Masonite International (NYSE:DOOR) Issues Earnings Results

Masonite International (NYSE:DOORGet Rating) posted its quarterly earnings results on Tuesday. The company reported $2.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.92, MarketWatch Earnings reports. Masonite International had a return on equity of 27.40% and a net margin of 3.64%. The firm had revenue of $726.00 million during the quarter, compared to the consensus estimate of $690.03 million. During the same quarter in the previous year, the business earned $1.93 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year.

Shares of NYSE DOOR opened at $80.67 on Wednesday. Masonite International has a 1-year low of $72.86 and a 1-year high of $131.38. The stock has a 50-day moving average of $87.00. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.95 and a quick ratio of 2.05. The stock has a market capitalization of $1.82 billion, a P/E ratio of 21.34 and a beta of 1.71.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Masonite International from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Tuesday, April 26th. JPMorgan Chase & Co. lowered their price target on Masonite International from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, April 20th. StockNews.com began coverage on Masonite International in a research report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet downgraded Masonite International from a “b” rating to a “c” rating in a research report on Friday, February 18th. Finally, Stifel Nicolaus decreased their target price on Masonite International from $150.00 to $130.00 in a research report on Wednesday, February 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Masonite International currently has an average rating of “Buy” and an average target price of $113.00.

In other Masonite International news, Director Jay Ira Steinfeld purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The shares were acquired at an average price of $85.80 per share, for a total transaction of $85,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its stake in shares of Masonite International by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 32,282 shares of the company’s stock worth $3,808,000 after acquiring an additional 168 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Masonite International by 4.0% in the third quarter. LPL Financial LLC now owns 6,214 shares of the company’s stock worth $659,000 after acquiring an additional 240 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Masonite International during the third quarter valued at approximately $243,000. Stifel Financial Corp raised its stake in Masonite International by 31.2% during the fourth quarter. Stifel Financial Corp now owns 11,324 shares of the company’s stock valued at $1,336,000 after buying an additional 2,694 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Masonite International during the fourth quarter valued at approximately $368,000.

Masonite International Company Profile (Get Rating)

Masonite International Corporation designs, manufactures, markets, 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. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.

Further Reading

Earnings History for Masonite International (NYSE:DOOR)

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