Masonite International (DOOR) Expected to Announce Earnings of $0.67 Per Share

Brokerages forecast that Masonite International (NYSE:DOOR) will report earnings per share of $0.67 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Masonite International’s earnings. The highest EPS estimate is $0.75 and the lowest is $0.59. Masonite International posted earnings per share of $0.78 during the same quarter last year, which suggests a negative year over year growth rate of 14.1%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, May 14th.

According to Zacks, analysts expect that Masonite International will report full year earnings of $3.91 per share for the current year, with EPS estimates ranging from $3.75 to $4.12. For the next fiscal year, analysts forecast that the company will report earnings of $4.75 per share, with EPS estimates ranging from $4.46 to $5.07. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Masonite International.

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Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.13). Masonite International had a net margin of 7.46% and a return on equity of 14.53%. The company had revenue of $508.50 million for the quarter, compared to the consensus estimate of $512.46 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. Masonite International’s revenue was up 5.7% compared to the same quarter last year.

DOOR has been the topic of several recent analyst reports. Zacks Investment Research cut Masonite International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Masonite International in a research report on Friday, February 23rd. Stifel Nicolaus dropped their price objective on Masonite International from $69.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. B. Riley increased their price objective on Masonite International from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, TheStreet cut Masonite International from a “b-” rating to a “c+” rating in a research report on Tuesday, April 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Masonite International has an average rating of “Hold” and an average price target of $77.90.

Shares of NYSE:DOOR opened at $60.75 on Friday. Masonite International has a 1-year low of $50.40 and a 1-year high of $85.30. The company has a quick ratio of 2.20, a current ratio of 3.25 and a debt-to-equity ratio of 0.85. The firm has a market cap of $1,707.92, a PE ratio of 17.97 and a beta of 1.23.

In other Masonite International news, insider Robert Edgar Lewis sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $65.75, for a total value of $197,250.00. Following the transaction, the insider now directly owns 16,372 shares of the company’s stock, valued at $1,076,459. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.38% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. BB&T Corp boosted its position in Masonite International by 22.0% in the fourth quarter. BB&T Corp now owns 4,218 shares of the company’s stock worth $313,000 after purchasing an additional 762 shares during the last quarter. Parametrica Management Ltd boosted its position in Masonite International by 26.4% in the fourth quarter. Parametrica Management Ltd now owns 4,552 shares of the company’s stock worth $338,000 after purchasing an additional 952 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Masonite International by 6.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 18,994 shares of the company’s stock worth $1,408,000 after purchasing an additional 1,186 shares during the last quarter. California Public Employees Retirement System boosted its position in Masonite International by 22.1% in the fourth quarter. California Public Employees Retirement System now owns 7,173 shares of the company’s stock worth $532,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Paloma Partners Management Co boosted its position in Masonite International by 19.0% in the fourth quarter. Paloma Partners Management Co now owns 8,284 shares of the company’s stock worth $614,000 after purchasing an additional 1,320 shares during the last quarter. 99.19% of the stock is currently owned by institutional investors and hedge funds.

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Masonite International Company Profile

Masonite International Corporation designs, manufactures, 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. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

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