Northcoast Research Analysts Lower Earnings Estimates for Masonite International Corp (NYSE:DOOR)

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Masonite International Corp (NYSE:DOOR) – Equities researchers at Northcoast Research decreased their FY2020 earnings per share (EPS) estimates for shares of Masonite International in a report released on Wednesday, November 27th. Northcoast Research analyst K. Hocevar now expects that the company will earn $4.65 per share for the year, down from their prior estimate 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.

DOOR has been the topic of several other research reports. Robert W. Baird upped their price objective on shares of Masonite International from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Zacks Investment Research raised shares of Masonite International from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. TheStreet raised shares of Masonite International from a “c+” rating to a “b-” rating in a research note on Friday, September 27th. Royal Bank of Canada downgraded shares of Masonite International from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective on the stock. in a research note on Wednesday, November 6th. Finally, Wedbush reissued a “neutral” rating on shares of Masonite International in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Masonite International currently has a consensus rating of “Buy” and an average price target of $67.50.

Shares of DOOR opened at $71.11 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.72 and a current ratio of 2.65. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 19.32 and a beta of 1.39. The company’s 50 day simple moving average is $64.48 and its 200 day simple moving average is $55.69. Masonite International has a 1 year low of $43.76 and a 1 year high of $74.46.

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

A number of large investors have recently bought and sold shares of DOOR. Nuveen Asset Management LLC purchased a new position in Masonite International during the second quarter worth approximately $10,254,000. D. E. Shaw & Co. Inc. raised its stake in shares of Masonite International by 46.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 383,377 shares of the company’s stock valued at $20,196,000 after acquiring an additional 121,106 shares during the period. Renaissance Technologies LLC raised its stake in shares of Masonite International by 29.3% in the 2nd quarter. Renaissance Technologies LLC now owns 269,300 shares of the company’s stock valued at $14,187,000 after acquiring an additional 61,000 shares during the period. Citadel Advisors LLC raised its stake in shares of Masonite International by 252.3% in the 2nd quarter. Citadel Advisors LLC now owns 60,831 shares of the company’s stock valued at $3,204,000 after acquiring an additional 43,563 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Masonite International by 298.5% in the 3rd quarter. California Public Employees Retirement System now owns 48,806 shares of the company’s stock valued at $2,831,000 after acquiring an additional 36,559 shares during the period. 97.00% of the stock is currently owned by institutional investors.

In other Masonite International news, insider Robert Edgar Lewis sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $64.10, for a total transaction of $96,150.00. Following the transaction, the insider now owns 26,881 shares of the company’s stock, valued at $1,723,072.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.43% of the company’s stock.

Masonite International Company Profile

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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