Equities research analysts predict that Masonite International Corp (NYSE:DOOR) will announce $1.22 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Masonite International’s earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.05. Masonite International posted earnings per share of $1.24 in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Masonite International will report full year earnings of $4.03 per share for the current year, with EPS estimates ranging from $3.85 to $4.20. For the next year, analysts forecast that the business will post earnings of $4.67 per share, with EPS estimates ranging from $4.35 to $5.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Masonite International.
Masonite International (NYSE:DOOR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The business had revenue of $530.00 million for the quarter, compared to analyst estimates of $531.46 million. Masonite International had a return on equity of 15.58% and a net margin of 3.47%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 EPS.
Several equities research analysts have recently commented on DOOR shares. ValuEngine raised Masonite International from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Zacks Investment Research raised Masonite International from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Seaport Global Securities started coverage on Masonite International in a research note on Friday, March 15th. They set a “buy” rating and a $61.00 price target on the stock. Robert W. Baird set a $62.00 price target on Masonite International and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada set a $58.00 price target on Masonite International and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.00.
In related news, insider Robert Edgar Lewis sold 1,000 shares of Masonite International stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $55.28, for a total transaction of $55,280.00. Following the completion of the transaction, the insider now directly owns 21,238 shares in the company, valued at approximately $1,174,036.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.43% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Gotham Asset Management LLC raised its holdings in Masonite International by 20.0% in the 4th quarter. Gotham Asset Management LLC now owns 15,017 shares of the company’s stock valued at $673,000 after acquiring an additional 2,503 shares during the last quarter. Ramsey Quantitative Systems acquired a new position in Masonite International in the 4th quarter valued at $204,000. Globeflex Capital L P raised its holdings in Masonite International by 74.8% in the 4th quarter. Globeflex Capital L P now owns 19,386 shares of the company’s stock valued at $869,000 after acquiring an additional 8,294 shares during the last quarter. Nordea Investment Management AB raised its holdings in Masonite International by 13.6% in the 4th quarter. Nordea Investment Management AB now owns 75,630 shares of the company’s stock valued at $3,391,000 after acquiring an additional 9,078 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Masonite International by 324.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,442 shares of the company’s stock valued at $378,000 after acquiring an additional 6,453 shares during the last quarter.
Shares of NYSE:DOOR traded up $0.96 during trading on Thursday, hitting $53.19. 646 shares of the stock were exchanged, compared to its average volume of 138,960. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.36 and a beta of 1.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.73 and a quick ratio of 1.69. Masonite International has a 12-month low of $43.76 and a 12-month high of $73.40.
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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