Wall Street analysts forecast that Masonite International Corp (NYSE:DOOR) will report earnings per share of $0.84 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Masonite International’s earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.75. Masonite International posted earnings per share of $0.55 in the same quarter last year, which would indicate a positive year over year growth rate of 52.7%. The firm is expected to report its next earnings results on Wednesday, February 28th.
On average, analysts expect that Masonite International will report full year earnings of $3.48 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $3.69. For the next fiscal year, analysts anticipate that the company will post earnings of $3.87 per share, with EPS estimates ranging from $3.77 to $3.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Masonite International.
Masonite International (NYSE:DOOR) last announced its earnings results on Tuesday, November 7th. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. The business had revenue of $517.50 million during the quarter, compared to the consensus estimate of $509.04 million. Masonite International had a net margin of 4.75% and a return on equity of 14.38%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share.
A number of equities analysts have commented on DOOR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price (up from $72.00) on shares of Masonite International in a report on Thursday, November 9th. BidaskClub downgraded shares of Masonite International from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Masonite International from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and set a $70.00 price objective on shares of Masonite International in a report on Sunday, September 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $69.00 price objective (up previously from $60.00) on shares of Masonite International in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $76.73.
In other Masonite International news, insider James A. Hair sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $72.34, for a total value of $115,744.00. Following the sale, the insider now owns 4,172 shares in the company, valued at approximately $301,802.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Edgar Lewis sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $70.52, for a total value of $98,728.00. Following the completion of the sale, the insider now owns 22,518 shares in the company, valued at approximately $1,587,969.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,015 shares of company stock worth $288,263. Insiders own 2.19% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of Masonite International by 6.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock worth $119,000 after buying an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Masonite International by 18.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after buying an additional 258 shares during the period. SG Americas Securities LLC raised its stake in Masonite International by 1.4% in the 2nd quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock valued at $181,000 after purchasing an additional 34 shares during the last quarter. Symphony Asset Management LLC acquired a new position in Masonite International in the 2nd quarter valued at $200,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Masonite International in the 3rd quarter valued at $221,000.
Shares of Masonite International (NYSE:DOOR) traded down $0.15 during trading on Friday, reaching $72.30. 157,218 shares of the company’s stock were exchanged, compared to its average volume of 225,972. The company has a market capitalization of $2,028.57, a P/E ratio of 22.13 and a beta of 1.33. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.12 and a quick ratio of 2.05. Masonite International has a fifty-two week low of $50.40 and a fifty-two week high of $85.30.
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About Masonite International
Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.
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