A share price of Masonite International Corp [DOOR] is currently trading at $130.82, down -0.06%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DOOR shares have lost -0.48% over the last week, with a monthly amount glided 0.02%, and seem to be holding up well over a long-time horizon.
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On 8, April 2024, Masonite Announces Date of First Quarter 2024 Earnings Release. In a post published today on Yahoo Finance, Masonite International Corporation (NYSE: DOOR) today announced it will release first quarter 2024 financial results on Monday, May 6, 2024.
From an analyst’s perspective:
Masonite International Corp [NYSE: DOOR] stock has seen the most recent analyst activity on January 19, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $115. Previously, Robert W. Baird downgraded its rating to Neutral on December 19, 2023, and dropped its price target to $92. On December 18, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $92 on the stock. Stephens downgraded its rating to a Equal-Weight and decreased its price target to $93 on November 09, 2023. RBC Capital Mkts reiterated its recommendation of a Sector Perform and raised its price target to $105 on May 10, 2023. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on January 13, 2023, and downed its price target to $89. In a note dated August 18, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $135 on this stock.
Masonite International Corp experienced fluctuations in its stock price throughout the past year between $76.87 and $131.93. Currently, Wall Street analysts expect the stock to reach $114.83 within the next 12 months. Masonite International Corp [NYSE: DOOR] shares were valued at $130.82 at the most recent close of the market. An investor can expect a potential drop of -12.22% based on the average DOOR price forecast.
Analyzing the DOOR fundamentals
Trailing Twelve Months sales for Masonite International Corp [NYSE:DOOR] were 2.83B which represents -2.28% decline. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.14 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 130.76 points at the first support level, and at 130.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 130.90, and for the 2nd resistance point, it is at 130.99.
Masonite International Corp [DOOR] reported earnings per share of $1.29 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.31/share, meaning a difference of -$0.02 and a surprise factor of -1.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.04 per share as compared to estimates of $2.06 per share, a difference of -$0.02 representing a surprise of -1.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Masonite International Corp [NYSE:DOOR] is 2.42. Also, the Quick Ratio is 1.42, while the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 1.02, the price to book ratio is 3.37 and price to earnings (TTM) ratio is 24.82.
Transactions by insiders
Recent insider trading involved Ball Christopher O, President, Global Residential, that happened on Feb 27 ’24 when 396.0 shares were sold. SVP, GC & Corporate Secretary, Pelletier James C completed a deal on Feb 27 ’24 to sell 262.0 shares. Meanwhile, VP & Chief Accounting Officer Shellabarger Catherine Anne sold 83.0 shares on Feb 27 ’24.
