Equities analysts predict that Masonite International Corp (NYSE:DOOR) will report earnings per share of $0.84 for the current quarter, according to Zacks. Five analysts have made estimates for Masonite International’s earnings. The highest EPS estimate is $1.03 and the lowest is $0.75. Masonite International posted earnings of $0.55 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 52.7%. The business is expected to issue its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Masonite International will report full-year earnings of $3.48 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.69. For the next fiscal year, analysts anticipate that the company will post earnings of $3.87 per share, with EPS estimates ranging from $3.59 to $4.16. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Masonite International.

Masonite International (NYSE:DOOR) last released its quarterly earnings data on Tuesday, November 7th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. Masonite International had a net margin of 4.75% and a return on equity of 14.38%. The company had revenue of $517.50 million during the quarter, compared to analyst estimates of $509.04 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year.

DOOR has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Masonite International in a research note on Monday, September 25th. Wedbush lowered shares of Masonite International from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a research note on Tuesday, October 3rd. BidaskClub lowered shares of Masonite International from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. Robert W. Baird reiterated a “buy” rating and issued a $72.00 price target on shares of Masonite International in a research note on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of Masonite International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $76.60.

In other news, Director John C. Wills sold 1,015 shares of Masonite International stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $72.70, for a total transaction of $73,790.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Edgar Lewis sold 1,400 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $70.52, for a total transaction of $98,728.00. Following the completion of the sale, the insider now owns 22,518 shares in the company, valued at approximately $1,587,969.36. The disclosure for this sale can be found here. Insiders have sold 4,015 shares of company stock worth $288,263 in the last ninety days. Insiders own 2.19% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DOOR. Hotchkis & Wiley Capital Management LLC increased its position in Masonite International by 87.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,730,607 shares of the company’s stock worth $119,758,000 after purchasing an additional 807,811 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Masonite International during the third quarter valued at $53,419,000. Vaughan Nelson Investment Management L.P. bought a new position in Masonite International during the third quarter valued at $23,052,000. Koch Industries Inc. bought a new position in Masonite International during the second quarter valued at $248,000. Finally, Dimensional Fund Advisors LP increased its position in Masonite International by 74.2% during the third quarter. Dimensional Fund Advisors LP now owns 371,284 shares of the company’s stock valued at $25,692,000 after acquiring an additional 158,140 shares during the last quarter.

Masonite International (DOOR) traded up $0.85 during trading hours on Thursday, reaching $74.85. 296,100 shares of the company were exchanged, compared to its average volume of 182,582. Masonite International has a 52 week low of $50.40 and a 52 week high of $85.30. The stock has a market capitalization of $2,106.86, a price-to-earnings ratio of 23.69 and a beta of 1.33. The company has a current ratio of 3.12, a quick ratio of 2.05 and a debt-to-equity ratio of 0.93.

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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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