Masonite International (NYSE:DOOR) released its quarterly earnings data on Monday. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.06), Briefing.com reports. Masonite International had a net margin of 3.47% and a return on equity of 15.58%. The business had revenue of $562.94 million during the quarter, compared to analyst estimates of $577.81 million. During the same period in the previous year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Masonite International updated its FY 2019 guidance to $3.30-3.90 EPS and its FY19 guidance to $3.30-3.90 EPS.
Shares of NYSE:DOOR traded down $1.61 on Tuesday, hitting $49.15. 8,536 shares of the company were exchanged, compared to its average volume of 140,422. The firm’s 50 day moving average price is $52.37. Masonite International has a one year low of $43.76 and a one year high of $72.00. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.73 and a quick ratio of 1.69. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.36 and a beta of 1.40.
Several research firms recently issued reports on DOOR. Zacks Investment Research lowered shares of Masonite International from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine raised shares of Masonite International from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Robert W. Baird set a $62.00 price objective on shares of Masonite International and gave the company a “buy” rating in a research note on Monday, April 22nd. Royal Bank of Canada set a $60.00 price objective on shares of Masonite International and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Masonite International from $66.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.88.
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.
Recommended Story: What is a CD ladder?
Receive News & Ratings for Masonite International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International and related companies with MarketBeat.com's FREE daily email newsletter.