Wall Street brokerages forecast that Masonite International Corp (NYSE:DOOR) will announce sales of $557.39 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Masonite International’s earnings, with estimates ranging from $548.60 million to $563.58 million. Masonite International posted sales of $557.15 million in the same quarter last year, which suggests a positive year over year growth rate of 0%. The business is expected to report its next earnings results on Tuesday, November 5th.
On average, analysts expect that Masonite International will report full-year sales of $2.18 billion for the current financial year, with estimates ranging from $2.17 billion to $2.20 billion. For the next financial year, analysts expect that the firm will post sales of $2.27 billion, with estimates ranging from $2.21 billion to $2.30 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Masonite International.
Masonite International (NYSE:DOOR) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.06). Masonite International had a net margin of 2.99% and a return on equity of 15.01%. The business had revenue of $562.94 million during the quarter, compared to the consensus estimate of $577.81 million. During the same quarter in the prior year, the firm posted $1.24 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year.
Shares of NYSE:DOOR traded down $0.86 during trading hours on Friday, hitting $49.33. The company’s stock had a trading volume of 119,390 shares, compared to its average volume of 128,092. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.62 and a quick ratio of 1.70. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.40 and a beta of 1.40. The firm’s fifty day moving average price is $51.64 and its 200 day moving average price is $52.32. Masonite International has a 52 week low of $43.76 and a 52 week high of $70.70.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC acquired a new stake in shares of Masonite International in the second quarter valued at about $10,254,000. Jane Street Group LLC acquired a new stake in shares of Masonite International in the second quarter valued at about $276,000. Citadel Advisors LLC raised its position in shares of Masonite International by 252.3% in the second 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 last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Masonite International by 46.2% in the second 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 last quarter. Finally, Marshall Wace LLP raised its position in shares of Masonite International by 878.4% in the second quarter. Marshall Wace LLP now owns 7,289 shares of the company’s stock valued at $384,000 after buying an additional 6,544 shares during the last quarter. Hedge funds and other institutional investors own 96.40% 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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