Masonite International Corp (NYSE:DOOR) – Investment analysts at Seaport Global Securities reduced their Q3 2019 EPS estimates for shares of Masonite International in a research report issued to clients and investors on Thursday, August 8th. Seaport Global Securities analyst R. Garner now anticipates that the company will post earnings of $0.95 per share for the quarter, down from their prior forecast of $1.14. Seaport Global Securities also issued estimates for Masonite International’s Q4 2019 earnings at $0.75 EPS, FY2019 earnings at $3.60 EPS and FY2020 earnings at $4.40 EPS.

Masonite International (NYSE:DOOR) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.06). The business had revenue of $562.94 million during the quarter, compared to analysts’ expectations of $577.81 million. Masonite International had a return on equity of 15.01% and a net margin of 2.99%. Masonite International’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 EPS.

DOOR has been the topic of several other research reports. JPMorgan Chase & Co. upped their target price on shares of Masonite International from $66.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Robert W. Baird set a $62.00 target price on shares of Masonite International and gave the stock a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research downgraded shares of Masonite International from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Royal Bank of Canada set a $60.00 target price on shares of Masonite International and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Wedbush reiterated a “neutral” rating on shares of Masonite International in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Masonite International has a consensus rating of “Hold” and a consensus price target of $60.88.

Shares of DOOR opened at $51.08 on Monday. The stock has a market capitalization of $1.27 billion, a PE ratio of 13.88 and a beta of 1.40. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.51. Masonite International has a fifty-two week low of $43.76 and a fifty-two week high of $70.70. The business has a 50-day simple moving average of $52.30.

A number of institutional investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in shares of Masonite International in the first quarter worth $37,000. Quadrant Capital Group LLC grew its stake in Masonite International by 2,540.0% during the first quarter. Quadrant Capital Group LLC now owns 1,056 shares of the company’s stock valued at $50,000 after acquiring an additional 1,016 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Masonite International during the second quarter valued at $71,000. Marshall Wace North America L.P. grew its stake in Masonite International by 85.5% during the first quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock valued at $72,000 after acquiring an additional 664 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its stake in Masonite International by 63.6% during the first quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the company’s stock valued at $90,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 96.52% of the company’s stock.

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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