Equities analysts expect Masonite International Corp (NYSE:DOOR) to report sales of $531.14 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Masonite International’s earnings. The highest sales estimate is $541.30 million and the lowest is $520.50 million. Masonite International posted sales of $528.35 million in the same quarter last year, which suggests a positive year over year growth rate of 0.5%. The business is expected to issue its next quarterly earnings report on Monday, February 17th.
According to Zacks, analysts expect that Masonite International will report full-year sales of $2.18 billion for the current fiscal year, with estimates ranging from $2.17 billion to $2.19 billion. For the next year, analysts expect that the firm will post sales of $2.23 billion, with estimates ranging from $2.07 billion to $2.36 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Masonite International.
Masonite International (NYSE:DOOR) last announced its quarterly 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. 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 in the prior year, the company posted $1.03 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis.
DOOR traded down $0.13 during mid-day trading on Friday, hitting $68.69. 102,264 shares of the stock were exchanged, compared to its average volume of 184,166. The firm’s fifty day moving average is $60.16 and its two-hundred day moving average is $54.31. Masonite International has a 1-year low of $43.76 and a 1-year high of $69.75. The company has a current ratio of 2.65, a quick ratio of 1.72 and a debt-to-equity ratio of 1.50. The company has a market cap of $1.71 billion, a PE ratio of 18.80 and a beta of 1.36.
In other news, insider Robert Edgar Lewis sold 1,500 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $64.10, for a total value of $96,150.00. Following the transaction, the insider now owns 26,881 shares in the company, valued at approximately $1,723,072.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.43% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DOOR. Nuveen Asset Management LLC acquired a new stake in Masonite International during the 2nd quarter worth approximately $10,254,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Masonite International by 46.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 383,377 shares of the company’s stock valued at $20,196,000 after buying an additional 121,106 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Masonite International by 29.3% in the 2nd quarter. Renaissance Technologies LLC now owns 269,300 shares of the company’s stock valued at $14,187,000 after buying an additional 61,000 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Masonite International by 252.3% in the 2nd quarter. Citadel Advisors LLC now owns 60,831 shares of the company’s stock valued at $3,204,000 after buying an additional 43,563 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Masonite International by 298.5% in the 3rd quarter. California Public Employees Retirement System now owns 48,806 shares of the company’s stock valued at $2,831,000 after buying an additional 36,559 shares during the period. Institutional investors and hedge funds own 96.83% of the company’s stock.
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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