Media stories about Masco (NYSE:MAS) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Masco earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 45.6771329152316 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Zacks: Analysts Anticipate Masco Corp (MAS) Will Post Earnings of $0.49 Per Share (americanbankingnews.com)
- Masco Corporation (MAS) Stock in the Investor Spotlight – Wall Street Morning (wallstreetmorning.com)
- Ancora Advisors LLC Position in Masco Corp (MAS) Has Increased by $3.19 Million – NMSU Hеrаld (nmsuherald.com)
- Masco Corp (MAS) Director Sells $241,821.58 in Stock (americanbankingnews.com)
- Global Electronic Faucets Market 2018 LIXIL Water Technology, Masco Corporation, Kohler, TOTO, Moen, Oras, Sloan Valve (lincolntrailpublishing.com)
A number of brokerages have weighed in on MAS. Zacks Investment Research cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Deutsche Bank lifted their price target on shares of Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Royal Bank of Canada set a $46.00 price target on shares of Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Credit Suisse Group reiterated a “neutral” rating and set a $46.00 price target (up from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. cut shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.60.
Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. equities analysts forecast that Masco will post 2.55 earnings per share for the current fiscal year.
In related news, Director Richard A. Manoogian sold 82,701 shares of Masco stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $42.89, for a total value of $3,547,045.89. Following the completion of the transaction, the director now owns 692,102 shares in the company, valued at $29,684,254.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph B. Gross sold 10,203 shares of Masco stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $42.95, for a total transaction of $438,218.85. Following the completion of the transaction, the insider now owns 51,020 shares of the company’s stock, valued at approximately $2,191,309. The disclosure for this sale can be found here. Insiders sold 104,150 shares of company stock valued at $4,462,062 in the last 90 days. Company insiders own 1.30% of the company’s stock.
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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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