after buying an additional 4,778 shares in the last quarter. Amundi acquired a new stake in MasterBrand in the second quarter valued at $231,000. Tower Research Capital LLC TRC raised its stake in MasterBrand by 532.8% in the second quarter. Tower Research Capital LLC TRC now owns 21,598 shares of the company’s stock valued at $236,000 after buying an additional 18,185 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in MasterBrand in the second quarter valued at $267,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.

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.