JELD-WEN (NYSE:JELD) Announces Earnings Results

JELD-WEN (NYSE:JELD) posted its quarterly earnings results on Monday. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08), Briefing.com reports. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The firm had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same period last year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. JELD-WEN updated its FY 2024 guidance to EPS.

JELD-WEN Stock Up 9.2 %

NYSE JELD traded up $0.91 on Wednesday, hitting $10.83. The stock had a trading volume of 1,064,412 shares, compared to its average volume of 663,581. The stock has a market cap of $915.60 million, a price-to-earnings ratio of -5.91 and a beta of 2.25. The business’s fifty day moving average price is $14.79 and its 200 day moving average price is $15.05. JELD-WEN has a 52-week low of $8.90 and a 52-week high of $21.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Loop Capital decreased their price objective on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Barclays dropped their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday. The Goldman Sachs Group reduced their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group upped their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada lowered their price objective on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JELD-WEN has a consensus rating of “Hold” and a consensus target price of $15.90.

JELD-WEN Company Profile

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.