FY2022 Earnings Estimate for Masonite International Co. Issued By Wedbush (NYSE:DOOR)

Masonite International Co. (NYSE:DOORGet Rating) – Wedbush raised their FY2022 earnings estimates for Masonite International in a report released on Wednesday, November 9th. Wedbush analyst J. Mccanless now expects that the company will earn $10.04 per share for the year, up from their previous estimate of $9.94. The consensus estimate for Masonite International’s current full-year earnings is $10.34 per share. Wedbush also issued estimates for Masonite International’s Q4 2022 earnings at $2.02 EPS.

Masonite International (NYSE:DOORGet Rating) last issued its quarterly earnings data on Monday, August 8th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.43 by $0.15. The firm had revenue of $762.00 million during the quarter, compared to the consensus estimate of $725.81 million. Masonite International had a net margin of 5.54% and a return on equity of 34.88%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.23 earnings per share.

A number of other equities analysts also recently issued reports on the stock. StockNews.com downgraded shares of Masonite International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 20th. Royal Bank of Canada decreased their price target on shares of Masonite International from $99.00 to $91.00 and set an “outperform” rating for the company in a research note on Wednesday. Robert W. Baird increased their price target on shares of Masonite International from $102.00 to $104.00 in a research note on Wednesday, August 10th. JPMorgan Chase & Co. decreased their price target on shares of Masonite International from $110.00 to $93.00 in a research note on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Masonite International from $99.00 to $90.00 in a research note on Thursday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $101.86.

Masonite International Stock Performance

Shares of NYSE:DOOR opened at $77.34 on Thursday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 11.13 and a beta of 1.65. The company has a 50-day moving average price of $73.21 and a 200-day moving average price of $80.82. The company has a current ratio of 2.85, a quick ratio of 1.77 and a debt-to-equity ratio of 1.31. Masonite International has a 12 month low of $65.71 and a 12 month high of $119.32.

Institutional Investors Weigh In On Masonite International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in Masonite International by 7.2% in the third quarter. Envestnet Asset Management Inc. now owns 41,483 shares of the company’s stock worth $2,957,000 after purchasing an additional 2,771 shares during the last quarter. Quent Capital LLC boosted its holdings in Masonite International by 40.4% in the third quarter. Quent Capital LLC now owns 6,950 shares of the company’s stock worth $495,000 after purchasing an additional 2,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Masonite International by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 725,819 shares of the company’s stock worth $51,743,000 after purchasing an additional 28,866 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Masonite International by 80.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,504 shares of the company’s stock worth $107,000 after acquiring an additional 669 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Masonite International by 8.5% during the 3rd quarter. New York State Common Retirement Fund now owns 17,110 shares of the company’s stock worth $1,220,000 after acquiring an additional 1,345 shares during the last quarter.

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.

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Earnings History and Estimates for Masonite International (NYSE:DOOR)

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