Masonite International (DOOR) Set to Announce Quarterly Earnings on Monday

Masonite International (NYSE:DOOR) is scheduled to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $2.01 per share for the quarter.

Masonite International (NYSE:DOOR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.05). Masonite International had a net margin of 4.18% and a return on equity of 20.17%. The firm had revenue of $660.58 million during the quarter, compared to analyst estimates of $659.87 million. During the same period last year, the firm earned $1.72 EPS. On average, analysts expect Masonite International to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Masonite International Price Performance

Shares of DOOR stock opened at $131.61 on Monday. Masonite International has a 12-month low of $76.87 and a 12-month high of $131.94. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 6.94 and a beta of 1.64. The company has a quick ratio of 1.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.22. The firm has a fifty day moving average of $130.86 and a 200-day moving average of $104.53.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DOOR shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $133.00 price target (up from $115.00) on shares of Masonite International in a research report on Monday, February 12th. Wedbush reaffirmed a “neutral” rating and issued a $133.00 target price on shares of Masonite International in a report on Tuesday, February 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $133.00 target price (up from $119.00) on shares of Masonite International in a report on Wednesday, February 21st. StockNews.com initiated coverage on shares of Masonite International in a report on Wednesday, April 24th. They issued a “hold” rating on the stock. Finally, Oppenheimer initiated coverage on shares of Masonite International in a report on Friday, January 19th. They issued an “outperform” rating and a $115.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $116.89.

Insider Activity at Masonite International

In related news, insider Robert Paxton sold 721 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value of $93,693.95. Following the completion of the transaction, the insider now owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Christopher O. Ball sold 396 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $51,503.76. Following the completion of the transaction, the insider now owns 13,263 shares of the company’s stock, valued at $1,724,985.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Paxton sold 721 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total transaction of $93,693.95. Following the transaction, the insider now directly owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The disclosure for this sale can be found here. Insiders sold a total of 1,641 shares of company stock valued at $213,329 in the last quarter. Insiders own 1.21% of the company’s stock.

About Masonite International

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products.