Masonite International Corp (NYSE:DOOR) – Analysts at Northcoast Research reduced their FY2019 earnings estimates for shares of Masonite International in a research report issued to clients and investors on Wednesday, November 6th. Northcoast Research analyst K. Hocevar now expects that the company will post earnings per share of $3.55 for the year, down from their prior estimate of $3.70. Northcoast Research also issued estimates for Masonite International’s Q4 2019 earnings at $0.57 EPS and FY2020 earnings at $4.75 EPS.

Several other equities research analysts have also weighed in on DOOR. Robert W. Baird raised their target price on Masonite International from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday. Zacks Investment Research raised Masonite International from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine raised Masonite International from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Wedbush reissued a “neutral” rating on shares of Masonite International in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus raised Masonite International from a “hold” rating to a “buy” rating and raised their target price for the stock from $50.00 to $80.00 in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Masonite International currently has an average rating of “Buy” and an average target price of $64.33.

Shares of NYSE DOOR opened at $64.49 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.70 and a current ratio of 2.65. Masonite International has a fifty-two week low of $43.76 and a fifty-two week high of $67.55. The firm has a market capitalization of $1.58 billion, a PE ratio of 17.52 and a beta of 1.36. The stock’s 50-day simple moving average is $58.87 and its 200-day simple moving average is $53.80.

Masonite International (NYSE:DOOR) last issued its earnings results on Monday, November 4th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.12. Masonite International had a return on equity of 15.29% and a net margin of 2.55%. The business had revenue of $552.19 million for the quarter, compared to analyst estimates of $557.92 million. During the same quarter last year, the company earned $1.03 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in DOOR. Marshall Wace LLP purchased a new position in Masonite International during the 1st quarter worth approximately $37,000. Marshall Wace North America L.P. grew its stake in Masonite International by 85.5% during the 1st quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock worth $72,000 after buying an additional 664 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Masonite International during the 2nd quarter worth approximately $207,000. First Hawaiian Bank grew its stake in Masonite International by 7.3% during the 2nd quarter. First Hawaiian Bank now owns 15,471 shares of the company’s stock worth $815,000 after buying an additional 1,056 shares during the last quarter. Finally, Zeke Capital Advisors LLC grew its stake in Masonite International by 1.7% during the 2nd quarter. Zeke Capital Advisors LLC now owns 34,164 shares of the company’s stock worth $1,800,000 after buying an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 96.84% 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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