$574.56 Million in Sales Expected for Masonite International Co. (NYSE:DOOR) This Quarter

Wall Street analysts expect that Masonite International Co. (NYSE:DOOR) will announce sales of $574.56 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Masonite International’s earnings, with the lowest sales estimate coming in at $573.27 million and the highest estimate coming in at $576.60 million. Masonite International reported sales of $531.24 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.2%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 24th.

On average, analysts expect that Masonite International will report full year sales of $2.21 billion for the current fiscal year, with estimates ranging from $2.21 billion to $2.22 billion. For the next year, analysts anticipate that the company will post sales of $2.44 billion, with estimates ranging from $2.40 billion to $2.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Masonite International.

Several research firms have weighed in on DOOR. TheStreet downgraded Masonite International from a “b” rating to a “c” rating in a research note on Tuesday, November 3rd. Zacks Investment Research raised Masonite International from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Tuesday, January 5th. Wedbush boosted their price objective on Masonite International from $108.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, February 9th. Finally, Northcoast Research raised Masonite International from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Tuesday, February 2nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $105.20.

Masonite International stock traded up $0.81 during trading hours on Tuesday, hitting $110.06. 137,870 shares of the stock traded hands, compared to its average volume of 147,734. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.66 and a quick ratio of 1.94. The firm’s 50 day moving average price is $103.54 and its 200-day moving average price is $97.40. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 62.79 and a beta of 1.76. Masonite International has a 1 year low of $34.88 and a 1 year high of $113.57.

In other news, Director Jay Ira Steinfeld acquired 500 shares of the business’s stock in a transaction on Wednesday, November 25th. The stock was bought at an average cost of $100.99 per share, for a total transaction of $50,495.00. Following the purchase, the director now owns 500 shares in the company, valued at $50,495. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.49% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Masonite International by 4.9% during the fourth quarter. BlackRock Inc. now owns 1,828,975 shares of the company’s stock worth $179,862,000 after purchasing an additional 85,763 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Masonite International by 8.2% in the third quarter. Wells Fargo & Company MN now owns 624,898 shares of the company’s stock valued at $61,490,000 after acquiring an additional 47,409 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Masonite International by 3.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 456,832 shares of the company’s stock valued at $44,925,000 after acquiring an additional 16,520 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Masonite International by 32.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 443,600 shares of the company’s stock valued at $43,624,000 after acquiring an additional 107,863 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Masonite International by 29.7% in the fourth quarter. Principal Financial Group Inc. now owns 320,499 shares of the company’s stock valued at $31,519,000 after acquiring an additional 73,331 shares in the last quarter. Institutional investors and hedge funds own 98.76% 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. It 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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