Masonite International (DOOR) Stock

Owens Corning's transformation focusing on ESG, insulation, and energy transition has driven significant advancements, including the strategic acquisition of Masonite to boost earnings growth. The company is on track to earn $16 per share in 2024, aided by the purchase of door manufacturer Masonite. The company's high margins and strategic buybacks, alongside a 15% dividend increase, underscore its strong financial health and investor returns.

TAMPA, Fla.--(BUSINESS WIRE)--Masonite Architectural announces its rebranding as Forte™ Opening Solutions, marking a significant milestone in the company's evolution. Forte stands for strength and expertise, aligning perfectly with the organization-wide commitment to delivering tailored solutions, expert guidance, and a seamless customer experience. Forte supplies built-to-order wood doors and components and quick ship services to a wide range of customers in commercial and institutional settin.

Masonite (DOOR) reported quarterly earnings of $1.29 per share, falling short of the Zacks Consensus Estimate of $2.05 per share. This is lower than the earnings of $1.88 per share reported in the same quarter last year.

Here is the performance of Masonite (DOOR) and Holcim Ltd Unsponsored ADR (HCMLY) compared to their industry in the current year.

Masonite International (DOOR) has experienced positive changes in earnings estimates in the past month and is part of a robust industry.

At Zacks, we prioritize the Zacks Rank system, which relies on earnings estimates and revisions to identify top stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight strong investment opportunities.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here is how Masonite (DOOR) and Comfort Systems (FIX) have performed compared to their sector so far this year.

The headline numbers for Masonite (DOOR) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.