Equities analysts expect that Jeld-Wen Holding Inc (NYSE:JELD) will report sales of $1.12 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Jeld-Wen’s earnings, with the lowest sales estimate coming in at $1.09 billion and the highest estimate coming in at $1.17 billion. Jeld-Wen reported sales of $1.14 billion during the same quarter last year, which would suggest a negative year over year growth rate of 1.8%. The firm is scheduled to report its next earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Jeld-Wen will report full year sales of $4.35 billion for the current year, with estimates ranging from $4.30 billion to $4.47 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.45 billion, with estimates ranging from $4.38 billion to $4.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Jeld-Wen.
Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Jeld-Wen had a return on equity of 19.84% and a net margin of 2.47%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s quarterly revenue was down 4.6% on a year-over-year basis.
Several brokerages recently commented on JELD. Zacks Investment Research cut Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. TheStreet raised Jeld-Wen from a “d+” rating to a “c-” rating in a research report on Monday, July 22nd. B. Riley set a $21.00 price objective on Jeld-Wen and gave the company a “hold” rating in a report on Monday. Finally, Royal Bank of Canada set a $23.00 price objective on Jeld-Wen and gave the company a “hold” rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $21.58.
Several hedge funds and other institutional investors have recently modified their holdings of JELD. Tower Research Capital LLC TRC increased its stake in shares of Jeld-Wen by 208,100.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,082 shares of the company’s stock valued at $44,000 after buying an additional 2,081 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Jeld-Wen in the second quarter valued at $49,000. Point72 Hong Kong Ltd acquired a new stake in shares of Jeld-Wen in the second quarter valued at $58,000. Pearl River Capital LLC acquired a new stake in shares of Jeld-Wen in the first quarter valued at $78,000. Finally, Denali Advisors LLC acquired a new stake in shares of Jeld-Wen in the first quarter valued at $101,000. 61.64% of the stock is owned by institutional investors.
NYSE:JELD traded down $0.34 during mid-day trading on Monday, reaching $17.06. The stock had a trading volume of 17,474 shares, compared to its average volume of 381,611. Jeld-Wen has a fifty-two week low of $13.28 and a fifty-two week high of $26.93. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.96 and a current ratio of 1.66. The company has a 50 day moving average of $20.68. The company has a market cap of $1.73 billion, a PE ratio of 10.67, a P/E/G ratio of 1.04 and a beta of 2.51.
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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