Jeld-Wen Holding Inc (NYSE:JELD) – Jefferies Financial Group raised their Q1 2019 earnings per share (EPS) estimates for Jeld-Wen in a research note issued to investors on Wednesday, February 20th. Jefferies Financial Group analyst P. Ng now anticipates that the company will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.20. Jefferies Financial Group also issued estimates for Jeld-Wen’s Q2 2019 earnings at $0.52 EPS.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Royal Bank of Canada set a $21.00 price objective on shares of Jeld-Wen and gave the company a “hold” rating in a research report on Wednesday. Credit Suisse Group set a $18.00 price objective on shares of Jeld-Wen and gave the company a “hold” rating in a research report on Wednesday, November 7th. Wells Fargo & Co lowered their price target on shares of Jeld-Wen from $29.00 to $19.00 and set a “market perform” rating for the company in a report on Wednesday, November 7th. Finally, B. Riley lowered their price target on shares of Jeld-Wen from $30.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, November 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.13.
JELD stock opened at $21.47 on Thursday. Jeld-Wen has a fifty-two week low of $13.28 and a fifty-two week high of $35.70. The firm has a market cap of $2.22 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 1.00 and a beta of 2.84. The company has a quick ratio of 1.06, a current ratio of 1.75 and a debt-to-equity ratio of 1.89.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings data on Tuesday, February 19th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. Jeld-Wen had a net margin of 3.32% and a return on equity of 20.71%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Southpoint Capital Advisors LP acquired a new position in Jeld-Wen during the third quarter valued at approximately $24,660,000. Bank of New York Mellon Corp grew its holdings in shares of Jeld-Wen by 49.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 521,243 shares of the company’s stock valued at $12,854,000 after buying an additional 171,513 shares during the period. Skyline Asset Management LP grew its holdings in shares of Jeld-Wen by 46.2% in the 4th quarter. Skyline Asset Management LP now owns 686,800 shares of the company’s stock valued at $9,759,000 after buying an additional 217,102 shares during the period. Pzena Investment Management LLC grew its holdings in shares of Jeld-Wen by 1.1% in the 3rd quarter. Pzena Investment Management LLC now owns 6,868,438 shares of the company’s stock valued at $169,376,000 after buying an additional 76,185 shares during the period. Finally, Channing Capital Management LLC grew its holdings in shares of Jeld-Wen by 583.4% in the 3rd quarter. Channing Capital Management LLC now owns 1,966,637 shares of the company’s stock valued at $48,497,000 after buying an additional 1,678,868 shares during the period. 60.97% of the stock is owned by hedge funds and other institutional investors.
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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