Equities analysts expect that Masonite International Corp (NYSE:DOOR) will post $516.26 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Masonite International’s earnings, with estimates ranging from $509.43 million to $533.00 million. Masonite International reported sales of $487.18 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The company is expected to issue its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that Masonite International will report full year sales of $516.26 million for the current year, with estimates ranging from $2.16 billion to $2.19 billion. For the next year, analysts forecast that the firm will report sales of $2.28 billion per share, with estimates ranging from $2.26 billion to $2.29 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Masonite International.
Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.13). Masonite International had a return on equity of 14.53% and a net margin of 7.46%. The company had revenue of $508.50 million for the quarter, compared to the consensus estimate of $512.46 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis.
DOOR has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price objective on shares of Masonite International from $69.00 to $68.00 and set a “hold” rating for the company in a report on Friday, February 23rd. TheStreet raised shares of Masonite International from a “c+” rating to a “b” rating in a report on Friday, November 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price target on shares of Masonite International in a research note on Friday, February 23rd. B. Riley boosted their price target on shares of Masonite International from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of Masonite International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $77.90.
In other Masonite International news, insider Robert Edgar Lewis sold 3,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $65.75, for a total value of $197,250.00. Following the completion of the sale, the insider now directly owns 16,372 shares of the company’s stock, valued at $1,076,459. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Bamco Inc. NY increased its position in shares of Masonite International by 3.5% in the third quarter. Bamco Inc. NY now owns 1,896,561 shares of the company’s stock valued at $131,242,000 after acquiring an additional 64,611 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Masonite International by 87.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,730,607 shares of the company’s stock valued at $119,758,000 after acquiring an additional 807,811 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of Masonite International by 204.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,012,620 shares of the company’s stock valued at $75,087,000 after acquiring an additional 679,495 shares during the period. Pzena Investment Management LLC increased its position in shares of Masonite International by 10.9% in the fourth quarter. Pzena Investment Management LLC now owns 952,166 shares of the company’s stock valued at $70,603,000 after acquiring an additional 93,484 shares during the period. Finally, Neuberger Berman Group LLC purchased a new position in shares of Masonite International in the third quarter valued at about $53,419,000. 99.17% of the stock is owned by institutional investors and hedge funds.
Shares of Masonite International (NYSE DOOR) opened at $65.05 on Monday. Masonite International has a fifty-two week low of $50.40 and a fifty-two week high of $85.30. The company has a current ratio of 3.25, a quick ratio of 2.20 and a debt-to-equity ratio of 0.85. The stock has a market cap of $1,828.81, a price-to-earnings ratio of 12.66 and a beta of 1.27.
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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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