Masonite International (NYSE:DOOR) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

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.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Group LLC increased its stake in Masonite International by 2.9% in the first quarter. Renaissance Group LLC now owns 11,961 shares of the company’s stock valued at $597,000 after acquiring an additional 333 shares during the period. BB&T Corp increased its stake in Masonite International by 8.1% in the first quarter. BB&T Corp now owns 6,505 shares of the company’s stock valued at $325,000 after acquiring an additional 486 shares during the period. Envestnet Asset Management Inc. increased its stake in Masonite International by 4.4% in the second quarter. Envestnet Asset Management Inc. now owns 11,950 shares of the company’s stock valued at $630,000 after acquiring an additional 502 shares during the period. First Republic Investment Management Inc. increased its stake in Masonite International by 5.7% in the first quarter. First Republic Investment Management Inc. now owns 9,897 shares of the company’s stock valued at $494,000 after acquiring an additional 536 shares during the period. Finally, Zeke Capital Advisors LLC increased its stake in Masonite International by 1.7% in the second quarter. Zeke Capital Advisors LLC now owns 34,164 shares of the company’s stock valued at $1,800,000 after acquiring an additional 560 shares during the period. 96.80% of the stock is currently owned by institutional investors and hedge funds.

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 for Masonite International (NYSE:DOOR)

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