Analysts Anticipate Masonite International Corp (NYSE:DOOR) to Post $0.97 EPS

Equities analysts predict that Masonite International Corp (NYSE:DOOR) will post earnings of $0.97 per share for the current fiscal quarter, Zacks Investment Research 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 posted earnings per share of $1.03 in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.8%. The company is expected to report its next quarterly 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 year, with EPS estimates ranging from $3.58 to $3.70. For the next year, analysts anticipate that the firm 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 research firms that follow Masonite International.

Masonite International (NYSE:DOOR) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.06). The business had revenue of $562.94 million for the quarter, compared to analyst estimates of $577.81 million. Masonite International had a return on equity of 15.01% and a net margin of 2.99%. The business’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.

Several research analysts have issued reports on DOOR shares. Zacks Investment Research cut Masonite International from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Wedbush reaffirmed a “neutral” rating on shares of Masonite International in a report on Wednesday, August 7th. ValuEngine raised Masonite International from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. upped their price target on Masonite International from $66.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada set a $60.00 price target on Masonite International and gave the company a “buy” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Masonite International currently has a consensus rating of “Hold” and an average target price of $60.88.

A number of large investors have recently made changes to their positions in DOOR. Marshall Wace LLP acquired a new stake in Masonite International during the 1st quarter valued at $37,000. Quadrant Capital Group LLC grew its holdings in shares of Masonite International by 2,540.0% during the 1st quarter. Quadrant Capital Group LLC now owns 1,056 shares of the company’s stock valued at $50,000 after acquiring an additional 1,016 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of Masonite International during the 2nd quarter valued at $71,000. Marshall Wace North America L.P. grew its holdings in shares of Masonite International by 85.5% during the 1st quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock valued at $72,000 after acquiring an additional 664 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its holdings in shares of Masonite International by 63.6% during the 1st quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the company’s stock valued at $90,000 after acquiring an additional 700 shares in the last quarter. 96.40% of the stock is currently owned by institutional investors.

DOOR traded up $0.23 during trading on Thursday, reaching $50.35. The stock had a trading volume of 2,109 shares, compared to its average volume of 127,281. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.63 and a beta of 1.40. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.51. Masonite International has a 1-year low of $43.76 and a 1-year high of $70.70. The stock has a 50 day moving average of $51.76 and a two-hundred day moving average of $52.38.

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 and Estimates for Masonite International (NYSE:DOOR)

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