Masonite International (DOOR) Releases FY18 Earnings Guidance

Masonite International (NYSE:DOOR) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.70-4.20 for the period, compared to the Thomson Reuters consensus estimate of $3.97. The company issued revenue guidance of $2.15-2.20 billion, compared to the consensus revenue estimate of $2.15 billion.

Shares of Masonite International (DOOR) traded down $0.40 during mid-day trading on Thursday, reaching $65.65. 121,615 shares of the company’s stock were exchanged, compared to its average volume of 206,579. The firm has a market capitalization of $1,908.99, a PE ratio of 20.90 and a beta of 1.18. The company has a current ratio of 3.12, a quick ratio of 2.05 and a debt-to-equity ratio of 0.93. Masonite International has a 12-month low of $50.40 and a 12-month high of $85.30.

Masonite International (NYSE:DOOR) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.13). The firm had revenue of $508.50 million during the quarter, compared to analyst estimates of $512.46 million. Masonite International had a net margin of 4.75% and a return on equity of 14.38%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. research analysts expect that Masonite International will post 3.48 EPS for the current fiscal year.

A number of research firms have recently issued reports on DOOR. Zacks Investment Research cut shares of Masonite International from a hold rating to a sell rating in a research note on Tuesday, January 2nd. TheStreet upgraded shares of Masonite International from a c+ rating to a b rating in a research note on Friday, November 24th. B. Riley raised their target price on shares of Masonite International from $72.00 to $82.00 and gave the stock a buy rating in a research note on Wednesday, November 15th. Royal Bank of Canada restated an outperform rating and set a $74.00 target price (up previously from $72.00) on shares of Masonite International in a research note on Thursday, November 9th. Finally, BidaskClub upgraded shares of Masonite International from a strong sell rating to a sell rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Masonite International presently has an average rating of Hold and an average price target of $76.60.

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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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