Analysts forecast that Masonite International Corp (NYSE:DOOR) will report $531.14 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Masonite International’s earnings. The highest sales estimate is $541.30 million and the lowest is $520.50 million. Masonite International reported sales of $528.35 million during the same quarter last year, which indicates a positive year over year growth rate of 0.5%. The company is expected to issue its next quarterly earnings results on Monday, February 17th.
According to Zacks, analysts expect that Masonite International will report full-year sales of $2.18 billion for the current fiscal year, with estimates ranging from $2.17 billion to $2.19 billion. For the next year, analysts expect that the business will report sales of $2.26 billion, with estimates ranging from $2.21 billion to $2.36 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Masonite International.
Masonite International (NYSE:DOOR) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.96 by $0.12. Masonite International had a return on equity of 15.29% and a net margin of 2.55%. The business had revenue of $552.19 million during the quarter, compared to analysts’ expectations of $557.92 million. During the same period last year, the firm earned $1.03 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year.
Several equities research analysts have commented on the stock. Northcoast Research upgraded shares of Masonite International from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Wednesday, November 27th. ValuEngine downgraded shares of Masonite International from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. TheStreet upgraded shares of Masonite International from a “c+” rating to a “b-” rating in a research note on Friday, September 27th. Robert W. Baird boosted their price objective on shares of Masonite International from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered shares of Masonite International from an “outperform” rating to a “sector perform” rating and set a $62.00 target price on the stock. in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Masonite International currently has an average rating of “Hold” and a consensus target price of $67.50.
In related news, insider Robert Edgar Lewis sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $64.10, for a total value of $96,150.00. Following the sale, the insider now directly owns 26,881 shares in the company, valued at approximately $1,723,072.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.43% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC purchased a new stake in Masonite International in the 2nd quarter valued at approximately $10,254,000. D. E. Shaw & Co. Inc. grew its holdings in Masonite International by 46.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 383,377 shares of the company’s stock valued at $20,196,000 after buying an additional 121,106 shares during the last quarter. Renaissance Technologies LLC increased its position in Masonite International by 29.3% during the second quarter. Renaissance Technologies LLC now owns 269,300 shares of the company’s stock worth $14,187,000 after buying an additional 61,000 shares in the last quarter. Citadel Advisors LLC increased its position in Masonite International by 252.3% during the second quarter. Citadel Advisors LLC now owns 60,831 shares of the company’s stock worth $3,204,000 after buying an additional 43,563 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Masonite International by 298.5% in the third quarter. California Public Employees Retirement System now owns 48,806 shares of the company’s stock worth $2,831,000 after acquiring an additional 36,559 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.
NYSE:DOOR opened at $72.66 on Tuesday. Masonite International has a 1 year low of $43.76 and a 1 year high of $74.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.72 and a current ratio of 2.65. The stock has a fifty day moving average price of $66.50 and a two-hundred day moving average price of $56.33. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 19.74 and a beta of 1.39.
About Masonite International
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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