Masonite International Corp (DOOR) Announces Quarterly Results
Masonite International Corp (NYSE:DOOR) issued its quarterly earnings data on Wednesday. The company reported $0.18 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.18, AmericanBankingNews.com reports. The company had revenue of $490.20 million for the quarter, compared to the consensus estimate of $484.03 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis.
Shares of Masonite International Corp (NYSE:DOOR) traded up 2.46% on Wednesday, hitting $52.12. The stock had a trading volume of 213,352 shares. Masonite International Corp has a 52-week low of $45.00 and a 52-week high of $62.25. The stock has a 50-day moving average of $53.11 and a 200-day moving average of $54.54. The company’s market cap is $1.534 billion. Masonite International Corp also was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 2,980,983 shares, a growth of 65.2% from the June 30th total of 1,803,938 shares. Currently, 11.1% of the company’s shares are sold short. Based on an average trading volume of 261,315 shares, the short-interest ratio is currently 11.4 days.
DOOR has been the subject of a number of recent research reports. Analysts at Wedbush initiated coverage on shares of Masonite International Corp in a research note on Thursday, July 17th. They set an “outperform” rating and a $62.00 price target on the stock. Analysts at RBC Capital cut their price target on shares of Masonite International Corp from $65.00 to $60.00 in a research note on Friday, May 9th.
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.
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