Zacks: Analysts Expect Masonite International Corporation (NYSE:DOOR) Will Announce Earnings of $1.11 Per Share
Wall Street analysts predict that Masonite International Corporation (NYSE:DOOR) will announce earnings of $1.11 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Masonite International Corporation’s earnings. The lowest EPS estimate is $1.04 and the highest is $1.19. Masonite International Corporation posted earnings of $1.02 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.8%. The firm is expected to announce its next earnings results on Wednesday, August 9th.
According to Zacks, analysts expect that Masonite International Corporation will report full-year earnings of $4.22 per share for the current year, with EPS estimates ranging from $4.10 to $4.39. For the next fiscal year, analysts anticipate that the business will post earnings of $5.12 per share, with EPS estimates ranging from $4.70 to $5.50. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Masonite International Corporation.
Masonite International Corporation (NYSE:DOOR) last released its quarterly earnings results on Monday, May 8th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Masonite International Corporation had a return on equity of 14.73% and a net margin of 5.29%. The business had revenue of $487.18 million during the quarter, compared to analysts’ expectations of $497.51 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year.
Several analysts have recently issued reports on DOOR shares. Zacks Investment Research downgraded Masonite International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $92.00 price target on shares of Masonite International Corporation in a report on Monday, June 19th. Instinet upped their price target on Masonite International Corporation from $69.00 to $73.00 and gave the company a “buy” rating in a report on Friday, April 14th. Nomura assumed coverage on Masonite International Corporation in a report on Wednesday, April 12th. They issued a “buy” rating and a $50.00 price target for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Masonite International Corporation in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $78.11.
In related news, insider Robert Edgar Lewis sold 3,500 shares of Masonite International Corporation stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $74.08, for a total transaction of $259,280.00. Following the completion of the transaction, the insider now owns 22,618 shares in the company, valued at $1,675,541.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.19% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of DOOR. Clearbridge Investments LLC increased its stake in shares of Masonite International Corporation by 71.2% in the first quarter. Clearbridge Investments LLC now owns 955,984 shares of the company’s stock valued at $75,762,000 after buying an additional 397,684 shares during the period. CNA Financial Corp increased its stake in Masonite International Corporation by 3.0% in the first quarter. CNA Financial Corp now owns 25,062 shares of the company’s stock worth $1,986,000 after buying an additional 726 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in Masonite International Corporation by 18.8% in the first quarter. Tudor Investment Corp ET AL now owns 21,657 shares of the company’s stock worth $1,716,000 after buying an additional 3,427 shares during the last quarter. Praesidium Investment Management Company LLC increased its stake in Masonite International Corporation by 30.7% in the first quarter. Praesidium Investment Management Company LLC now owns 1,152,496 shares of the company’s stock worth $91,335,000 after buying an additional 270,891 shares during the last quarter. Finally, Eventide Asset Management LLC increased its stake in Masonite International Corporation by 2.9% in the first quarter. Eventide Asset Management LLC now owns 310,000 shares of the company’s stock worth $24,568,000 after buying an additional 8,740 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.
Masonite International Corporation (NYSE DOOR) traded up 0.92% on Monday, reaching $76.70. The company’s stock had a trading volume of 130,378 shares. The firm has a market capitalization of $2.29 billion, a P/E ratio of 22.71 and a beta of 1.26. The firm has a 50-day moving average price of $74.46 and a 200 day moving average price of $73.67. Masonite International Corporation has a 52-week low of $55.60 and a 52-week high of $85.30.
About Masonite International Corporation
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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