These Analysts Lower Their Forecasts On Masonite Following Q3 Results

Masonite International Corporation DOOR posted downbeat results for its third quarter on Tuesday.

Masonite International posted adjusted earnings of $2.04 per share, missing market estimates of $2.06 per share. The company’s quarterly sales came in at $702 million versus expectations of $711.184 million.

Masonite International shares fell 0.6% to trade at $82.00 on Thursday.

These analysts made changes to their price targets on Masonite following earnings announcement.

• Stephens & Co. lowered the price target on Masonite from m $130 to $93. Stephens & Co. analyst Trey Grooms downgraded the stock from Overweight to Equal-Weight.
• RBC Capital slashed the price target on Masonite from $106 to $87. RBC Capital analyst Michael Dahl maintained a Sector Perform rating.

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