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

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.

DOOR has been the subject of several research reports. BidaskClub lowered shares of Masonite International from a “sell” rating to a “strong sell” rating in a report on Friday, October 13th. Robert W. Baird reiterated a “buy” rating and issued a $72.00 price target on shares of Masonite International in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Masonite International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. B. Riley reiterated a “buy” rating on shares of Masonite International in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $69.00 price target (up from $60.00) on shares of Masonite International in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $76.60.

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.

TRADEMARK VIOLATION WARNING: “$511.64 Million in Sales Expected for Masonite International Corp (DOOR) This Quarter” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/06/511-64-million-in-sales-expected-for-masonite-international-corp-door-this-quarter-2.html.

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.

Get a free copy of the Zacks research report on Masonite International (DOOR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Masonite International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply