Wall Street analysts expect Masonite International Corporation (NYSE:DOOR) to post earnings of $1.11 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Masonite International Corporation’s earnings. The highest EPS estimate is $1.19 and the lowest is $1.04. Masonite International Corporation posted earnings per share of $1.02 in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, August 9th.
On average, analysts expect that Masonite International Corporation will report full year earnings of $4.23 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 report earnings of $5.14 per share, with EPS estimates ranging from $4.70 to $5.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Masonite International Corporation.
Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.78 EPS for the quarter, beating the 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 firm had revenue of $487.18 million during the quarter, compared to analyst estimates of $497.51 million. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year.
A number of equities research analysts recently weighed in on DOOR shares. Nomura started coverage on shares of Masonite International Corporation in a research report on Wednesday, April 12th. They issued a “buy” rating and a $50.00 price target for the company. Instinet boosted their price target on shares of Masonite International Corporation from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, April 14th. Zacks Investment Research cut shares of Masonite International Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of Masonite International Corporation in a research report on Friday, June 16th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 price target on shares of Masonite International Corporation in a research report on Monday, June 19th. Nine research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $79.44.
Masonite International Corporation (DOOR) opened at 75.85 on Monday. The company has a 50-day moving average price of $75.77 and a 200-day moving average price of $75.57. Masonite International Corporation has a 52 week low of $55.60 and a 52 week high of $85.30. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 22.45 and a beta of 1.26.
In other news, insider Robert Edgar Lewis sold 3,500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $74.08, for a total value of $259,280.00. Following the completion of the sale, the insider now directly owns 22,618 shares of the company’s stock, valued at $1,675,541.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.19% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Masonite International Corporation by 84,431.7% in the first quarter. BlackRock Inc. now owns 2,133,580 shares of the company’s stock worth $169,086,000 after buying an additional 2,131,056 shares during the last quarter. Clearbridge Investments LLC boosted 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 worth $75,762,000 after buying an additional 397,684 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Masonite International Corporation by 20.2% in the first quarter. Wellington Management Group LLP now owns 1,789,122 shares of the company’s stock worth $141,789,000 after buying an additional 301,135 shares during the last quarter. Praesidium Investment Management Company LLC boosted its stake in shares of 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, Norges Bank acquired a new stake in shares of Masonite International Corporation during the fourth quarter worth approximately $15,770,000. 98.25% of the stock is owned by institutional investors and hedge funds.
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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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