Wall Street brokerages expect that Jeld-Wen Holding Inc (NYSE:JELD) will post $998.24 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Jeld-Wen’s earnings. The highest sales estimate is $1.01 billion and the lowest is $982.70 million. The company is expected to announce its next earnings results before the market opens on Wednesday, February 21st.
On average, analysts expect that Jeld-Wen will report full year sales of $998.24 million for the current financial year, with estimates ranging from $3.77 billion to $3.80 billion. For the next year, analysts anticipate that the business will report sales of $4.07 billion per share, with estimates ranging from $4.00 billion to $4.20 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Jeld-Wen.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Jeld-Wen from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Monday, October 23rd. Barclays boosted their target price on Jeld-Wen from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. B. Riley boosted their target price on Jeld-Wen from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Robert W. Baird reissued a “buy” rating and issued a $46.00 target price on shares of Jeld-Wen in a research note on Tuesday, January 9th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $47.00 target price (up previously from $41.00) on shares of Jeld-Wen in a research note on Monday, January 22nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.47.
In related news, Chairman Kirk S. Hachigian sold 156,029 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the transaction, the chairman now owns 413,930 shares in the company, valued at approximately $13,552,068.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Corp Onex sold 14,211,736 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.74, for a total value of $465,292,236.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,375,000 shares of company stock worth $470,637,500.
A number of large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its holdings in Jeld-Wen by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 22,940 shares of the company’s stock valued at $745,000 after purchasing an additional 174 shares during the period. California Public Employees Retirement System increased its holdings in Jeld-Wen by 15.8% during the 3rd quarter. California Public Employees Retirement System now owns 11,000 shares of the company’s stock valued at $391,000 after purchasing an additional 1,500 shares during the period. Russell Investments Group Ltd. increased its holdings in Jeld-Wen by 24.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 10,741 shares of the company’s stock valued at $382,000 after purchasing an additional 2,114 shares during the period. Amalgamated Bank increased its holdings in Jeld-Wen by 31.2% during the 4th quarter. Amalgamated Bank now owns 9,174 shares of the company’s stock valued at $361,000 after purchasing an additional 2,184 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Jeld-Wen by 331.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock valued at $139,000 after purchasing an additional 2,706 shares during the period. Institutional investors own 41.46% of the company’s stock.
Shares of Jeld-Wen (JELD) opened at $37.55 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.93 and a quick ratio of 1.28. Jeld-Wen has a 52 week low of $27.61 and a 52 week high of $42.27.
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JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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