Equities research analysts forecast that Masonite International Corporation (NYSE:DOOR) will post $511.64 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Masonite International’s earnings, with estimates ranging from $504.10 million to $521.06 million. Masonite International reported sales of $481.03 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The firm is expected to report its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Masonite International will report full-year sales of $511.64 million for the current financial year, with estimates ranging from $2.03 billion to $2.05 billion. For the next financial year, analysts expect that the company will report sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.17 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Masonite International.

Masonite International (NYSE:DOOR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. The company had revenue of $517.50 million for the quarter, compared to analysts’ expectations of $509.04 million. Masonite International had a return on equity of 14.38% and a net margin of 4.75%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.89 EPS.

DOOR has been the topic of a number of research analyst reports. Stephens downgraded Masonite International from an “overweight” rating to an “equal weight” rating and set a $89.00 price target on the stock. in a report on Thursday, August 10th. BidaskClub downgraded Masonite International from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Nomura set a $77.00 price target on Masonite International and gave the company a “buy” rating in a report on Thursday, August 10th. Instinet reiterated a “buy” rating and set a $77.00 price target (down previously from $86.00) on shares of Masonite International in a report on Thursday, August 10th. Finally, Stifel Nicolaus downgraded Masonite International from a “buy” rating to a “hold” rating and lowered their price target for the company from $85.00 to $72.00 in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $76.73.

In other news, insider James A. Hair sold 1,600 shares of Masonite International stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $72.34, for a total value of $115,744.00. Following the transaction, the insider now directly owns 4,172 shares in the company, valued at $301,802.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Edgar Lewis sold 1,400 shares of Masonite International stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $70.52, for a total value of $98,728.00. Following the completion of the transaction, the insider now owns 22,518 shares in the company, valued at $1,587,969.36. The disclosure for this sale can be found here. Insiders sold 4,015 shares of company stock valued at $288,263 in the last ninety days. Insiders own 2.19% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Masonite International 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 acquiring an additional 34 shares during the period. Prudential Financial Inc. increased its stake in Masonite International 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 acquiring an additional 40 shares during the period. Public Employees Retirement System of Ohio increased its stake in Masonite International 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 acquiring an additional 101 shares during the period. Amalgamated Bank increased its stake in Masonite International by 2.8% during the second quarter. Amalgamated Bank now owns 3,827 shares of the company’s stock valued at $289,000 after acquiring an additional 105 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Masonite International by 0.8% during the second quarter. Macquarie Group Ltd. now owns 21,306 shares of the company’s stock valued at $1,609,000 after acquiring an additional 161 shares during the period.

Shares of Masonite International (NYSE DOOR) traded up $0.35 during midday trading on Wednesday, hitting $74.00. The company had a trading volume of 176,456 shares, compared to its average volume of 191,594. The company has a quick ratio of 2.05, a current ratio of 3.12 and a debt-to-equity ratio of 0.93. The firm has a market cap of $2,110.00, a PE ratio of 22.87 and a beta of 1.37. Masonite International has a twelve month low of $50.40 and a twelve month high of $85.30.

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About Masonite International

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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