Masonite International Co. (NYSE:DOOR) Expected to Post Earnings of $1.95 Per Share

Brokerages predict that Masonite International Co. (NYSE:DOORGet Rating) will announce earnings per share (EPS) of $1.95 for the current quarter, Zacks reports. Three analysts have made estimates for Masonite International’s earnings, with estimates ranging from $1.89 to $2.04. Masonite International reported earnings per share of $1.93 in the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The firm is expected to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Masonite International will report full year earnings of $9.81 per share for the current fiscal year, with EPS estimates ranging from $9.52 to $10.29. For the next year, analysts anticipate that the business will post earnings of $11.25 per share, with EPS estimates ranging from $10.24 to $12.91. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Masonite International.

Masonite International (NYSE:DOORGet Rating) last released its earnings results on Monday, February 21st. The company reported $2.01 earnings per share for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.02). The business had revenue of $635.97 million during the quarter, compared to the consensus estimate of $662.96 million. Masonite International had a net margin of 3.64% and a return on equity of 27.40%. During the same period last year, the business posted $1.26 EPS.

DOOR has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price objective on shares of Masonite International from $153.00 to $142.00 and set an “outperform” rating for the company in a research report on Wednesday, February 23rd. Zacks Investment Research raised shares of Masonite International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 1st. JPMorgan Chase & Co. reduced their target price on Masonite International from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. TheStreet downgraded Masonite International from a “b” rating to a “c” rating in a report on Friday, February 18th. Finally, StockNews.com started coverage on Masonite International in a research report on Thursday, March 31st. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $126.00.

Shares of DOOR traded up $3.22 during midday trading on Thursday, reaching $78.57. The stock had a trading volume of 902 shares, compared to its average volume of 183,611. The company’s 50 day simple moving average is $90.96. Masonite International has a one year low of $72.86 and a one year high of $132.22. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 20.58 and a beta of 1.73. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.05 and a current ratio of 2.95.

In other Masonite International news, Director Jay Ira Steinfeld bought 1,000 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was purchased at an average cost of $85.80 per share, with a total value of $85,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. lifted its position in Masonite International by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 910,173 shares of the company’s stock worth $96,596,000 after buying an additional 264,088 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in Masonite International by 32.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 721,389 shares of the company’s stock worth $85,087,000 after buying an additional 177,459 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings in Masonite International by 0.3% in the third quarter. Rice Hall James & Associates LLC now owns 715,325 shares of the company’s stock worth $75,917,000 after buying an additional 1,909 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Masonite International by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 681,453 shares of the company’s stock worth $72,327,000 after buying an additional 2,022 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Masonite International by 3.3% during the third quarter. Lord Abbett & CO. LLC now owns 582,416 shares of the company’s stock valued at $61,813,000 after purchasing an additional 18,838 shares during the last quarter.

About Masonite International (Get Rating)

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.

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Earnings History and Estimates for Masonite International (NYSE:DOOR)

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