Masonite International (NYSE:DOOR) Issues Earnings Results

Masonite International (NYSE:DOOR) posted its earnings results on Monday. The company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.76), Briefing.com reports. Masonite International had a net margin of 4.18% and a return on equity of 20.17%. The business had revenue of $668.34 million during the quarter, compared to analysts’ expectations of $715.38 million. During the same quarter in the prior year, the firm earned $1.88 EPS. Masonite International’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Masonite International Price Performance

DOOR stock opened at $132.67 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.42 and a quick ratio of 1.42. The firm has a market capitalization of $2.92 billion, a P/E ratio of 25.17, a P/E/G ratio of 6.64 and a beta of 1.63. The business’s 50-day moving average is $131.24 and its two-hundred day moving average is $106.93. Masonite International has a 1 year low of $76.87 and a 1 year high of $132.85.

Insider Buying and Selling at Masonite International

In other Masonite International news, insider Robert Paxton sold 721 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total value of $93,693.95. Following the sale, the insider now owns 20,798 shares of the company’s stock, valued at approximately $2,702,700.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Robert Paxton sold 721 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total value of $93,693.95. Following the transaction, the insider now owns 20,798 shares in the company, valued at approximately $2,702,700.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher O. Ball sold 396 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total value of $51,503.76. Following the completion of the transaction, the insider now owns 13,263 shares in the company, valued at approximately $1,724,985.78. The disclosure for this sale can be found here. Insiders have sold 1,641 shares of company stock valued at $213,329 in the last quarter. Corporate insiders own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DOOR. Stifel Nicolaus restated a “hold” rating and issued a $133.00 target price (up previously from $119.00) on shares of Masonite International in a research report on Wednesday, February 21st. TheStreet downgraded Masonite International from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th. StockNews.com assumed coverage on Masonite International in a research note on Thursday, May 2nd. They set a “hold” rating on the stock. Royal Bank of Canada increased their target price on Masonite International from $87.00 to $133.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Finally, Oppenheimer assumed coverage on Masonite International in a research note on Friday, January 19th. They set an “outperform” rating and a $115.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.89.

Masonite International Company Profile

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products.