Masonite International (DOOR) to Release Earnings on Tuesday

Masonite International (NYSE:DOOR) will release its earnings data after the market closes on Tuesday, November 6th. Analysts expect Masonite International to post earnings of $1.07 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Masonite International had a return on equity of 14.98% and a net margin of 7.43%. The business had revenue of $566.70 million for the quarter, compared to the consensus estimate of $560.47 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. Masonite International’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts expect Masonite International to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of DOOR stock opened at $56.50 on Monday. Masonite International has a 1-year low of $52.81 and a 1-year high of $75.95. The company has a current ratio of 2.51, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1.56 billion, a PE ratio of 15.31 and a beta of 1.28.

In other Masonite International news, Director George A. Lorch sold 12,800 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $68.64, for a total value of $878,592.00. Following the transaction, the director now owns 22,832 shares in the company, valued at $1,567,188.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Edgar Lewis sold 4,500 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $66.44, for a total value of $298,980.00. Following the completion of the transaction, the insider now owns 16,786 shares in the company, valued at approximately $1,115,261.84. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.

A number of research analysts have recently weighed in on the company. ValuEngine downgraded Masonite International from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded Masonite International from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Royal Bank of Canada set a $76.00 price target on Masonite International and gave the company a “buy” rating in a report on Monday, October 8th. Robert W. Baird set a $72.00 price target on Masonite International and gave the company a “buy” rating in a report on Tuesday, October 16th. Finally, Nomura lowered their price target on Masonite International from $86.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Masonite International presently has a consensus rating of “Hold” and a consensus target price of $73.14.

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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Earnings History for Masonite International (NYSE:DOOR)

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