Masonite International Corp (NYSE:DOOR) – Equities research analysts at Northcoast Research lowered their Q3 2018 earnings estimates for shares of Masonite International in a report issued on Thursday, October 4th. Northcoast Research analyst K. Hocevar now anticipates that the company will earn $1.11 per share for the quarter, down from their previous estimate of $1.15. Northcoast Research also issued estimates for Masonite International’s Q4 2018 earnings at $1.02 EPS, FY2018 earnings at $4.10 EPS and FY2019 earnings at $4.75 EPS.
Masonite International (NYSE:DOOR) last posted its earnings results on Wednesday, August 8th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.14. Masonite International had a net margin of 7.43% and a return on equity of 14.98%. The firm had revenue of $566.70 million during the quarter, compared to the consensus estimate of $560.47 million. During the same period last year, the firm posted $0.89 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis.
Several other research firms also recently weighed in on DOOR. Zacks Investment Research downgraded shares of Masonite International from a “hold” rating to a “sell” rating in a report on Monday, July 9th. ValuEngine upgraded shares of Masonite International from a “sell” rating to a “hold” rating in a report on Tuesday, June 12th. Royal Bank of Canada raised their target price on shares of Masonite International from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, June 27th. B. Riley dropped their target price on shares of Masonite International from $86.00 to $80.00 and set a “buy” rating for the company in a report on Monday, August 13th. Finally, TheStreet downgraded shares of Masonite International from a “b” rating to a “c+” rating in a report on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $72.83.
NYSE:DOOR opened at $62.80 on Monday. The company has a quick ratio of 1.54, a current ratio of 2.51 and a debt-to-equity ratio of 0.88. Masonite International has a twelve month low of $58.40 and a twelve month high of $75.95. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 18.86 and a beta of 1.17.
In other news, Director George A. Lorch sold 12,800 shares of Masonite International stock in a transaction dated Tuesday, August 21st. The shares were 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 in the company, valued at $1,567,188.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Edgar Lewis sold 4,500 shares of Masonite International stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $66.44, for a total transaction of $298,980.00. Following the sale, the insider now owns 16,786 shares of the company’s stock, valued at $1,115,261.84. The disclosure for this sale can be found here. Insiders own 2.38% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. grew its holdings 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 buying an additional 36,777 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings 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 buying an additional 21,520 shares in the last quarter. Pembroke Management LTD grew its holdings in shares of Masonite International by 62.4% during the second quarter. Pembroke Management LTD now owns 206,945 shares of the company’s stock worth $14,869,000 after buying an additional 79,500 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Masonite International by 0.9% during the first quarter. Royal Bank of Canada now owns 202,647 shares of the company’s stock worth $12,432,000 after buying an additional 1,775 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. purchased a new stake in shares of Masonite International during the second quarter worth about $4,670,000. Institutional investors and hedge funds own 95.99% 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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