Brokerages Anticipate Masonite International Corp (DOOR) Will Post Earnings of $0.73 Per Share
Wall Street analysts expect Masonite International Corp (NYSE:DOOR) to post earnings per share of $0.73 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Masonite International Corp’s earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $0.80. Masonite International Corp posted earnings of $0.57 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 28.1%. The company is scheduled to announce its next earnings report on Wednesday, May 3rd.
According to Zacks, analysts expect that Masonite International Corp will report full year earnings of $4.24 per share for the current year, with EPS estimates ranging from $4.11 to $4.35. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.20 per share, with EPS estimates ranging from $4.81 to $5.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Masonite International Corp.
Masonite International Corp (NYSE:DOOR) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.07. The firm earned $481.03 million during the quarter, compared to the consensus estimate of $483.83 million. Masonite International Corp had a return on equity of 14.01% and a net margin of 3.54%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS.
Several research analysts have recently commented on DOOR shares. Wedbush lifted their price objective on Masonite International Corp to $85.00 in a report on Friday, February 24th. TheStreet upgraded Masonite International Corp from a “c+” rating to a “b-” rating in a report on Monday, March 6th. Instinet boosted their price target on Masonite International Corp from $69.00 to $73.00 and gave the company a “buy” rating in a report on Friday. Nomura began coverage on Masonite International Corp in a report on Wednesday, April 12th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on Masonite International Corp from $87.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, March 8th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $76.50.
In related news, insider Robert Edgar Lewis sold 1,973 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $79.00, for a total transaction of $155,867.00. Following the transaction, the insider now owns 26,218 shares in the company, valued at approximately $2,071,222. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lawrence P. Repar sold 19,647 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $78.60, for a total value of $1,544,254.20. Following the transaction, the insider now owns 48,726 shares in the company, valued at approximately $3,829,863.60. The disclosure for this sale can be found here. 2.42% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Peregrine Capital Management LLC boosted its stake in Masonite International Corp by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 274,890 shares of the company’s stock valued at $21,895,000 after buying an additional 18,884 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Masonite International Corp during the fourth quarter valued at $589,000. Norges Bank purchased a new stake in Masonite International Corp during the fourth quarter valued at $15,770,000. Thrivent Financial for Lutherans boosted its stake in Masonite International Corp by 19.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 197,950 shares of the company’s stock valued at $13,025,000 after buying an additional 32,420 shares during the last quarter. Finally, Empire Life Investments Inc. purchased a new stake in Masonite International Corp during the fourth quarter valued at $2,847,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of Masonite International Corp (NYSE:DOOR) traded up 0.13% on Tuesday, reaching $78.35. The company’s stock had a trading volume of 98,383 shares. Masonite International Corp has a 12-month low of $55.60 and a 12-month high of $81.95. The company’s 50 day moving average price is $79.24 and its 200 day moving average price is $68.38. The company has a market cap of $2.33 billion, a P/E ratio of 24.75 and a beta of 1.17.
Masonite International Corp Company Profile
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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