$557.39 Million in Sales Expected for Masonite International Corp (NYSE:DOOR) This Quarter

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.

Several research analysts recently commented on DOOR shares. Royal Bank of Canada set a $60.00 price objective on shares of Masonite International and gave the stock a “buy” rating in a research note on Friday, May 3rd. ValuEngine upgraded shares of Masonite International from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Wedbush reiterated a “neutral” rating on shares of Masonite International in a research note on Wednesday, August 7th. Zacks Investment Research lowered shares of Masonite International from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Masonite International from $66.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $60.88.

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.

Featured Article: Mutual funds are not immune from market timing

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.