$511.64 Million in Sales Expected for Masonite International Corp (DOOR) This Quarter

Wall Street analysts expect that Masonite International Corp (NYSE:DOOR) will announce sales of $511.64 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Masonite International’s earnings. The lowest sales estimate is $504.10 million and the highest is $521.06 million. Masonite International reported sales of $481.03 million during the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The company is expected to announce its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Masonite International will report full year sales of $511.64 million for the current financial year, with estimates ranging from $2.03 billion to $2.05 billion. For the next financial year, analysts expect that the business will post sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Masonite International.

Masonite International (NYSE:DOOR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.08. Masonite International had a net margin of 4.75% and a return on equity of 14.38%. The company had revenue of $517.50 million for the quarter, compared to the consensus estimate of $509.04 million. During the same period in the prior year, the firm posted $0.89 EPS. Masonite International’s revenue for the quarter was up 5.7% on a year-over-year basis.

Several research firms have issued reports on DOOR. Wedbush cut shares of Masonite International from an “outperform” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Tuesday, October 3rd. BidaskClub cut shares of Masonite International from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. B. Riley upped their target price on shares of Masonite International from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Stifel Nicolaus restated a “hold” rating and set a $69.00 target price (up previously from $60.00) on shares of Masonite International in a research note on Thursday, November 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $74.00 target price (up previously from $72.00) on shares of Masonite International in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $76.60.

In other news, Director John C. Wills sold 1,015 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $72.70, for a total value of $73,790.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Edgar Lewis sold 1,400 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $70.52, for a total transaction of $98,728.00. Following the completion of the transaction, the insider now owns 22,518 shares in the company, valued at approximately $1,587,969.36. The disclosure for this sale can be found here. Insiders sold a total of 4,015 shares of company stock worth $288,263 in the last quarter. Company insiders own 2.19% of the company’s stock.

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Masonite International by 6.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock worth $119,000 after purchasing an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Masonite International by 18.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after purchasing an additional 258 shares during the period. SG Americas Securities LLC lifted its stake in shares of Masonite International by 1.4% in the 2nd quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock worth $181,000 after purchasing an additional 34 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Masonite International in the 3rd quarter worth approximately $221,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Masonite International in the 3rd quarter worth approximately $225,000.

Masonite International (NYSE DOOR) opened at $71.95 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.05 and a current ratio of 3.12. The stock has a market cap of $2,050.00, a PE ratio of 22.63 and a beta of 1.38. Masonite International has a one year low of $50.40 and a one year high of $85.30.

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About Masonite International

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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