The business's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts predict that Masco Corporation will post $1.96 earnings per share for the current fiscal year. Zacks' EPS averages are a mean average based on a survey of research analysts that that provide coverage for Masco Corporation.
Analysts expect Masco Corp (NYSE:MAS) to report $0.60 EPS on July, 27 before the open.They anticipate $0.14 EPS change or 30.43% from last quarter's $0.46 EPS. The company reported the earnings of $0.41/Share in the last quarter where the estimated EPS by analysts was $0.36/share. The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.76 billion. During the same period in the prior year, the firm posted $0.32 earnings per share. The firm's revenue for the quarter was up 3.3% compared to the same quarter past year. Jefferies maintained the shares of MAS in report on Wednesday, May 31 with "Buy" rating. Zacks Investment Research upgraded shares of Masco Corporation from a "hold" rating to a "buy" rating and set a $43.00 price target on the stock in a research report on Friday. RBC Capital Markets maintained Masco Corp (NYSE:MAS) on Wednesday, April 26 with "Outperform" rating. Masco Corporation now has an average rating of "Buy" and an average target price of $40.06. Instinet reaffirmed a "buy" rating on shares of Masco Corporation in a research note on Friday, April 14th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Accern also assigned media coverage about the construction company an impact score of 46.0662031984466 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
In related news, Director Richard A. Manoogian sold 60,323 shares of Masco Corporation stock in a transaction on Tuesday, May 23rd.
Rogers Communications Inc. (RCI) declined -1.59% and its total traded volume was 0.36 million shares contrast to the average volume of 0.33 million shares. Following the sale, the vice president now owns 65,961 shares of the company's stock, valued at approximately $2,544,775.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lokeren Mary Ann Van sold 3,880 shares of the stock in a transaction on Thursday, May 4th. They now have a United States dollars 36 price target on the stock. The disclosure for this sale can be found here. Insiders sold a total of 194,401 shares of company stock worth $7,204,672 over the last quarter.
MAS has been the topic of several recent analyst reports. Trust Co. of Vermont raised its stake in shares of Masco Corporation by 4.4% in the second quarter. Bank of Montreal Can now owns 189,991 shares of the construction company's stock worth $6,457,000 after buying an additional 11,775 shares during the period. Gulf International Bank UK Ltd increased its position in Masco Corporation by 1.7% in the first quarter. The institutional investor owned 108,599 shares of the construction company's stock after selling 87 shares during the period. BB&T Securities LLC increased its stake in shares of Masco Corporation by 1.0% in the first quarter. Institutional investors own 89.02% of the company's stock. Finally, VNBTrust National Association purchased a new stake in Masco Corporation during the second quarter valued at about $203,000. Bollard Group LLC now owns 42,560 shares of the construction company's stock valued at $1,626,000 after buying an additional 115 shares during the last quarter. Atria Investments LLC now owns 13,642 shares of the construction company's stock valued at $521,000 after buying an additional 121 shares during the last quarter.
GE Transportation to end locomotive production in Erie
The job cuts represent about a fifth of the more than 2,500 people that the Northwest Pennsylvania plant employs. They say that the company will still do prototype development at the Lawrence Park location.
ILLEGAL ACTIVITY WARNING: This article was first posted by BBNS and is owned by of BBNS. If you are accessing this report on another publication, it was stolen and reposted in violation of US & worldwide copyright laws. The correct version of this piece can be accessed at https://www.baseball-news-blog.com/2017/07/27/masco-corporation-nysemas-shares-sold-by-gateway-investment-advisers-llc-updated.html. Nomura Asset Mngmt Ltd has invested 0.02% of its portfolio in Masco Corp (NYSE:MAS).
Shares of Masco Corporation (MAS) traded up 0.56% on Tuesday, reaching $37.93. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37. The stock has a 50 day moving average price of $38.30 and a 200 day moving average price of $35.44. The company has market cap of $11.87 billion.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, July 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, July 12th. Masco Corporation's dividend payout ratio (DPR) is presently 25.32%.
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products.
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