Masonite International Corporation (DOOR) Expected to Post Earnings of $1.11 Per Share
Analysts expect that Masonite International Corporation (NYSE:DOOR) will announce $1.11 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Masonite International Corporation’s earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $1.04. Masonite International Corporation reported earnings of $1.02 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The firm is expected to announce its next earnings report after the market closes on Wednesday, August 9th.
According to Zacks, analysts expect that Masonite International Corporation will report full-year earnings of $4.23 per share for the current year, with EPS estimates ranging from $4.10 to $4.39. For the next financial year, analysts anticipate that the business will report earnings of $5.14 per share, with EPS estimates ranging from $4.70 to $5.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Masonite International Corporation.
Masonite International Corporation (NYSE:DOOR) last announced its earnings results on Monday, May 8th. The company reported $0.78 earnings per share 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 Corporation had a return on equity of 14.73% and a net margin of 5.29%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS.
DOOR has been the topic of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $92.00 price objective on shares of Masonite International Corporation in a research report on Monday, June 19th. Zacks Investment Research upgraded Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday, July 24th. Instinet boosted their price objective on Masonite International Corporation from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 14th. Nomura initiated coverage on Masonite International Corporation in a research report on Wednesday, April 12th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of Masonite International Corporation in a research report on Friday, June 16th. Nine research analysts have rated the stock with a buy rating, Masonite International Corporation currently has a consensus rating of “Buy” and an average target price of $79.44.
In related news, insider Robert Edgar Lewis sold 3,500 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $74.08, for a total value of $259,280.00. Following the sale, 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 Securities & Exchange Commission, which is available through this link. 2.19% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Masonite International Corporation 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 in the last quarter. Bank of America Corp DE increased its stake in Masonite International Corporation by 49.0% in the first quarter. Bank of America Corp DE now owns 156,217 shares of the company’s stock worth $12,380,000 after buying an additional 51,367 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Masonite International Corporation during the first quarter worth approximately $491,000. Stifel Financial Corp increased its stake in Masonite International Corporation by 3.4% in the first quarter. Stifel Financial Corp now owns 3,786 shares of the company’s stock worth $300,000 after buying an additional 125 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Masonite International Corporation by 720.4% in the first quarter. Russell Investments Group Ltd. now owns 51,171 shares of the company’s stock worth $4,055,000 after buying an additional 44,934 shares in the last quarter. Institutional investors own 98.25% of the company’s stock.
Masonite International Corporation (NYSE DOOR) opened at 75.85 on Monday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 22.45 and a beta of 1.26. Masonite International Corporation has a 52 week low of $55.60 and a 52 week high of $85.30. The firm has a 50-day moving average price of $75.77 and a 200-day moving average price of $75.57.
About Masonite International Corporation
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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