Equities research analysts expect Masonite International Corp (NYSE:DOOR) to report earnings of $1.02 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Masonite International’s earnings, with estimates ranging from $0.88 to $1.22. Masonite International posted earnings per share of $0.71 during the same quarter last year, which would suggest a positive year-over-year growth rate of 43.7%. The business is expected to announce its next quarterly earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Masonite International will report full-year earnings of $4.03 per share for the current financial year, with EPS estimates ranging from $3.87 to $4.21. For the next year, analysts expect that the business will report earnings of $4.53 per share, with EPS estimates ranging from $3.94 to $5.11. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Masonite International.
Masonite International (NYSE:DOOR) last released its quarterly earnings results on Tuesday, November 6th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.02). The firm had revenue of $557.00 million for the quarter, compared to analyst estimates of $559.88 million. Masonite International had a return on equity of 14.72% and a net margin of 7.08%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS.
A number of research analysts recently commented on the company. Wedbush reduced their price target on Masonite International from $67.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, November 13th. They noted that the move was a valuation call. TheStreet downgraded Masonite International from a “b” rating to a “c+” rating in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Masonite International from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Thursday, October 4th. Robert W. Baird cut their price objective on Masonite International from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, November 8th. Finally, Royal Bank of Canada set a $76.00 price objective on Masonite International and gave the company a “buy” rating in a research note on Monday, October 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $67.71.
DOOR traded down $0.43 during trading on Thursday, hitting $51.60. 3,928 shares of the stock were exchanged, compared to its average volume of 192,667. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 15.52 and a beta of 1.28. Masonite International has a 1-year low of $51.15 and a 1-year high of $75.75. The company has a quick ratio of 2.23, a current ratio of 3.26 and a debt-to-equity ratio of 1.13.
A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado boosted its position in Masonite International by 167.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 1,608 shares of the company’s stock valued at $103,000 after buying an additional 1,006 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Masonite International by 773.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,008 shares of the company’s stock worth $143,000 after purchasing an additional 1,778 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Masonite International during the 3rd quarter worth approximately $207,000. Hsbc Holdings PLC raised its stake in shares of Masonite International by 95.4% during the 3rd quarter. Hsbc Holdings PLC now owns 5,509 shares of the company’s stock worth $353,000 after buying an additional 2,689 shares during the period. Finally, BB&T Corp raised its stake in shares of Masonite International by 24.4% during the 3rd quarter. BB&T Corp now owns 5,773 shares of the company’s stock worth $371,000 after buying an additional 1,134 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.
Masonite International Company Profile
Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.
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