Analysts predict that Masonite International Corp (NYSE:DOOR) will report earnings of $1.02 per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Masonite International’s earnings, with estimates ranging from $0.88 to $1.22. Masonite International posted earnings per share of $0.71 during the same quarter last year, which indicates a positive year-over-year growth rate of 43.7%. The company is expected to issue its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Masonite International will report full year earnings of $4.03 per share for the current year, with EPS estimates ranging from $3.87 to $4.21. For the next financial year, analysts forecast that the firm will post earnings of $4.53 per share, with EPS estimates ranging from $3.94 to $5.11. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Masonite International.

Masonite International (NYSE:DOOR) last released its quarterly earnings results on Tuesday, November 6th. The company reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.02). Masonite International had a return on equity of 14.72% and a net margin of 7.08%. The company had revenue of $557.00 million during the quarter, compared to analyst estimates of $559.88 million. During the same period last year, the firm earned $1.00 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year.

A number of equities analysts have recently weighed in on DOOR shares. ValuEngine cut Masonite International from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Zacks Investment Research raised Masonite International from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. B. Riley cut their price target on Masonite International from $86.00 to $80.00 and set a “buy” rating for the company in a report on Monday, August 13th. TheStreet cut Masonite International from a “b” rating to a “c+” rating in a report on Wednesday, August 22nd. Finally, Royal Bank of Canada set a $76.00 price target on Masonite International and gave the stock a “buy” rating in a report on Monday, October 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Masonite International has a consensus rating of “Hold” and an average price target of $67.71.

In other news, Director George A. Lorch sold 12,800 shares of Masonite International stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $68.64, for a total value of $878,592.00. Following the completion of the sale, the director now owns 22,832 shares of the company’s stock, valued at $1,567,188.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.19% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in Masonite International by 14.2% during the third quarter. Thrivent Financial for Lutherans now owns 184,570 shares of the company’s stock valued at $11,831,000 after acquiring an additional 22,976 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of Masonite International by 43.3% during the third quarter. MetLife Investment Advisors LLC now owns 18,620 shares of the company’s stock worth $1,194,000 after purchasing an additional 5,622 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Masonite International during the third quarter worth about $624,000. Man Group plc acquired a new position in shares of Masonite International in the third quarter worth about $4,734,000. Finally, Deutsche Bank AG lifted its stake in shares of Masonite International by 24.6% in the third quarter. Deutsche Bank AG now owns 236,249 shares of the company’s stock worth $15,141,000 after acquiring an additional 46,658 shares in the last quarter. 96.91% of the stock is owned by hedge funds and other institutional investors.

NYSE DOOR opened at $54.40 on Tuesday. Masonite International has a fifty-two week low of $51.15 and a fifty-two week high of $75.95. The firm has a market capitalization of $1.46 billion, a PE ratio of 16.34 and a beta of 1.28. The company has a quick ratio of 2.23, a current ratio of 3.26 and a debt-to-equity ratio of 1.13.

About Masonite International

Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.

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Earnings History and Estimates for Masonite International (NYSE:DOOR)

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