Masonite International (NYSE:DOOR – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. 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.
Masonite International Stock Performance
NYSE DOOR opened at $93.18 on Monday. The company has a market capitalization of $2.07 billion, a P/E ratio of 15.66 and a beta of 1.73. Masonite International has a 1-year low of $69.41 and a 1-year high of $128.87. The business has a 50 day moving average price of $83.74 and a 200 day moving average price of $87.28. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.85 and a quick ratio of 1.77.
Masonite International (NYSE:DOOR – Get Rating) last issued its quarterly earnings data on Monday, August 8th. The company reported $2.58 earnings per share for the quarter, topping 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 business had revenue of $762.00 million during the quarter, compared to analysts’ expectations of $725.81 million. During the same period last year, the company posted $2.23 EPS. The company’s revenue was up 15.1% on a year-over-year basis. Sell-side analysts expect that Masonite International will post 10.21 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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DOOR has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on Masonite International from $102.00 to $104.00 in a research report on Wednesday, August 10th. StockNews.com raised shares of Masonite International from a hold rating to a buy rating in a research note on Wednesday, May 4th. JPMorgan Chase & Co. cut their price target on Masonite International from $110.00 to $93.00 in a report on Friday, July 15th. Finally, TheStreet raised Masonite International from a c+ rating to a b rating in a research note on Thursday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $117.25.
Institutional Trading of Masonite International
Institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its holdings in shares of Masonite International by 8.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 23,782 shares of the company’s stock worth $1,827,000 after purchasing an additional 1,772 shares during the period. Raymond James & Associates increased its position in Masonite International by 5.7% during the 1st quarter. Raymond James & Associates now owns 19,890 shares of the company’s stock worth $1,769,000 after purchasing an additional 1,081 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Masonite International in the first quarter valued at approximately $1,453,000. MetLife Investment Management LLC lifted its position in Masonite International by 55.5% during the first quarter. MetLife Investment Management LLC now owns 13,007 shares of the company’s stock valued at $1,157,000 after buying an additional 4,641 shares in the last quarter. Finally, Renaissance Group LLC grew its stake in Masonite International by 11.5% during the first quarter. Renaissance Group LLC now owns 9,520 shares of the company’s stock worth $847,000 after buying an additional 984 shares during the period.
Masonite International Company Profile
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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