Masonite International (DOOR) Scheduled to Post Quarterly Earnings on Monday

Posted by MarketBeat News on Aug 1st, 2022

Masonite International (NYSE:DOOR – Get Rating) will be announcing its earnings results after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $2.43 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Masonite International (NYSE:DOOR – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.94. The business had revenue of $726.00 million during the quarter, compared to analysts’ expectations 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 previous year, the business earned $1.93 earnings per share. On average, analysts expect Masonite International to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Masonite International Stock Down 0.3 %

Shares of NYSE:DOOR opened at $91.03 on Monday. The stock has a fifty day simple moving average of $83.80 and a two-hundred day simple moving average of $88.30. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 19.04 and a beta of 1.70. Masonite International has a 12-month low of $69.41 and a 12-month high of $128.87. The company has a current ratio of 2.85, a quick ratio of 1.76 and a debt-to-equity ratio of 1.38.

Institutional Trading of Masonite International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Masonite International by 23.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 607,079 shares of the company’s stock worth $53,994,000 after purchasing an additional 113,896 shares in the last quarter. State Street Corp grew its holdings in shares of Masonite International by 2.4% in the first quarter. State Street Corp now owns 476,712 shares of the company’s stock worth $42,399,000 after acquiring an additional 11,165 shares during the period. Sunriver Management LLC grew its holdings in shares of Masonite International by 6.3% in the first quarter. Sunriver Management LLC now owns 274,039 shares of the company’s stock worth $24,373,000 after acquiring an additional 16,306 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Masonite International by 234.9% in the first quarter. Goldman Sachs Group Inc. now owns 75,443 shares of the company’s stock worth $6,709,000 after acquiring an additional 52,919 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Masonite International by 2.1% in the first quarter. Sei Investments Co. now owns 39,302 shares of the company’s stock worth $3,520,000 after acquiring an additional 808 shares during the period.

Analysts Set New Price Targets

DOOR has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Masonite International from $110.00 to $93.00 in a research note on Friday, July 15th. Robert W. Baird lifted their price objective on Masonite International from $105.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, June 29th. Finally, StockNews.com raised Masonite International from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Masonite International has an average rating of “Buy” and an average target price of $118.25.

Masonite International Company Profile

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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.