Masonite International (NYSE:DOOR) Releases Quarterly Earnings Results, Misses Expectations By $0.76 EPS

Masonite International (NYSE:DOOR) announced its earnings results on Monday. The company reported $1.29 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.76), Briefing.com reports. The company had revenue of $668.34 million for the quarter, compared to analysts’ expectations of $715.38 million. Masonite International had a net margin of 4.18% and a return on equity of 20.17%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share.

Masonite International Price Performance

Shares of DOOR opened at $132.67 on Wednesday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 6.64 and a beta of 1.63. The stock has a 50 day moving average of $131.24 and a 200-day moving average of $106.93. The company has a current ratio of 2.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.22. Masonite International has a 52 week low of $76.87 and a 52 week high of $132.85.

Insider Transactions at Masonite International

In related news, insider Robert Paxton sold 721 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total transaction of $93,693.95. Following the completion of the transaction, the insider now owns 20,798 shares in the company, valued at approximately $2,702,700.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert Paxton sold 721 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total transaction of $93,693.95. Following the completion of the transaction, the insider now owns 20,798 shares in the company, valued at approximately $2,702,700.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James C. Pelletier sold 262 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $34,075.72. Following the transaction, the senior vice president now owns 12,739 shares of the company’s stock, valued at approximately $1,656,834.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,641 shares of company stock worth $213,329. 1.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $133.00 price objective (up previously from $119.00) on shares of Masonite International in a research note on Wednesday, February 21st. StockNews.com assumed coverage on Masonite International in a research note on Thursday, May 2nd. They set a “hold” rating for the company. TheStreet lowered Masonite International from a “b” rating to a “c+” rating in a research note on Tuesday, February 20th. Royal Bank of Canada raised their price objective on Masonite International from $87.00 to $133.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. Finally, Oppenheimer assumed coverage on Masonite International in a research note on Friday, January 19th. They set an “outperform” rating and a $115.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Masonite International has an average rating of “Hold” and an average price target of $116.89.

About Masonite International

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products.