JELD-WEN (NYSE:JELD) Announces Quarterly Earnings Results

JELD-WEN (NYSE:JELD) posted its earnings results on Tuesday. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05, FiscalAI reports. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%. The firm had revenue of $798.50 million during the quarter, compared to the consensus estimate of $804.29 million.

JELD-WEN Trading Down 5.1%

Shares of NYSE JELD traded down $0.07 during trading on Tuesday, reaching $1.21. The company had a trading volume of 950,664 shares, compared to its average volume of 1,727,241. The company’s fifty day moving average price is $1.80 and its 200-day moving average price is $1.76. JELD-WEN has a 12 month low of $0.93 and a 12 month high of $3.33. The stock has a market cap of $104.55 million, a P/E ratio of -0.20 and a beta of 2.23. The company has a quick ratio of 0.98, a current ratio of 1.73 and a debt-to-equity ratio of 97.65.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen raised JELD-WEN from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.00 target price on shares of JELD-WEN in a research report on Thursday, August 6th. UBS Group lifted their target price on shares of JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 29th. Finally, Barclays upped their price target on shares of JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, JELD-WEN currently has a consensus rating of “Reduce” and an average price target of $2.10.

About JELD-WEN

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.