JELD-WEN (NYSE:JELD) Announces Earnings Results

JELD-WEN (NYSE:JELD) released its quarterly earnings data on Monday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20), Zacks reports. The company had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%.

JELD-WEN Stock Performance

Shares of JELD-WEN stock traded down $0.76 during mid-day trading on Wednesday, hitting $5.98. 1,461,197 shares of the stock were exchanged, compared to its average volume of 816,838. JELD-WEN has a 12 month low of $5.94 and a 12 month high of $21.75. The company has a 50-day simple moving average of $8.91 and a 200 day simple moving average of $11.95. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The company has a market capitalization of $506.03 million, a P/E ratio of -3.21 and a beta of 2.17.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management bought 75,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were purchased at an average price of $8.46 per share, with a total value of $634,500.00. Following the transaction, the insider now directly owns 12,320,226 shares in the company, valued at $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 310,000 shares of company stock valued at $2,463,500 in the last 90 days. 1.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on JELD. UBS Group cut their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays cut their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. B. Riley cut their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada dropped their price target on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.06.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.