Masonite International Corp (NYSE:DOOR) – Northcoast Research decreased their FY2018 earnings estimates for Masonite International in a report issued on Monday, February 4th. Northcoast Research analyst K. Hocevar now anticipates that the company will post earnings per share of $3.46 for the year, down from their prior forecast of $3.90. Northcoast Research also issued estimates for Masonite International’s Q4 2018 earnings at $0.47 EPS and FY2019 earnings at $4.25 EPS.
Masonite International (NYSE:DOOR) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.02). The company had revenue of $557.00 million during the quarter, compared to analyst estimates of $559.88 million. Masonite International had a return on equity of 14.72% and a net margin of 7.08%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 earnings per share.
A number of other research firms have also recently commented on DOOR. Nomura reduced their price target on shares of Masonite International from $86.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, October 9th. Robert W. Baird set a $72.00 price objective on shares of Masonite International and gave the company a “buy” rating in a report on Tuesday, October 16th. B. Riley cut shares of Masonite International from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $66.00 to $56.00 in a report on Friday, February 1st. Zacks Investment Research cut shares of Masonite International from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Finally, Royal Bank of Canada set a $58.00 price objective on shares of Masonite International and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $63.29.
NYSE:DOOR opened at $55.50 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 3.26 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 16.67 and a beta of 1.48. Masonite International has a 12 month low of $43.76 and a 12 month high of $73.40.
Hedge funds have recently made changes to their positions in the business. Credit Suisse AG bought a new stake in Masonite International in the third quarter worth about $1,083,000. Pzena Investment Management LLC raised its position in Masonite International by 1.9% in the third quarter. Pzena Investment Management LLC now owns 1,021,286 shares of the company’s stock worth $65,464,000 after acquiring an additional 19,238 shares during the period. Russell Investments Group Ltd. bought a new stake in Masonite International in the third quarter worth about $423,000. Systematic Financial Management LP raised its position in Masonite International by 13.9% in the third quarter. Systematic Financial Management LP now owns 84,825 shares of the company’s stock worth $5,437,000 after acquiring an additional 10,350 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Masonite International in the third quarter worth about $9,894,000. 95.05% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: Return on Equity (ROE)
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