Masonite International Corporation (DOOR) Releases Quarterly Earnings Results, Misses Expectations By $0.22 EPS
Masonite International Corporation (NYSE:DOOR) issued its quarterly earnings results on Wednesday. The company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.22, Bloomberg Earnings reports. Masonite International Corporation had a return on equity of 14.73% and a net margin of 5.29%. The company had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. During the same quarter in the previous year, the business earned $1.02 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis.
Masonite International Corporation (NYSE DOOR) traded down 0.34% on Wednesday, reaching $72.75. 436,450 shares of the company were exchanged. Masonite International Corporation has a 12-month low of $55.60 and a 12-month high of $85.30. The firm has a 50-day moving average of $75.77 and a 200 day moving average of $75.57. The firm has a market capitalization of $2.17 billion, a P/E ratio of 21.54 and a beta of 1.26.
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A number of research analysts recently weighed in on DOOR shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $92.00 price objective on shares of Masonite International Corporation in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Monday, July 24th. Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of Masonite International Corporation in a research note on Friday, June 16th. Instinet reduced their price objective on shares of Masonite International Corporation from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, May 9th. Finally, Nomura started coverage on shares of Masonite International Corporation in a research note on Wednesday, April 12th. They issued a “buy” rating and a $50.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $79.44.
In other Masonite International Corporation news, insider Robert Edgar Lewis sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $74.08, for a total transaction 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 SEC, which can be accessed through this link. 2.19% of the stock is currently owned by corporate insiders.
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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