Masonite International Corporation (NYSE:DOOR) is expected to report third quarter earnings results, after market close, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.78 per share.
Looking ahead, the full year income are expected at $ 5.88 per share on the revenues of $ 2194.96 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,220.00 million ~ $ 2,329.00 million, where as bottomline are predicted in a range of $ 4.25 ~ $ 5.25 per share
Click Here For More Historical Outlooks Of Masonite International Corporation
Previous Quarter Performance
Masonite International Corporation communicated income for the second quarter of $ 1.50 per share, from the revenue of $ 499.66 million. The quarterly earnings elevated 37.61 percent compared with the same quarter last year. The consensus estimates are income of $ 1.18 per share from $ 489.63 million in revenue. The bottom line results beat street analysts by $ 0.32 or 27.12 percent, at the same time, top line results outshined analysts by $ 10.03 million or 2.05 percent.
Stock Performance
On Friday, shares of Masonite International Corporation has traded high as $ 89.72 and has cracked $ 85.15 on the downward trend, reaching $ 88.00 with volume of 145.50 thousand shares.
According to the previous trading day, closing price of $ 88.00, representing a 151.81 % increase from the 52 week low of $ 34.88 and a 20.04 % decrease over the 52 week high of $ 109.84.
The company has a market capital of $ 2.16 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Benchmark at Buy rating, with $ 125.00 target price.
Masonite International Corporation designs, manufactures, 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. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors. It also provides various door components, including interior door facings, agri-fiber and particleboard door cores, MDF and wood cut-stock components, critical door components, wood veneer door skins, and mineral and particleboard door cores.
