Masco Corp. Plans Quarterly Dividend of $0.08 (MAS)
Masco Corp. (NYSE:MAS) announced a quarterly dividend on Monday, September 16th, Stock Ratings Network.com reports. Stockholders of record on Friday, October 11th will be paid a dividend of $0.075 per share on Monday, November 4th. This represents a $0.30 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, October 9th.
Several analysts have recently commented on the stock. Analysts at Oppenheimer upgraded shares of Masco Corp. (NYSE:MAS) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 10th. They now have a $25.00 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a “hold” rating on shares of Masco Corp. (NYSE:MAS) in a research note to investors on Monday, September 9th. They now have a $19.00 price target on the stock, up previously from $18.00. Finally, analysts at Argus reiterated a “focus list” rating on shares of Masco Corp. (NYSE:MAS) in a research note to investors on Wednesday, August 28th. They now have a $25.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.63.
Shares of Masco Corp. (NYSE:MAS) traded up 2.35% on Monday, hitting $21.30. 4,642,121 shares of the company’s stock traded hands. Masco Corp. has a 52-week low of $14.06 and a 52-week high of $22.83. The stock’s 50-day moving average is $19.79 and its 200-day moving average is $20.20. The company has a market cap of $7.603 billion and a price-to-earnings ratio of 150.80. Masco Corp. also saw unusually large options trading on Monday. Stock traders purchased 12,676 call options on the stock. This is an increase of approximately 251% compared to the average daily volume of 3,615 call options.
Masco Corp. (NYSE:MAS) last released its earnings data on Monday, July 29th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Masco Corp. will post $0.76 earnings per share for the current fiscal year.
Masco Corporation manufactures, distributes and installs home improvement and building products. The Company is a manufacturer of a number of home improvements and building products, including faucets, cabinets, architectural coatings and windows, and the installer of insulation for the new home construction market.
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