Equities analysts expect that Masonite International Corp (NYSE:DOOR) will report sales of $511.64 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Masonite International’s earnings, with estimates ranging from $504.10 million to $521.06 million. Masonite International posted sales of $481.03 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The company is expected to announce its next earnings report after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Masonite International will report full-year sales of $511.64 million for the current fiscal year, with estimates ranging from $2.03 billion to $2.05 billion. For the next year, analysts expect that the business will report sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Masonite International.
A number of equities analysts have recently weighed in on DOOR shares. Zacks Investment Research downgraded Masonite International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Robert W. Baird restated a “buy” rating and issued a $72.00 target price on shares of Masonite International in a research note on Friday, October 20th. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price (up previously from $72.00) on shares of Masonite International in a research note on Thursday, November 9th. BidaskClub upgraded Masonite International from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $69.00 target price (up previously from $60.00) on shares of Masonite International in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Masonite International presently has an average rating of “Hold” and an average price target of $76.60.
Shares of Masonite International (DOOR) traded up $0.20 during midday trading on Tuesday, hitting $67.20. The stock had a trading volume of 214,371 shares, compared to its average volume of 158,357. Masonite International has a 12-month low of $50.40 and a 12-month high of $85.30. The stock has a market cap of $1,913.25, a P/E ratio of 21.27 and a beta of 1.18. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.12 and a quick ratio of 2.05.
In related news, insider Robert Edgar Lewis sold 1,400 shares of Masonite International stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total value of $98,728.00. Following the sale, the insider now owns 22,518 shares of the company’s stock, valued at approximately $1,587,969.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James A. Hair sold 1,600 shares of Masonite International stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $72.34, for a total transaction of $115,744.00. Following the completion of the sale, the insider now directly owns 4,172 shares in the company, valued at approximately $301,802.48. The disclosure for this sale can be found here. Insiders sold a total of 4,015 shares of company stock worth $288,263 in the last ninety days. 2.19% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Sei Investments Co. raised its holdings in Masonite International by 448.6% during the 3rd quarter. Sei Investments Co. now owns 147,245 shares of the company’s stock valued at $10,190,000 after acquiring an additional 120,406 shares during the period. Voya Investment Management LLC grew its position in shares of Masonite International by 20.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,026 shares of the company’s stock valued at $1,059,000 after purchasing an additional 2,410 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Masonite International by 20.4% during the 2nd quarter. New York State Common Retirement Fund now owns 130,112 shares of the company’s stock valued at $9,823,000 after purchasing an additional 22,006 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Masonite International during the 3rd quarter valued at $299,000. Finally, Pax World Management LLC purchased a new position in shares of Masonite International during the 3rd quarter valued at $8,230,000.
Masonite International Company Profile
Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.
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