JELD-WEN (NYSE:JELD) Issues Earnings Results, Misses Estimates By $0.20 EPS

JELD-WEN (NYSE:JELD) announced its quarterly earnings data on Monday. The company reported ($0.13) 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 analysts’ expectations 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 stock traded down $0.73 during trading hours on Wednesday, reaching $6.02. 977,924 shares of the company’s stock were exchanged, compared to its average volume of 797,215. JELD-WEN has a 1 year low of $5.98 and a 1 year high of $21.75. The company has a market cap of $508.99 million, a P/E ratio of -3.29 and a beta of 2.17. The company’s 50 day moving average is $8.91 and its two-hundred day moving average is $11.95. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 110,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of $7.65 per share, with a total value of $841,500.00. Following the transaction, the insider now owns 12,259,784 shares of the company’s stock, valued at $93,787,347.60. This represents a 0.91 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought 310,000 shares of company stock valued at $2,463,500 in the last ninety days. Corporate insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on JELD. Royal Bank of Canada cut their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. The Goldman Sachs Group cut their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group lowered their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday. B. Riley lowered their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Barclays lowered their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.44.

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.