Wall Street analysts expect that Masonite International Corporation (NYSE:DOOR) will announce sales of $509.16 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made 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 would suggest a positive year over year growth rate of 4%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, November 14th.

According to Zacks, analysts expect that Masonite International Corporation will report full-year sales of $509.16 million for the current financial year, with estimates ranging from $1.99 billion to $2.05 billion. For the next year, analysts anticipate that the business will report sales of $2.14 billion per share, with estimates ranging from $2.07 billion to $2.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover 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 for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.22). The business had revenue of $519.70 million during 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 business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.02 EPS.

Several brokerages recently weighed in on DOOR. Robert W. Baird restated a “buy” rating and issued a $72.00 price target on shares of Masonite International Corporation in a research note on Friday. BidaskClub lowered Masonite International Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. Wedbush lowered Masonite International Corporation from an “outperform” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $67.00 price objective on shares of Masonite International Corporation in a research note on Monday, September 25th. Finally, Northcoast Research lowered Masonite International Corporation from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Monday, September 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Masonite International Corporation has a consensus rating of “Hold” and an average price target of $75.80.

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Masonite International Corporation (NYSE DOOR) opened at 67.35 on Friday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 21.15 and a beta of 1.31. The stock has a 50 day moving average price of $66.45 and a 200-day moving average price of $72.27. Masonite International Corporation has a 1-year low of $50.40 and a 1-year high of $85.30.

In other news, Director Robert J. Byrne acquired 1,500 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the purchase, the director now owns 9,633 shares in the company, valued at $585,782.73. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.19% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Masonite International Corporation by 6.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,573 shares of the company’s stock worth $119,000 after purchasing an additional 101 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Masonite International Corporation by 18.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company’s stock worth $125,000 after purchasing an additional 258 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Masonite International Corporation by 12.6% during the 1st quarter. SG Americas Securities LLC now owns 2,361 shares of the company’s stock worth $187,000 after purchasing an additional 264 shares during the last quarter. Symphony Asset Management LLC acquired a new position in shares of Masonite International Corporation during the 2nd quarter worth approximately $200,000. Finally, California Public Employees Retirement System boosted its holdings in shares of Masonite International Corporation by 14.3% during the 2nd quarter. California Public Employees Retirement System now owns 3,200 shares of the company’s stock worth $242,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

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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