Brokerages expect Masonite International Corporation (NYSE:DOOR) to report sales of $514.25 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Masonite International Corporation’s earnings, with the highest sales estimate coming in at $531.79 million and the lowest estimate coming in at $499.20 million. Masonite International Corporation reported sales of $489.65 million in the same quarter last year, which suggests a positive year over year growth rate of 5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, November 14th.

On average, analysts expect that Masonite International Corporation will report full-year sales of $514.25 million for the current year, with estimates ranging from $1.99 billion to $2.09 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.16 billion per share, with estimates ranging from $2.07 billion to $2.26 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Masonite International Corporation.

Masonite International Corporation (NYSE:DOOR) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.22). Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. The firm had revenue of $519.70 million during the quarter, compared to analyst estimates of $547.79 million. During the same period in the prior year, the company earned $1.02 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year.

A number of analysts recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Masonite International Corporation in a research report on Friday, June 16th. Royal Bank Of Canada restated a “buy” rating and issued a $92.00 target price on shares of Masonite International Corporation in a research report on Monday, June 19th. Zacks Investment Research downgraded Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Stephens downgraded Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 target price for the company. in a research report on Thursday, August 10th. Finally, BidaskClub downgraded Masonite International Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.22.

In related news, Director Robert J. Byrne purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of $60.81 per share, with a total value of $91,215.00. Following the purchase, the director now directly owns 9,633 shares of the company’s stock, valued at $585,782.73. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.19% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Masonite International Corporation by 1.4% during the second quarter. SG Americas Securities LLC now owns 2,395 shares of the company’s stock valued at $181,000 after buying an additional 34 shares during the period. Prudential Financial Inc. increased its stake in shares of Masonite International Corporation by 1.1% during the second quarter. Prudential Financial Inc. now owns 3,520 shares of the company’s stock valued at $266,000 after buying an additional 40 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Masonite International Corporation by 6.9% during the second quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock valued at $119,000 after buying an additional 101 shares during the period. Amalgamated Bank increased its stake in shares of Masonite International Corporation by 2.8% during the second quarter. Amalgamated Bank now owns 3,827 shares of the company’s stock valued at $289,000 after buying an additional 105 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Masonite International Corporation by 3.4% during the first quarter. Stifel Financial Corp now owns 3,786 shares of the company’s stock valued at $300,000 after buying an additional 125 shares during the period. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Masonite International Corporation (NYSE DOOR) opened at 65.15 on Thursday. The firm has a market cap of $1.92 billion, a P/E ratio of 20.46 and a beta of 1.29. Masonite International Corporation has a 1-year low of $50.40 and a 1-year high of $85.30. The stock has a 50 day moving average price of $67.17 and a 200 day moving average price of $74.81.

COPYRIGHT VIOLATION NOTICE: “Analysts Expect Masonite International Corporation (DOOR) Will Post Quarterly Sales of $514.25 Million” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/14/analysts-expect-masonite-international-corporation-door-will-post-quarterly-sales-of-514-25-million.html.

Masonite International Corporation Company Profile

Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.

Get a free copy of the Zacks research report on Masonite International Corporation (DOOR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Masonite International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International Corporation and related stocks with our FREE daily email newsletter.