MasterBrand (NYSE:MBC) Issues FY 2024 Earnings Guidance

MasterBrand (NYSE:MBC) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.400-1.600 for the period, compared to the consensus earnings per share estimate of 1.450. The company issued revenue guidance of -.

MasterBrand Trading Up 2.0 %

MasterBrand stock traded up $0.32 during trading hours on Thursday, reaching $16.72. 697,333 shares of the company’s stock traded hands, compared to its average volume of 1,031,534. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 11.72 and a beta of 1.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.94. MasterBrand has a fifty-two week low of $9.77 and a fifty-two week high of $19.07. The firm’s 50 day moving average is $17.68 and its 200-day moving average is $15.26.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. MasterBrand had a net margin of 6.68% and a return on equity of 17.24%. The business had revenue of $677.10 million for the quarter.

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.