Wall Street analysts forecast that Masonite International Corporation (NYSE:DOOR) will report $509.16 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Masonite International Corporation’s earnings, with the lowest sales estimate coming in at $499.20 million and the highest estimate coming in at $520.56 million. Masonite International Corporation reported sales of $489.65 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The business 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 $509.16 million for the current year, with estimates ranging from $1.99 billion to $2.05 billion. For the next year, analysts expect that the firm will report sales of $2.14 billion per share, with estimates ranging from $2.07 billion to $2.19 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Masonite International Corporation.

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

Several equities research analysts recently commented on the stock. Wedbush downgraded shares of Masonite International Corporation from an “outperform” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Tuesday. Zacks Investment Research upgraded shares of Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Monday, July 24th. Instinet reiterated a “buy” rating and set a $77.00 target price (down from $86.00) on shares of Masonite International Corporation in a research report on Thursday, August 10th. Nomura set a $77.00 target price on shares of Masonite International Corporation and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus downgraded shares of Masonite International Corporation from a “buy” rating to a “hold” rating and cut their target price for the stock from $85.00 to $72.00 in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $75.60.

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In other news, Director Robert J. Byrne purchased 1,500 shares of the stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $60.81 per share, for a total transaction of $91,215.00. Following the acquisition, the director now owns 9,633 shares in the company, valued at $585,782.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.19% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in shares of Masonite International Corporation by 6.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock valued at $119,000 after acquiring an additional 101 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Masonite International Corporation in the 2nd quarter valued at $248,000. Sterling Capital Management LLC increased its stake in shares of Masonite International Corporation by 7.1% in the 2nd quarter. Sterling Capital Management LLC now owns 40,259 shares of the company’s stock valued at $3,040,000 after acquiring an additional 2,679 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Masonite International Corporation by 33.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,161 shares of the company’s stock valued at $541,000 after acquiring an additional 1,785 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Masonite International Corporation by 7.8% in the 2nd quarter. State Street Corp now owns 710,909 shares of the company’s stock valued at $53,673,000 after acquiring an additional 51,668 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Masonite International Corporation (NYSE:DOOR) traded up 0.67% during midday trading on Tuesday, hitting $68.05. 96,579 shares of the company were exchanged. Masonite International Corporation has a one year low of $50.40 and a one year high of $85.30. The stock has a market capitalization of $2.01 billion, a PE ratio of 21.37 and a beta of 1.31. The firm’s 50-day moving average price is $64.72 and its 200-day moving average price is $73.22.

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.

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