Masco Corporation (MAS) Earning Somewhat Favorable Media Coverage, Study Shows
News coverage about Masco Corporation (NYSE:MAS) has been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Masco Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 46.9972869335979 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Performance Coating Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022 (finance.yahoo.com)
- Financial Comparison: Masco Corporation (MAS) & The Competition (americanbankingnews.com)
- Powder Coatings Market by Manufacturers, Countries, Type And Application, Forecast To 2022 (openpr.com)
- Research Report and Overview on Bathroom Vanities Market, 2016-2023 (reports.pr-inside.com)
- Comparing Masco Corporation (MAS) & Its Rivals (americanbankingnews.com)
Several analysts have recently commented on the stock. Barclays PLC raised their price objective on shares of Masco Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Credit Suisse Group set a $36.00 price objective on shares of Masco Corporation and gave the stock a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Masco Corporation in a research report on Wednesday, July 19th. Finally, MKM Partners reaffirmed a “buy” rating and set a $44.00 price objective (up previously from $43.00) on shares of Masco Corporation in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Masco Corporation has a consensus rating of “Buy” and a consensus target price of $40.92.
Shares of Masco Corporation (NYSE MAS) opened at 38.96 on Tuesday. The company has a 50-day moving average of $37.96 and a 200 day moving average of $37.23. The firm has a market cap of $12.29 billion, a P/E ratio of 24.09 and a beta of 1.54. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.62.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. On average, equities analysts expect that Masco Corporation will post $1.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, October 13th will be issued a $0.105 dividend. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a yield of 1.08%. Masco Corporation’s dividend payout ratio is 25.93%.
In other news, insider Joseph B. Gross sold 2,337 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $37.53, for a total value of $87,707.61. Following the sale, the insider now directly owns 56,935 shares of the company’s stock, valued at $2,136,770.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kenneth G. Cole sold 2,266 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the completion of the sale, the vice president now directly owns 85,693 shares in the company, valued at $3,201,490.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,101 shares of company stock valued at $916,799. 1.30% of the stock is owned by corporate insiders.
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Masco Corporation Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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