Brokerages forecast that Masonite International Corp (NYSE:DOOR) will report sales of $557.39 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Masonite International’s earnings. The lowest sales estimate is $548.60 million and the highest is $563.58 million. Masonite International reported sales of $557.15 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Masonite International will report full year sales of $2.18 billion for the current year, with estimates ranging from $2.17 billion to $2.20 billion. For the next financial year, analysts expect that the business will report sales of $2.27 billion, with estimates ranging from $2.21 billion to $2.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Masonite International.

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

DOOR has been the subject of a number of analyst reports. Wedbush reissued a “neutral” rating on shares of Masonite International in a research report on Wednesday, August 7th. Zacks Investment Research cut shares of Masonite International from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $60.88.

Hedge funds have recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of Masonite International during the first quarter worth about $37,000. Quadrant Capital Group LLC lifted its position in shares of Masonite International by 2,540.0% during the first quarter. Quadrant Capital Group LLC now owns 1,056 shares of the company’s stock worth $50,000 after purchasing an additional 1,016 shares during the last quarter. First Mercantile Trust Co. bought a new position in shares of Masonite International during the second quarter worth about $71,000. Marshall Wace North America L.P. lifted its position in shares of 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 worth $72,000 after purchasing an additional 664 shares during the last quarter. Finally, NumerixS Investment Technologies Inc lifted its position in shares of Masonite International by 63.6% during the first quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the company’s stock worth $90,000 after purchasing an additional 700 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

NYSE:DOOR remained flat at $$57.75 on Monday. 84,666 shares of the company’s stock were exchanged, compared to its average volume of 98,618. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.51. The stock’s 50-day moving average price is $51.83 and its 200-day moving average price is $51.98. The company has a market cap of $1.44 billion, a PE ratio of 15.69 and a beta of 1.33. Masonite International has a one year low of $43.76 and a one year high of $70.15.

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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