Masonite International Corp (DOOR) Expected to Earn Q3 2018 Earnings of $1.15 Per Share

Masonite International Corp (NYSE:DOOR) – Equities research analysts at Northcoast Research increased their Q3 2018 earnings per share estimates for shares of Masonite International in a research note issued on Friday, August 10th. Northcoast Research analyst K. Hocevar now forecasts that the company will post earnings of $1.15 per share for the quarter, up from their previous forecast of $1.13. Northcoast Research also issued estimates for Masonite International’s Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $4.20 EPS and FY2019 earnings at $5.00 EPS.

Several other brokerages have also recently weighed in on DOOR. Zacks Investment Research cut shares of Masonite International from a “hold” rating to a “sell” rating in a research note on Monday, July 9th. ValuEngine raised shares of Masonite International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 12th. Royal Bank of Canada boosted their price objective on shares of Masonite International from $78.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 27th. B. Riley reduced their price objective on shares of Masonite International from $86.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday. Finally, TheStreet raised shares of Masonite International from a “c+” rating to a “b-” rating in a research report on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $73.67.



Shares of Masonite International stock opened at $66.65 on Monday. The company has a current ratio of 2.51, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88. Masonite International has a twelve month low of $58.40 and a twelve month high of $75.95. The firm has a market capitalization of $1.88 billion, a P/E ratio of 19.88 and a beta of 1.19.

Masonite International (NYSE:DOOR) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. Masonite International had a net margin of 7.43% and a return on equity of 14.98%. The company had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $560.47 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Masonite International’s revenue for the quarter was up 9.0% on a year-over-year basis.

A number of institutional investors and hedge funds have recently modified their holdings of DOOR. Envestnet Asset Management Inc. boosted its position in Masonite International by 773.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,008 shares of the company’s stock valued at $143,000 after acquiring an additional 1,778 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Masonite International by 153.8% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,398 shares of the company’s stock valued at $147,000 after acquiring an additional 1,453 shares during the last quarter. Hartford Investment Management Co. bought a new stake in Masonite International during the second quarter valued at $209,000. Xact Kapitalforvaltning AB bought a new stake in Masonite International during the fourth quarter valued at $233,000. Finally, First Republic Investment Management Inc. boosted its position in Masonite International by 30.6% during the first quarter. First Republic Investment Management Inc. now owns 4,459 shares of the company’s stock valued at $274,000 after acquiring an additional 1,045 shares during the last quarter. 98.85% of the stock is currently owned by institutional investors and hedge funds.

Masonite International Company Profile

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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