$1.16 Billion in Sales Expected for Jeld-Wen Holding Inc (JELD) This Quarter

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Equities analysts forecast that Jeld-Wen Holding Inc (NYSE:JELD) will report sales of $1.16 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Jeld-Wen’s earnings, with the lowest sales estimate coming in at $1.13 billion and the highest estimate coming in at $1.17 billion. Jeld-Wen posted sales of $948.70 million in the same quarter last year, which suggests a positive year-over-year growth rate of 22.3%. The firm is expected to issue its next earnings results before the market opens on Tuesday, August 7th.

On average, analysts expect that Jeld-Wen will report full year sales of $4.42 billion for the current year, with estimates ranging from $4.37 billion to $4.46 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.70 billion per share, with estimates ranging from $4.54 billion to $4.78 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Jeld-Wen.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. The company had revenue of $946.20 million during the quarter, compared to the consensus estimate of $908.71 million. Jeld-Wen had a return on equity of 21.18% and a net margin of 1.16%. Jeld-Wen’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share.

A number of analysts recently commented on JELD shares. Bank of America downgraded Jeld-Wen from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Monday, May 14th. Jefferies Financial Group started coverage on Jeld-Wen in a research report on Tuesday, April 17th. They set a “hold” rating and a $32.00 price target for the company. Zacks Investment Research downgraded Jeld-Wen from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. ValuEngine lowered Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. Finally, Barclays set a $37.00 price objective on Jeld-Wen and gave the company a “buy” rating in a report on Tuesday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.92.

A number of hedge funds and other institutional investors have recently made changes to their positions in JELD. Envestnet Asset Management Inc. grew its holdings in Jeld-Wen by 337.3% during the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock valued at $114,000 after purchasing an additional 2,924 shares during the period. Summit Trail Advisors LLC grew its holdings in Jeld-Wen by 2,656.7% during the first quarter. Summit Trail Advisors LLC now owns 200,689 shares of the company’s stock valued at $201,000 after purchasing an additional 193,409 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Jeld-Wen by 387.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,098 shares of the company’s stock valued at $240,000 after purchasing an additional 4,848 shares during the period. Xact Kapitalforvaltning AB bought a new position in Jeld-Wen during the fourth quarter valued at $260,000. Finally, Amalgamated Bank grew its holdings in Jeld-Wen by 19.1% during the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after purchasing an additional 1,721 shares during the period. 61.87% of the stock is owned by institutional investors and hedge funds.

Shares of JELD traded down $0.21 on Monday, reaching $27.49. 541,618 shares of the company’s stock traded hands, compared to its average volume of 764,430. The company has a current ratio of 1.96, a quick ratio of 1.13 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.63 and a beta of 2.29. Jeld-Wen has a 52-week low of $26.32 and a 52-week high of $42.27.

About Jeld-Wen

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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Earnings History and Estimates for Jeld-Wen (NYSE:JELD)

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