Revenue Update on Masonite International Corp(NYSE:DOOR)

Masonite International Corp(NYSE:DOOR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $481.027M. Analysts estimated a revenue of $483.830M. The revenues were -0.58% below the estimates. Earnings per share were $0.55. The reported EPS was below estimates by -11.29%. Analysts had estimated an EPS of $0.62.

Masonite International Corp (DOOR) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.07% at a volume of 2,53,183. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $69. The peak price level was also seen at $69 while the days lowest was $68.15. Finally the shares closed at $68.5. The 52-week high of the shares is $72.75 while the 52-week low is $47.95. According to the latest information available, the market cap of the company is $2,054 M.

Several Insider Transactions has been reported to the SEC. On Nov 23, 2016, Robert Edgar Lewis (officer ) sold 600 shares at $63.37 per share price.Also, On Nov 22, 2016, Russell Thane Tiejema (officer ) purchased 3,500 shares at $67.47 per share price.On Nov 16, 2016, James A Hair (officer ) sold 450 shares at $66.99 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.

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