Analysts Expect Masonite International Co. (NYSE:DOOR) to Post $2.43 EPS

Equities analysts predict that Masonite International Co. (NYSE:DOORGet Rating) will report earnings per share of $2.43 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Masonite International’s earnings. The highest EPS estimate is $2.52 and the lowest is $2.28. Masonite International posted earnings per share of $2.23 during the same quarter last year, which would indicate a positive year over year growth rate of 9%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Masonite International will report full-year earnings of $9.94 per share for the current year, with EPS estimates ranging from $9.62 to $10.73. For the next fiscal year, analysts expect that the firm will report earnings of $11.54 per share, with EPS estimates ranging from $10.24 to $12.66. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Masonite International.

Masonite International (NYSE:DOORGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.92. Masonite International had a net margin of 4.30% and a return on equity of 31.23%. The firm had revenue of $726.00 million for the quarter, compared to analysts’ expectations of $690.03 million. During the same period last year, the firm earned $1.93 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Masonite International from a “buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus reduced their price target on shares of Masonite International from $150.00 to $130.00 in a research report on Wednesday, February 23rd. StockNews.com raised shares of Masonite International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Royal Bank of Canada reduced their price target on shares of Masonite International from $153.00 to $142.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 23rd. Finally, TheStreet cut shares of Masonite International from a “b” rating to a “c” rating in a research report on Friday, February 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $113.00.

In related news, Director Jay Ira Steinfeld acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The shares were acquired at an average cost of $85.80 per share, with a total value of $85,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. increased its stake in Masonite International by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 910,173 shares of the company’s stock valued at $96,596,000 after buying an additional 264,088 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Masonite International by 32.6% during the 4th quarter. Westwood Holdings Group Inc. now owns 721,389 shares of the company’s stock worth $85,087,000 after purchasing an additional 177,459 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in shares of Masonite International by 0.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 715,325 shares of the company’s stock worth $75,917,000 after purchasing an additional 1,909 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Masonite International by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 681,453 shares of the company’s stock worth $72,327,000 after purchasing an additional 2,022 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in Masonite International by 3.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 582,416 shares of the company’s stock valued at $61,813,000 after buying an additional 18,838 shares during the last quarter.

DOOR stock traded down $2.61 during midday trading on Thursday, reaching $83.52. The company’s stock had a trading volume of 5,715 shares, compared to its average volume of 192,350. Masonite International has a 52 week low of $72.86 and a 52 week high of $130.88. The stock has a market capitalization of $1.88 billion, a PE ratio of 18.02 and a beta of 1.71. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.05 and a current ratio of 2.85. The stock’s 50-day moving average price is $86.48.

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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