Jeld-Wen (JELD) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Jeld-Wen (NYSE:JELD) announced its quarterly earnings data on Wednesday. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.16), Bloomberg Earnings reports. The company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1 billion. Jeld-Wen had a net margin of 9.12% and a return on equity of 58.83%. The business’s revenue for the quarter was up .3% on a year-over-year basis.

Jeld-Wen (NYSE:JELD) opened at $37.64 on Wednesday. Jeld-Wen has a 1-year low of $27.61 and a 1-year high of $42.27. The company has a quick ratio of 1.28, a current ratio of 1.93 and a debt-to-equity ratio of 1.40.

A number of institutional investors have recently bought and sold shares of JELD. Ameriprise Financial Inc. grew its holdings in Jeld-Wen by 189.6% during the second quarter. Ameriprise Financial Inc. now owns 30,700 shares of the company’s stock worth $997,000 after purchasing an additional 20,100 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in Jeld-Wen during the second quarter worth approximately $583,000. Northern Trust Corp lifted its position in Jeld-Wen by 524.0% during the second quarter. Northern Trust Corp now owns 332,121 shares of the company’s stock worth $10,781,000 after acquiring an additional 278,894 shares during the last quarter. Vanguard Group Inc. lifted its position in Jeld-Wen by 40.7% during the second quarter. Vanguard Group Inc. now owns 3,126,737 shares of the company’s stock worth $101,493,000 after acquiring an additional 904,908 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new stake in Jeld-Wen during the second quarter worth approximately $374,000. Institutional investors and hedge funds own 48.49% of the company’s stock.

Several equities analysts have recently weighed in on the company. Robert W. Baird restated a “buy” rating and issued a $46.00 price objective on shares of Jeld-Wen in a report on Tuesday, January 9th. Barclays set a $44.00 price objective on Jeld-Wen and gave the company a “buy” rating in a report on Monday, January 8th. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, January 23rd. Credit Suisse Group restated an “outperform” rating and issued a $47.00 price objective (up previously from $41.00) on shares of Jeld-Wen in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Citigroup set a $40.00 price objective on Jeld-Wen and gave the company a “neutral” rating in a report on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.47.

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Jeld-Wen Company Profile

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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