Masonite International (NYSE:DOOR – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $9.60-$10.60 for the period, compared to the consensus earnings per share estimate of $10.30. The company issued revenue guidance of $2.75 billion-$2.86 billion, compared to the consensus revenue estimate of $2.86 billion.
Wall Street Analysts Forecast Growth
DOOR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Masonite International from $110.00 to $93.00 in a report on Friday, July 15th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Masonite International in a report on Wednesday, August 17th. They issued a buy rating and a $135.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Masonite International from $102.00 to $104.00 in a report on Wednesday, August 10th. TheStreet raised shares of Masonite International from a c+ rating to a b rating in a report on Thursday, August 11th. Finally, StockNews.com downgraded shares of Masonite International from a strong-buy rating to a buy rating in a report on Friday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Masonite International presently has a consensus rating of Buy and an average target price of $120.80.
Masonite International Price Performance
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Shares of NYSE DOOR opened at $78.09 on Monday. The firm has a 50-day simple moving average of $85.53 and a 200-day simple moving average of $86.48. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 13.12 and a beta of 1.72. The company has a quick ratio of 1.77, a current ratio of 2.85 and a debt-to-equity ratio of 1.31. Masonite International has a 52 week low of $69.41 and a 52 week high of $128.87.
Masonite International (NYSE:DOOR – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.15. Masonite International had a net margin of 4.99% and a return on equity of 32.68%. The firm had revenue of $762.00 million during the quarter, compared to analyst estimates of $725.81 million. During the same quarter in the prior year, the firm posted $2.23 earnings per share. Masonite International’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities analysts predict that Masonite International will post 10.35 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of DOOR. Point72 Hong Kong Ltd purchased a new position in Masonite International during the first quarter worth about $46,000. Covestor Ltd purchased a new position in shares of Masonite International in the first quarter valued at approximately $55,000. Captrust Financial Advisors boosted its stake in shares of Masonite International by 18.2% in the second quarter. Captrust Financial Advisors now owns 1,363 shares of the company’s stock valued at $105,000 after purchasing an additional 210 shares during the period. Quantbot Technologies LP purchased a new position in shares of Masonite International in the first quarter valued at approximately $112,000. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Masonite International by 13.6% in the first quarter. Great West Life Assurance Co. Can now owns 1,683 shares of the company’s stock valued at $160,000 after purchasing an additional 202 shares during the period.
About Masonite International
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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