Brokerages Expect Masonite International Corp (NYSE:DOOR) Will Post Quarterly Sales of $557.39 Million

Wall Street brokerages expect Masonite International Corp (NYSE:DOOR) to announce sales of $557.39 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Masonite International’s earnings. The lowest sales estimate is $548.60 million and the highest is $563.58 million. Masonite International reported sales of $557.15 million in the same quarter last year, which would suggest a positive year over year growth rate of 0%. The business is scheduled to announce its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Masonite International will report full-year sales of $2.18 billion for the current year, with estimates ranging from $2.17 billion to $2.20 billion. For the next year, analysts forecast that the business will report sales of $2.27 billion, with estimates ranging from $2.21 billion to $2.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Masonite International.

Masonite International (NYSE:DOOR) last released its quarterly earnings results on Monday, August 5th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.06). The firm had revenue of $562.94 million during the quarter, compared to analysts’ expectations of $577.81 million. Masonite International had a return on equity of 15.01% and a net margin of 2.99%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $1.24 earnings per share.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Masonite International from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Wedbush restated a “neutral” rating on shares of Masonite International in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $60.88.

Institutional investors have recently made changes to their positions in the stock. Dupont Capital Management Corp raised its holdings in Masonite International by 10.1% in the 2nd quarter. Dupont Capital Management Corp now owns 51,088 shares of the company’s stock worth $2,691,000 after purchasing an additional 4,690 shares during the period. Systematic Financial Management LP raised its holdings in Masonite International by 6.7% in the 1st quarter. Systematic Financial Management LP now owns 108,275 shares of the company’s stock worth $5,402,000 after purchasing an additional 6,800 shares during the period. OppenheimerFunds Inc. raised its holdings in Masonite International by 2.5% in the 1st quarter. OppenheimerFunds Inc. now owns 432,110 shares of the company’s stock worth $21,558,000 after purchasing an additional 10,667 shares during the period. Nordea Investment Management AB raised its holdings in Masonite International by 2.2% in the 1st quarter. Nordea Investment Management AB now owns 77,290 shares of the company’s stock worth $3,857,000 after purchasing an additional 1,660 shares during the period. Finally, Atria Investments LLC bought a new position in Masonite International in the 2nd quarter worth $1,207,000. 96.87% of the stock is currently owned by institutional investors.

Shares of DOOR stock traded down $0.05 on Monday, reaching $57.70. The stock had a trading volume of 110,894 shares, compared to its average volume of 135,110. The stock has a market cap of $1.44 billion, a P/E ratio of 15.68 and a beta of 1.33. Masonite International has a 1 year low of $43.76 and a 1 year high of $69.15. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.70 and a current ratio of 2.62. The company has a 50 day simple moving average of $51.83 and a 200 day simple moving average of $51.98.

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.

See Also: Diversification

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Earnings History and Estimates for Masonite International (NYSE:DOOR)

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