Masonite International Corporation (DOOR) Releases Earnings Results, Beats Estimates By $0.08 EPS
Masonite International Corporation (NYSE:DOOR) posted its earnings results on Tuesday. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08, Bloomberg Earnings reports. The firm had revenue of $517.50 million during the quarter, compared to the consensus estimate of $509.04 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 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS.
Shares of Masonite International Corporation (NYSE DOOR) traded down $1.25 during trading on Tuesday, hitting $63.05. The stock had a trading volume of 393,729 shares, compared to its average volume of 177,372. Masonite International Corporation has a 1 year low of $50.40 and a 1 year high of $85.30. The stock has a market capitalization of $1,850.00, a price-to-earnings ratio of 20.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 2.54.
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A number of research firms have recently commented on DOOR. Zacks Investment Research upgraded Masonite International Corporation from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 target price on shares of Masonite International Corporation in a research report on Monday, July 24th. Nomura set a $77.00 target price on Masonite International Corporation and gave the company a “buy” rating in a research report on Thursday, August 10th. 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Masonite International Corporation has a consensus rating of “Hold” and a consensus target price of $75.80.
In related news, Director Robert J. Byrne bought 1,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the completion of the transaction, the director now directly owns 9,633 shares in the company, valued at approximately $585,782.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.19% 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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