FY2024 EPS Estimates for JELD-WEN Holding, Inc. Reduced by B. Riley (NYSE:JELD)

JELD-WEN Holding, Inc. (NYSE:JELD) – Research analysts at B. Riley cut their FY2024 earnings estimates for JELD-WEN in a note issued to investors on Monday, August 12th. B. Riley analyst A. Rygiel now expects that the company will post earnings per share of $1.42 for the year, down from their previous estimate of $1.55. The consensus estimate for JELD-WEN’s current full-year earnings is $1.19 per share.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. The company had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. JELD-WEN’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share.

Several other equities analysts have also recently weighed in on JELD. Royal Bank of Canada reaffirmed an “underperform” rating and set a $13.00 target price on shares of JELD-WEN in a research note on Wednesday, August 7th. UBS Group dropped their price objective on shares of JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Loop Capital dropped their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Barclays dropped their price objective on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Finally, StockNews.com cut shares of JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.80.

JELD-WEN Stock Performance

JELD opened at $14.08 on Thursday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 61.22 and a beta of 2.28. The company has a fifty day moving average of $14.39 and a 200 day moving average of $16.93. JELD-WEN has a fifty-two week low of $11.02 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.39 and a current ratio of 2.08.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors have recently made changes to their positions in JELD. Innealta Capital LLC bought a new stake in shares of JELD-WEN in the 2nd quarter worth about $30,000. Allspring Global Investments Holdings LLC lifted its holdings in JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after buying an additional 1,922 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in JELD-WEN during the 4th quarter valued at about $47,000. nVerses Capital LLC bought a new stake in JELD-WEN during the 2nd quarter valued at about $92,000. Finally, Quest Partners LLC bought a new stake in JELD-WEN during the 4th quarter valued at about $103,000. Institutional investors own 95.04% of the company’s stock.

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.