Equities analysts expect that Masonite International Corp (NYSE:DOOR) will report $511.64 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Masonite International’s earnings, with estimates ranging from $504.10 million to $521.06 million. Masonite International reported sales of $481.03 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.4%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Masonite International will report full-year sales of $511.64 million for the current fiscal year, with estimates ranging from $2.03 billion to $2.05 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.17 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Masonite International.
Masonite International (NYSE:DOOR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.00 EPS for the quarter, topping 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 business had revenue of $517.50 million during the quarter, compared to analyst estimates of $509.04 million. During the same period in the prior year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis.
Masonite International (NYSE DOOR) opened at $69.05 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.12 and a quick ratio of 2.05. Masonite International has a 1-year low of $50.40 and a 1-year high of $85.30. The company has a market cap of $2,031.42, a price-to-earnings ratio of 22.16 and a beta of 1.18.
In related news, insider Robert Edgar Lewis sold 1,400 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total transaction of $98,728.00. Following the sale, the insider now directly owns 22,518 shares of the company’s stock, valued at approximately $1,587,969.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James A. Hair sold 1,600 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $72.34, for a total transaction of $115,744.00. Following the sale, the insider now directly owns 4,172 shares in the company, valued at $301,802.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,015 shares of company stock valued at $288,263. 2.19% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. grew its position in Masonite International by 448.6% during the 3rd quarter. Sei Investments Co. now owns 147,245 shares of the company’s stock valued at $10,190,000 after purchasing an additional 120,406 shares during the last quarter. Voya Investment Management LLC grew its position in Masonite International by 20.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,026 shares of the company’s stock valued at $1,059,000 after purchasing an additional 2,410 shares during the last quarter. New York State Common Retirement Fund grew its position in Masonite International by 20.4% during the 2nd quarter. New York State Common Retirement Fund now owns 130,112 shares of the company’s stock valued at $9,823,000 after purchasing an additional 22,006 shares during the last quarter. Jane Street Group LLC purchased a new stake in Masonite International during the 3rd quarter valued at about $299,000. Finally, Pax World Management LLC purchased a new stake in Masonite International during the 3rd quarter valued at about $8,230,000.
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Masonite International Company Profile
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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