$0.97 Earnings Per Share Expected for Masonite International Corp (NYSE:DOOR) This Quarter

Wall Street brokerages expect Masonite International Corp (NYSE:DOOR) to post earnings of $0.97 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Masonite International’s earnings. The highest EPS estimate is $1.01 and the lowest is $0.92. Masonite International reported earnings per share of $1.03 during the same quarter last year, which would indicate a negative year over year growth rate of 5.8%. The firm is scheduled to report its next earnings report on Tuesday, November 5th.

On average, analysts expect that Masonite International will report full-year earnings of $3.62 per share for the current fiscal year, with EPS estimates ranging from $3.58 to $3.70. For the next financial year, analysts forecast that the business will report earnings of $4.36 per share, with EPS estimates ranging from $3.83 to $4.75. Zacks’ EPS calculations are an average based on a survey of analysts that cover Masonite International.

Masonite International (NYSE:DOOR) last posted its earnings results on Monday, August 5th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.06). The firm had revenue of $562.94 million during the quarter, compared to analysts’ expectations of $577.81 million. Masonite International had a return on equity of 15.01% and a net margin of 2.99%. Masonite International’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share.

A number of equities research analysts recently commented on DOOR shares. Wedbush reiterated a “neutral” rating on shares of Masonite International in a research report on Wednesday, August 7th. Zacks Investment Research downgraded Masonite International from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. ValuEngine upgraded Masonite International from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Royal Bank of Canada set a $60.00 target price on Masonite International and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Masonite International from $66.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $60.88.

Shares of NYSE:DOOR traded down $0.59 during mid-day trading on Thursday, reaching $48.78. The stock had a trading volume of 107,148 shares, compared to its average volume of 139,221. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.51. The company has a market cap of $1.26 billion, a P/E ratio of 13.26 and a beta of 1.40. Masonite International has a 1 year low of $43.76 and a 1 year high of $70.70. The business’s 50 day moving average price is $52.20 and its 200 day moving average price is $52.51.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC purchased a new position in Masonite International in the 2nd quarter worth $10,254,000. Jane Street Group LLC purchased a new position in Masonite International in the 2nd quarter worth $276,000. Citadel Advisors LLC raised its stake in Masonite International by 252.3% in the 2nd quarter. Citadel Advisors LLC now owns 60,831 shares of the company’s stock worth $3,204,000 after acquiring an additional 43,563 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in Masonite International by 46.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 383,377 shares of the company’s stock worth $20,196,000 after acquiring an additional 121,106 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Masonite International by 878.4% in the 2nd quarter. Marshall Wace LLP now owns 7,289 shares of the company’s stock worth $384,000 after acquiring an additional 6,544 shares during the last quarter. 96.52% of the stock is currently owned by hedge funds and other institutional investors.

About Masonite International

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 and Estimates for Masonite International (NYSE:DOOR)

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