Masonite International Corp (DOOR) Releases Earnings Results, Beats Expectations By $0.13 EPS

Masonite International Corp (DOOR) reported quarterly earnings results on Wednesday, Aug-10-2016. The company said it had a profit of $1.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $0.89. The company posted revenue of $514.00 million in the period, compared to analysts expectations of $512.99 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Masonite International Corp. Shares were Reiterated by Imperial Capital on Jul 6, 2016 to “Outperform” and Lowered the Price Target to $ 80 from a previous price target of $82.50 .FBR Capital Initiated Masonite International Corp on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $89.

Masonite International Corp closed down -0.18 points or -0.25% at $72.08 with 1,25,465 shares getting traded on Monday. Post opening the session at $72.63, the shares hit an intraday low of $71.98 and an intraday high of $72.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 3, 2016, John C Wills (director) sold 1,487 shares at $70.25 per share price. According to the SEC, on Jun 3, 2016, Lawrence P Repar (officer ) sold 24,607 shares at $70.24 per share price. On Jun 3, 2016, Gail N Auerbach (Senior VP, Human Resources) sold 909 shares at $70.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Masonite International Corporation is a designer and manufacturer of interior and exterior doors for residential construction residential repair renovation and remodeling and the non-residential building construction markets. The Company markets and sells its products to remodeling contractors builders homeowners retailers dealers lumberyards commercial and general contractors and architects through wholesale and retail distribution channels. Its portfolio of brands include Masonite Marshfield Premdor Mohawk Megantic Algoma Birchwood Best Lemieux Door-Stop and Harring Doors among others. Its other products also include the Vista Grande Storm Guard AvantGuard and Heritage Collection. Its product lines include residential doors architectural doors and components. The Company operates under the following geographical segments: North America; Europe Asia and Latin America and Africa.

Masonite International Corp

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