Equities analysts expect Masonite International Corp (NYSE:DOOR) to report $545.74 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Masonite International Corp’s earnings, with the highest sales estimate coming in at $553.26 million and the lowest estimate coming in at $541.46 million. Masonite International Corp posted sales of $513.99 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 9th.

According to Zacks, analysts expect that Masonite International Corp will report full-year sales of $545.74 million for the current year, with estimates ranging from $2.09 billion to $2.13 billion. For the next year, analysts forecast that the business will post sales of $2.27 billion per share, with estimates ranging from $2.25 billion to $2.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Masonite International Corp.

Masonite International Corp (NYSE:DOOR) last released its quarterly earnings results on Monday, May 8th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Masonite International Corp had a return on equity of 14.01% and a net margin of 3.54%. The business had revenue of $487.18 million during the quarter, compared to analysts’ expectations of $497.51 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Masonite International Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Instinet reduced their target price on shares of Masonite International Corp from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. TheStreet raised shares of Masonite International Corp from a “c+” rating to a “b-” rating in a research note on Monday, March 6th. Royal Bank of Canada increased their target price on shares of Masonite International Corp from $87.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, March 8th. Finally, Nomura assumed coverage on shares of Masonite International Corp in a research note on Wednesday, April 12th. They issued a “buy” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.11.

In other news, insider Robert Edgar Lewis sold 3,500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $74.08, for a total value of $259,280.00. Following the transaction, the insider now directly owns 22,618 shares in the company, valued at $1,675,541.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lawrence P. Repar sold 19,647 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $78.60, for a total transaction of $1,544,254.20. Following the completion of the transaction, the insider now owns 48,726 shares in the company, valued at $3,829,863.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,120 shares of company stock worth $1,959,401. Company insiders own 2.42% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Masonite International Corp by 3.0% in the first quarter. Vanguard Group Inc. now owns 2,351,329 shares of the company’s stock worth $186,343,000 after buying an additional 68,943 shares during the last quarter. BlackRock Inc. boosted its position in Masonite International Corp by 84,431.7% in the first quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock worth $169,086,000 after buying an additional 2,131,056 shares during the last quarter. Wellington Management Group LLP boosted its position in Masonite International Corp by 20.2% in the first quarter. Wellington Management Group LLP now owns 1,789,122 shares of the company’s stock worth $141,789,000 after buying an additional 301,135 shares during the last quarter. Praesidium Investment Management Company LLC boosted its position in Masonite International Corp by 30.7% in the first quarter. Praesidium Investment Management Company LLC now owns 1,152,496 shares of the company’s stock worth $91,335,000 after buying an additional 270,891 shares during the last quarter. Finally, 12 West Capital Management LP bought a new position in Masonite International Corp during the fourth quarter worth approximately $71,165,000. Hedge funds and other institutional investors own 99.01% of the company’s stock.

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Shares of Masonite International Corp (NYSE:DOOR) opened at 75.40 on Friday. The stock has a market cap of $2.25 billion, a PE ratio of 22.32 and a beta of 1.17. The stock’s 50 day moving average price is $78.30 and its 200 day moving average price is $72.20. Masonite International Corp has a 1-year low of $55.60 and a 1-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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