FY2018 EPS Estimates for Masonite International Corp Decreased by Northcoast Research (DOOR)

Masonite International Corp (NYSE:DOOR) – Equities researchers at Northcoast Research cut their FY2018 earnings per share estimates for Masonite International in a report issued on Thursday, November 8th. Northcoast Research analyst K. Hocevar now anticipates that the company will post earnings of $3.90 per share for the year, down from their prior estimate of $4.10. Northcoast Research also issued estimates for Masonite International’s Q4 2018 earnings at $0.90 EPS and FY2019 earnings at $4.45 EPS.

Masonite International (NYSE:DOOR) last posted its earnings results on Tuesday, November 6th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.02). The business had revenue of $557.00 million for the quarter, compared to the consensus estimate of $559.88 million. Masonite International had a return on equity of 14.63% and a net margin of 7.08%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 earnings per share.

DOOR has been the subject of several other reports. Nomura decreased their target price on shares of Masonite International from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, October 9th. Zacks Investment Research downgraded shares of Masonite International from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird set a $72.00 target price on shares of Masonite International and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Royal Bank of Canada set a $76.00 target price on shares of Masonite International and gave the stock a “buy” rating in a research report on Monday, October 8th. Finally, ValuEngine downgraded shares of Masonite International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.14.

NYSE:DOOR opened at $54.50 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.51 and a debt-to-equity ratio of 0.88. The stock has a market cap of $1.57 billion, a PE ratio of 16.37 and a beta of 1.28. Masonite International has a one year low of $51.15 and a one year high of $75.95.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Masonite International by 1.4% during the 2nd quarter. BlackRock Inc. now owns 2,007,950 shares of the company’s stock valued at $144,271,000 after acquiring an additional 26,860 shares during the period. Pzena Investment Management LLC grew its position in shares of Masonite International by 8.2% during the 2nd quarter. Pzena Investment Management LLC now owns 1,002,048 shares of the company’s stock valued at $71,997,000 after acquiring an additional 75,858 shares during the period. Glenmede Trust Co. NA grew its position in shares of Masonite International by 6.0% during the 2nd quarter. Glenmede Trust Co. NA now owns 610,351 shares of the company’s stock valued at $43,853,000 after acquiring an additional 34,793 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Masonite International by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 588,268 shares of the company’s stock valued at $42,267,000 after acquiring an additional 56,752 shares during the period. Finally, Rice Hall James & Associates LLC grew its position in shares of Masonite International by 33.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 473,706 shares of the company’s stock valued at $34,036,000 after acquiring an additional 119,195 shares during the period. 96.21% of the stock is owned by hedge funds and other institutional investors.

In other Masonite International news, insider Robert Edgar Lewis sold 4,500 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $66.44, for a total value of $298,980.00. Following the completion of the sale, the insider now directly owns 16,786 shares of the company’s stock, valued at approximately $1,115,261.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George A. Lorch sold 12,800 shares of the company’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $68.64, for a total transaction of $878,592.00. Following the completion of the sale, the director now directly owns 22,832 shares of the company’s stock, valued at $1,567,188.48. The disclosure for this sale can be found here. Corporate insiders own 2.19% of the company’s stock.

About Masonite International

Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

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Earnings History and Estimates for Masonite International (NYSE:DOOR)

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