Masonite International (NYSE:DOOR) Reports Results


Masonite International (NYSE: GATEGet a rating) released its quarterly results on Tuesday. The company reported earnings per share (EPS) of $2.89 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 company had revenue of $726.00 million in the quarter, versus a consensus estimate of $690.03 million. In the same quarter a year earlier, the company had earned earnings per share of $1.93. The company’s quarterly revenue increased by 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 minimum of $72.86 and a 1-year maximum of $131.38. The stock has a 50-day moving average of $87.00. The company has a debt 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 equity research analysts have published reports on the company. Zacks Investment Research moved Masonite International from a “hold” rating to a “buy” rating and set a price target of $90.00 for the company in a Tuesday, April 26 research report. JPMorgan Chase & Co. lowered its price target on Masonite International from $110.00 to $90.00 and set an “overweight” rating for the company in a Wednesday, April 20 research report. StockNews.com began covering Masonite International in a research report on Thursday, March 31. They issued a “maintaining” rating for the company. TheStreet downgraded Masonite International from a ‘b’ rating to a ‘c’ rating in a Friday, February 18 research report. Finally, Stifel Nicolaus reduced his target price on Masonite International from $150.00 to $130.00 in a Wednesday, February 23 research report. One research analyst gave the stock a hold rating and four gave the company a buy rating. 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 bought 1,000 shares of the company in a transaction that took place on Thursday, February 24. 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, accessible via this link. 1.00% of the shares are held by insiders.

Several large investors have recently increased or reduced their stake in the stock. California State Teachers Retirement System increased its stake in Masonite International shares by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 32,282 shares of the company worth $3,808,000 after acquiring 168 additional shares in the last quarter. LPL Financial LLC increased 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 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 increased its stake in Masonite International by 31.2% during the fourth quarter. Stifel Financial Corp now owns 11,324 shares of the company valued at $1,336,000 after buying an additional 2,694 shares 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 a 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 track, steel and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.

Further reading

Earnings history of Masonite International (NYSE: DOOR)



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