Equities research analysts expect Masonite International Corp (NYSE:DOOR) to announce sales of $516.26 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Masonite International’s earnings, with the highest sales estimate coming in at $533.00 million and the lowest estimate coming in at $509.43 million. Masonite International posted sales of $487.18 million in the same quarter last year, which suggests a positive year over year growth rate of 6%. The company is expected to announce its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that Masonite International will report full year sales of $516.26 million for the current financial year, with estimates ranging from $2.16 billion to $2.19 billion. For the next year, analysts expect that the company will post sales of $2.28 billion per share, with estimates ranging from $2.26 billion to $2.29 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Masonite International.
Masonite International (NYSE:DOOR) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.13). Masonite International had a net margin of 7.46% and a return on equity of 14.53%. The firm had revenue of $508.50 million for the quarter, compared to the consensus estimate of $512.46 million. During the same period in the prior year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis.
Several equities analysts recently issued reports on DOOR shares. Stifel Nicolaus cut their price target on shares of Masonite International from $69.00 to $68.00 and set a “hold” rating for the company in a report on Friday, February 23rd. TheStreet raised shares of Masonite International from a “c+” rating to a “b” rating in a report on Friday, November 24th. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price target on shares of Masonite International in a report on Friday, February 23rd. B. Riley lifted their price target on shares of Masonite International from $72.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of Masonite International from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $77.90.
In other Masonite International news, insider Robert Edgar Lewis sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $65.75, for a total value of $197,250.00. Following the completion of the sale, the insider now owns 16,372 shares in the company, valued at approximately $1,076,459. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.19% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of DOOR. Public Employees Retirement System of Ohio increased its position in Masonite International by 6.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock valued at $119,000 after acquiring an additional 101 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Masonite International during the 3rd quarter worth approximately $221,000. First Republic Investment Management Inc. acquired a new stake in shares of Masonite International during the 3rd quarter worth approximately $225,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Masonite International during the 4th quarter worth approximately $233,000. Finally, California Public Employees Retirement System grew its position in shares of Masonite International by 14.3% during the 2nd quarter. California Public Employees Retirement System now owns 3,200 shares of the company’s stock worth $242,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 99.17% of the company’s stock.
Shares of Masonite International (NYSE DOOR) traded down $1.00 during mid-day trading on Monday, reaching $62.25. 224,573 shares of the company traded hands, compared to its average volume of 241,650. Masonite International has a 12-month low of $50.40 and a 12-month high of $85.30. The company has a market cap of $1,802.10, a P/E ratio of 12.31 and a beta of 1.27. The company has a quick ratio of 2.20, a current ratio of 3.25 and a debt-to-equity ratio of 0.85.
About Masonite International
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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