Masonite International Corp (NYSE:DOOR) – Equities research analysts at Northcoast Research lowered their FY2020 earnings per share (EPS) estimates for Masonite International in a research note issued to investors on Wednesday, November 27th. Northcoast Research analyst K. Hocevar now anticipates that the company will post earnings of $4.65 per share for the year, down from their prior forecast of $4.75. Northcoast Research has a “Buy” rating and a $85.00 price target on the stock. Northcoast Research also issued estimates for Masonite International’s FY2021 earnings at $5.90 EPS.

Masonite International (NYSE:DOOR) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.12. Masonite International had a net margin of 2.55% and a return on equity of 15.29%. The firm had revenue of $552.19 million during the quarter, compared to analysts’ expectations of $557.92 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis.

A number of other analysts have also recently commented on the stock. ValuEngine cut shares of Masonite International from a “hold” rating to a “sell” rating in a research report on Tuesday. Nomura lifted their target price on Masonite International from $77.00 to $81.00 in a report on Tuesday, November 19th. Stifel Nicolaus raised Masonite International from a “hold” rating to a “buy” rating and boosted their target price for the company from $50.00 to $80.00 in a research note on Wednesday, November 6th. TheStreet upgraded Masonite International from a “c+” rating to a “b-” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada lowered Masonite International from an “outperform” rating to a “sector perform” rating and set a $62.00 price target on the stock. in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Masonite International has a consensus rating of “Hold” and a consensus target price of $67.50.

Shares of NYSE DOOR opened at $70.58 on Monday. Masonite International has a twelve month low of $43.76 and a twelve month high of $74.46. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 19.18 and a beta of 1.39. The company has a quick ratio of 1.72, a current ratio of 2.65 and a debt-to-equity ratio of 1.50. The company’s fifty day moving average is $64.76 and its 200-day moving average is $55.77.

In related news, insider Robert Edgar Lewis sold 1,500 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $64.10, for a total value of $96,150.00. Following the sale, the insider now directly owns 26,881 shares of the company’s stock, valued at approximately $1,723,072.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.43% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DOOR. Squarepoint Ops LLC acquired a new stake in shares of Masonite International in the third quarter valued at approximately $312,000. Public Employees Retirement System of Ohio grew its position in Masonite International by 6.7% in the third quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the company’s stock valued at $129,000 after purchasing an additional 140 shares in the last quarter. California State Teachers Retirement System grew its position in Masonite International by 1.6% in the third quarter. California State Teachers Retirement System now owns 38,959 shares of the company’s stock valued at $2,260,000 after purchasing an additional 628 shares in the last quarter. Stifel Financial Corp increased its stake in Masonite International by 2.7% in the 3rd quarter. Stifel Financial Corp now owns 44,913 shares of the company’s stock valued at $2,606,000 after buying an additional 1,164 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in Masonite International by 14.8% in the 3rd quarter. Systematic Financial Management LP now owns 135,988 shares of the company’s stock valued at $7,887,000 after buying an additional 17,563 shares during the last quarter. 97.00% of the stock is owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Masonite International (NYSE:DOOR)

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