Equities research analysts predict that Masonite International Corp (NYSE:DOOR) will report $1.09 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Masonite International Corp’s earnings, with the lowest EPS estimate coming in at $1.04 and the highest estimate coming in at $1.12. Masonite International Corp posted earnings per share of $1.02 during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The business is expected to issue its next earnings results on Wednesday, August 9th.

On average, analysts expect that Masonite International Corp will report full year earnings of $4.20 per share for the current financial year, with EPS estimates ranging from $4.10 to $4.39. For the next financial year, analysts anticipate that the company will post earnings of $5.12 per share, with EPS estimates ranging from $4.70 to $5.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Masonite International Corp.

Masonite International Corp (NYSE:DOOR) last announced its earnings results on Monday, May 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $487.18 million for the quarter, compared to analyst estimates of $497.51 million. Masonite International Corp had a net margin of 3.54% and a return on equity of 14.01%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share.

DOOR has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on Masonite International Corp from $87.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, March 8th. Zacks Investment Research downgraded Masonite International Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. TheStreet raised Masonite International Corp from a “c+” rating to a “b-” rating in a research report on Monday, March 6th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price (up from $72.00) on shares of Masonite International Corp in a research report on Thursday, February 23rd. Finally, Instinet upped their target price on Masonite International Corp from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Masonite International Corp currently has an average rating of “Buy” and a consensus price target of $78.11.

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In related news, insider Robert Edgar Lewis sold 1,973 shares of Masonite International Corp stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $79.00, for a total transaction of $155,867.00. Following the completion of the sale, the insider now directly owns 26,218 shares of the company’s stock, valued at $2,071,222. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lawrence P. Repar sold 19,647 shares of Masonite International Corp stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $78.60, for a total value of $1,544,254.20. Following the sale, the insider now directly owns 48,726 shares of the company’s stock, valued at $3,829,863.60. The disclosure for this sale can be found here. Insiders sold a total of 25,120 shares of company stock valued at $1,959,401 in the last quarter. Corporate insiders own 2.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers raised its position in Masonite International Corp by 3.7% in the third quarter. Rhumbline Advisers now owns 32,565 shares of the company’s stock valued at $2,025,000 after buying an additional 1,169 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Masonite International Corp by 0.8% in the third quarter. California State Teachers Retirement System now owns 64,291 shares of the company’s stock worth $3,997,000 after buying an additional 500 shares during the period. Conatus Capital Management LP acquired a new position in shares of Masonite International Corp during the third quarter worth $20,626,000. Analytic Investors LLC increased its position in shares of Masonite International Corp by 27.7% in the third quarter. Analytic Investors LLC now owns 31,613 shares of the company’s stock worth $1,966,000 after buying an additional 6,866 shares during the period. Finally, PCJ Investment Counsel Ltd. increased its position in shares of Masonite International Corp by 45.8% in the third quarter. PCJ Investment Counsel Ltd. now owns 14,580 shares of the company’s stock worth $906,000 after buying an additional 4,580 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Shares of Masonite International Corp (NYSE:DOOR) traded up 0.20% during trading on Friday, hitting $75.25. 81,442 shares of the stock were exchanged. The stock’s 50 day moving average price is $78.36 and its 200 day moving average price is $72.07. The stock has a market cap of $2.25 billion, a PE ratio of 22.28 and a beta of 1.17. Masonite International Corp has a one year low of $55.60 and a one year high of $85.30.

About Masonite International Corp

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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