Masonite International Corp to Post FY2019 Earnings of $4.00 Per Share, Northcoast Research Forecasts (NYSE:DOOR)

Masonite International Corp (NYSE:DOOR) – Investment analysts at Northcoast Research lowered their FY2019 earnings estimates for Masonite International in a research note issued on Wednesday, June 19th, Zacks Investment Research reports. Northcoast Research analyst K. Hocevar now anticipates that the company will post earnings of $4.00 per share for the year, down from their previous estimate of $4.20. Northcoast Research also issued estimates for Masonite International’s FY2020 earnings at $4.90 EPS.

Masonite International (NYSE:DOOR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Masonite International had a return on equity of 15.58% and a net margin of 3.47%. The business had revenue of $530.00 million for the quarter, compared to the consensus estimate of $531.46 million. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada set a $60.00 price objective on Masonite International and gave the company a “buy” rating in a report on Friday, May 3rd. Seaport Global Securities started coverage on Quanex Building Products in a report on Friday, March 15th. They issued a “buy” rating and a $19.00 price objective on the stock. ValuEngine downgraded Whiting USA Trust II from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Activision Blizzard in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. raised their price target on Masonite International from $66.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $60.88.

Shares of DOOR traded up $1.57 during mid-day trading on Friday, reaching $52.85. The company’s stock had a trading volume of 189,959 shares, compared to its average volume of 168,040. Masonite International has a 12-month low of $43.76 and a 12-month high of $72.65. The firm has a market capitalization of $1.33 billion, a PE ratio of 14.36 and a beta of 1.43. The company has a current ratio of 2.73, a quick ratio of 1.69 and a debt-to-equity ratio of 1.49. The firm’s 50 day moving average price is $51.01.

Large investors have recently added to or reduced their stakes in the stock. Gotham Asset Management LLC grew its stake in shares of Masonite International by 20.0% in the 4th quarter. Gotham Asset Management LLC now owns 15,017 shares of the company’s stock valued at $673,000 after purchasing an additional 2,503 shares during the last quarter. Globeflex Capital L P grew its stake in shares of Masonite International by 74.8% in the 4th quarter. Globeflex Capital L P now owns 19,386 shares of the company’s stock valued at $869,000 after purchasing an additional 8,294 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Masonite International by 13.6% in the 4th quarter. Nordea Investment Management AB now owns 75,630 shares of the company’s stock valued at $3,391,000 after purchasing an additional 9,078 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Masonite International by 324.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,442 shares of the company’s stock valued at $378,000 after purchasing an additional 6,453 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Masonite International by 190.7% in the 4th quarter. Two Sigma Investments LP now owns 88,700 shares of the company’s stock valued at $3,976,000 after purchasing an additional 58,186 shares during the last quarter. Hedge funds and other institutional investors own 96.80% 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.

Featured Story: Conference Calls and Individual Investors

Get a free copy of the Zacks research report on Masonite International (DOOR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Masonite International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International and related companies with MarketBeat.com's FREE daily email newsletter.