JELD-WEN (NYSE:JELD) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

JELD-WEN (NYSE:JELD) posted its earnings results on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03, FiscalAI reports. The company had revenue of $817.84 million during the quarter, compared to analysts’ expectations of $792.64 million. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 164.61%.

JELD-WEN Stock Down 2.2%

NYSE JELD traded down $0.04 during mid-day trading on Wednesday, hitting $1.77. The company’s stock had a trading volume of 1,122,492 shares, compared to its average volume of 1,799,836. The firm has a market capitalization of $152.49 million, a price-to-earnings ratio of -0.30 and a beta of 2.10. The company’s 50 day simple moving average is $1.53 and its 200 day simple moving average is $1.72. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 97.65. JELD-WEN has a twelve month low of $0.93 and a twelve month high of $6.97.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $1.66, for a total value of $32,341.78. Following the transaction, the director directly owned 88,158 shares of the company’s stock, valued at approximately $146,342.28. This trade represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.87% of the company’s stock.

Institutional Trading of JELD-WEN

Several institutional investors have recently made changes to their positions in the company. One Fin Capital Management LP purchased a new stake in JELD-WEN during the fourth quarter worth about $4,920,000. Arrowstreet Capital Limited Partnership purchased a new stake in JELD-WEN in the third quarter worth $9,730,000. Millennium Management LLC increased its position in JELD-WEN by 76.2% in the third quarter. Millennium Management LLC now owns 2,673,994 shares of the company’s stock worth $13,129,000 after buying an additional 1,156,751 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of JELD-WEN by 45.6% in the fourth quarter. Federated Hermes Inc. now owns 3,338,835 shares of the company’s stock valued at $8,214,000 after buying an additional 1,045,273 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of JELD-WEN by 23.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,429,498 shares of the company’s stock valued at $10,897,000 after buying an additional 840,034 shares during the period. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of JELD-WEN from $1.75 to $1.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Wall Street Zen downgraded shares of JELD-WEN from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. UBS Group reduced their price objective on shares of JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. Finally, Barclays boosted their price target on JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $1.92.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.