Somewhat Favorable News Coverage Somewhat Unlikely to Impact Masonite International Corporation (DOOR) Stock Price
News stories about Masonite International Corporation (NYSE:DOOR) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Masonite International Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.6347767237921 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Masonite International Corporation in a research report on Friday, June 16th. Zacks Investment Research upgraded Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Monday, July 24th. Instinet reiterated a “buy” rating and issued a $77.00 price target (down from $86.00) on shares of Masonite International Corporation in a research report on Thursday, August 10th. Nomura set a $77.00 price target on Masonite International Corporation and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus cut Masonite International Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $85.00 to $72.00 in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $75.60.
Shares of Masonite International Corporation (NYSE DOOR) traded up 0.61% during mid-day trading on Friday, reaching $66.35. The company’s stock had a trading volume of 183,384 shares. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 20.84 and a beta of 1.29. Masonite International Corporation has a 52-week low of $50.40 and a 52-week high of $85.30. The firm has a 50 day moving average price of $65.32 and a 200 day moving average price of $74.30.
Masonite International Corporation (NYSE:DOOR) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.22). Masonite International Corporation had a return on equity of 14.01% and a net margin of 4.95%. The company had revenue of $519.70 million for the quarter, compared to the consensus estimate of $547.79 million. During the same quarter last year, the business earned $1.02 EPS. Masonite International Corporation’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that Masonite International Corporation will post $3.37 EPS for the current fiscal year.
In other Masonite International Corporation news, Director Robert J. Byrne purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $60.81 per share, for a total transaction of $91,215.00. Following the purchase, the director now owns 9,633 shares in the company, valued at approximately $585,782.73. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.19% of the company’s stock.
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Masonite International Corporation 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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