Wall Street analysts expect Masonite International Corp (NYSE:DOOR) to report $548.73 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Masonite International’s earnings, with the lowest sales estimate coming in at $537.28 million and the highest estimate coming in at $558.87 million. Masonite International posted sales of $508.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 20th.
According to Zacks, analysts expect that Masonite International will report full-year sales of $2.19 billion for the current year, with estimates ranging from $2.18 billion to $2.20 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.34 billion, with estimates ranging from $2.28 billion to $2.37 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Masonite International.
Masonite International (NYSE:DOOR) last announced its earnings results on Tuesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.02). The firm had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $559.88 million. Masonite International had a net margin of 7.08% and a return on equity of 14.72%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS.
A number of analysts have issued reports on DOOR shares. Wedbush cut their target price on Masonite International from $67.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 13th. They noted that the move was a valuation call. TheStreet lowered Masonite International from a “b” rating to a “c+” rating in a research report on Wednesday, August 22nd. Zacks Investment Research raised Masonite International from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Thursday, October 4th. Robert W. Baird cut their target price on Masonite International from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, November 8th. Finally, Royal Bank of Canada set a $76.00 target price on Masonite International and gave the company a “buy” rating in a research report on Monday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.71.
Shares of NYSE DOOR opened at $51.80 on Friday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.56 and a beta of 1.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.23 and a current ratio of 3.26. Masonite International has a 52-week low of $51.15 and a 52-week high of $75.25.
Institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Masonite International by 69.4% during the second quarter. American Century Companies Inc. now owns 89,804 shares of the company’s stock worth $6,452,000 after acquiring an additional 36,777 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Masonite International by 10.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 226,730 shares of the company’s stock worth $16,291,000 after acquiring an additional 21,520 shares during the period. Pzena Investment Management LLC increased its position in shares of Masonite International by 1.9% during the third quarter. Pzena Investment Management LLC now owns 1,021,286 shares of the company’s stock worth $65,464,000 after acquiring an additional 19,238 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Masonite International by 773.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,008 shares of the company’s stock worth $143,000 after acquiring an additional 1,778 shares during the period. Finally, Systematic Financial Management LP increased its position in shares of Masonite International by 13.9% during the third quarter. Systematic Financial Management LP now owns 84,825 shares of the company’s stock worth $5,437,000 after acquiring an additional 10,350 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.
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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