Masonite International Corp to Post FY2019 Earnings of $3.55 Per Share, Seaport Global Securities Forecasts (NYSE:DOOR)

Masonite International Corp (NYSE:DOOR) – Seaport Global Securities cut their FY2019 earnings per share (EPS) estimates for shares of Masonite International in a research note issued to investors on Tuesday, November 12th. Seaport Global Securities analyst R. Garner now forecasts that the company will post earnings per share of $3.55 for the year, down from their previous estimate of $3.60.

Several other analysts also recently commented on the company. ValuEngine upgraded Masonite International from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Wedbush reiterated a “neutral” rating on shares of Masonite International in a research note on Wednesday, August 7th. Stifel Nicolaus raised shares of Masonite International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $80.00 in a research report on Wednesday, November 6th. Royal Bank of Canada cut shares of Masonite International from an “outperform” rating to a “sector perform” rating and set a $62.00 price target on the stock. in a report on Wednesday, November 6th. Finally, Zacks Investment Research raised shares of Masonite International from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Masonite International has an average rating of “Buy” and an average target price of $64.33.

Shares of DOOR opened at $68.82 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.65 and a quick ratio of 1.72. The stock has a 50-day moving average of $59.92 and a 200-day moving average of $54.22. The company has a market cap of $1.68 billion, a PE ratio of 18.70 and a beta of 1.36. Masonite International has a one year low of $43.76 and a one year high of $69.75.

Masonite International (NYSE:DOOR) last issued its earnings results on Monday, November 4th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.12. The company had revenue of $552.19 million during the quarter, compared to the consensus estimate of $557.92 million. Masonite International had a return on equity of 15.29% and a net margin of 2.55%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS.

In other Masonite International news, insider Robert Edgar Lewis sold 1,500 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $64.10, for a total transaction of $96,150.00. Following the sale, the insider now owns 26,881 shares of the company’s stock, valued at approximately $1,723,072.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.43% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Group LLC grew its position in Masonite International by 1.6% in the third quarter. Renaissance Group LLC now owns 12,832 shares of the company’s stock worth $744,000 after acquiring an additional 208 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Masonite International by 4.4% in the second quarter. Envestnet Asset Management Inc. now owns 11,950 shares of the company’s stock worth $630,000 after purchasing an additional 502 shares during the last quarter. Zeke Capital Advisors LLC lifted its stake in Masonite International by 1.7% in the second quarter. Zeke Capital Advisors LLC now owns 34,164 shares of the company’s stock worth $1,800,000 after purchasing an additional 560 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Masonite International by 85.5% in 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, Marshall Wace LLP bought a new stake in Masonite International in the first quarter worth $37,000. Hedge funds and other institutional investors own 96.83% 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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