Q2 2022 EPS Estimates for Masonite International Co. (NYSE:DOOR) Lowered by Wedbush

Masonite International Co. (NYSE:DOOR – Get Rating) – Wedbush cut their Q2 2022 EPS estimates for Masonite International in a research report issued on Wednesday, May 4th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings of $2.49 per share for the quarter, down from their prior estimate of $2.52. Wedbush also issued estimates for Masonite International’s Q3 2022 earnings at $2.34 EPS, Q4 2022 earnings at $2.00 EPS, FY2022 earnings at $9.72 EPS, Q1 2023 earnings at $3.10 EPS, Q2 2023 earnings at $3.34 EPS, Q3 2023 earnings at $3.08 EPS, Q4 2023 earnings at $2.84 EPS and FY2023 earnings at $12.36 EPS.

Masonite International (NYSE:DOOR – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.92. The business had revenue of $726.00 million for the quarter, compared to the consensus estimate of $690.03 million. Masonite International had a return on equity of 31.23% and a net margin of 4.30%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 earnings per share.

A number of other research analysts have also recently commented on DOOR. Royal Bank of Canada dropped their price target on Masonite International from $153.00 to $142.00 and set an “outperform” rating for the company in a research note on Wednesday, February 23rd. TheStreet lowered Masonite International from a “b” rating to a “c” rating in a research report on Friday, February 18th. StockNews.com upgraded Masonite International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. Stifel Nicolaus reduced their target price on Masonite International from $150.00 to $130.00 in a research note on Wednesday, February 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Masonite International from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $113.00.

Shares of DOOR stock opened at $85.99 on Monday. The firm has a fifty day simple moving average of $86.67. The firm has a market cap of $1.94 billion, a P/E ratio of 17.99 and a beta of 1.71. Masonite International has a fifty-two week low of $72.86 and a fifty-two week high of $131.38. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.05 and a current ratio of 2.85.

In related news, Director Jay Ira Steinfeld acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 24th. The stock was acquired at an average price of $85.80 per share, for a total transaction of $85,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DOOR. Point72 Hong Kong Ltd bought a new stake in Masonite International during the third quarter worth about $27,000. Marshall Wace LLP bought a new stake in shares of Masonite International in the 1st quarter valued at about $37,000. Marshall Wace North America L.P. lifted its stake in shares of Masonite International by 85.5% in the 1st quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock valued at $72,000 after acquiring an additional 664 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Masonite International in the 1st quarter valued at about $84,000. Finally, FourThought Financial LLC raised its position in Masonite International by 19.5% during the 3rd quarter. FourThought Financial LLC now owns 1,036 shares of the company’s stock valued at $109,000 after purchasing an additional 169 shares during the last quarter.

About Masonite International (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.

See Also