Wall Street brokerages expect Masonite International Corp (NYSE:DOOR) to report sales of $511.64 million for the current quarter, Zacks reports. Five analysts have made estimates for Masonite International’s earnings, with the highest sales estimate coming in at $521.06 million and the lowest estimate coming in at $504.10 million. Masonite International reported sales of $481.03 million in the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The company is scheduled to announce its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Masonite International will report full-year sales of $511.64 million for the current fiscal year, with estimates ranging from $2.03 billion to $2.05 billion. For the next fiscal year, analysts expect that the company will report sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Masonite International.

Masonite International (NYSE:DOOR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The company had revenue of $517.50 million during the quarter, compared to analyst estimates of $509.04 million. Masonite International had a net margin of 4.75% and a return on equity of 14.38%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share.

DOOR has been the topic of a number of research reports. TheStreet downgraded Masonite International from a “b” rating to a “c+” rating in a report on Friday, August 25th. Robert W. Baird restated a “buy” rating and issued a $70.00 price objective on shares of Masonite International in a report on Sunday, September 17th. Northcoast Research downgraded Masonite International from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Monday, September 18th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and issued a $67.00 price objective on shares of Masonite International in a report on Monday, September 25th. Finally, Wedbush downgraded Masonite International from an “outperform” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $76.73.

In other news, insider James A. Hair sold 1,600 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $72.34, for a total value of $115,744.00. Following the completion of the sale, the insider now directly owns 4,172 shares of the company’s stock, valued at $301,802.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Edgar Lewis sold 1,400 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total value of $98,728.00. Following the completion of the sale, the insider now directly owns 22,518 shares of the company’s stock, valued at $1,587,969.36. The disclosure for this sale can be found here. Insiders have sold 4,015 shares of company stock valued at $288,263 in the last ninety days. Company insiders own 2.19% of the company’s stock.

A number of hedge funds have recently modified their holdings of DOOR. Hotchkis & Wiley Capital Management LLC lifted its position in Masonite International by 87.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,730,607 shares of the company’s stock worth $119,758,000 after purchasing an additional 807,811 shares during the period. Neuberger Berman Group LLC acquired a new position in Masonite International during the third quarter worth $53,419,000. Vaughan Nelson Investment Management L.P. acquired a new position in Masonite International during the third quarter worth $23,052,000. Koch Industries Inc. acquired a new position in Masonite International during the second quarter worth $248,000. Finally, Impala Asset Management LLC acquired a new position in Masonite International during the second quarter worth $14,300,000.

Shares of Masonite International (NYSE DOOR) traded up $1.20 on Monday, hitting $72.45. The stock had a trading volume of 128,230 shares, compared to its average volume of 226,255. The firm has a market cap of $2,028.56, a P/E ratio of 22.13 and a beta of 1.33. Masonite International has a one year low of $50.40 and a one year high of $85.30. The company has a quick ratio of 2.05, a current ratio of 3.12 and a debt-to-equity ratio of 0.93.

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Masonite International Company Profile

Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.

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