JELD-WEN Holding, Inc. (JELD) Expected to Post Quarterly Sales of $977.79 Million
Wall Street analysts forecast that JELD-WEN Holding, Inc. (NYSE:JELD) will report $977.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for JELD-WEN Holding’s earnings, with the highest sales estimate coming in at $997.70 million and the lowest estimate coming in at $962.20 million. The firm is expected to report its next quarterly earnings results before the market opens on Friday, August 11th.
According to Zacks, analysts expect that JELD-WEN Holding will report full-year sales of $977.79 million for the current year, with estimates ranging from $3.72 billion to $3.81 billion. For the next financial year, analysts expect that the firm will report sales of $3.91 billion per share, with estimates ranging from $3.87 billion to $3.99 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for JELD-WEN Holding.
Several brokerages have recently weighed in on JELD. Credit Suisse Group began coverage on shares of JELD-WEN Holding in a report on Thursday, June 22nd. They issued an “outperform” rating and a $39.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $37.00 target price on shares of JELD-WEN Holding in a report on Monday, June 19th. Zacks Investment Research downgraded shares of JELD-WEN Holding from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Barclays PLC reaffirmed a “buy” rating and issued a $37.00 target price on shares of JELD-WEN Holding in a report on Friday, May 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $35.00 target price (up previously from $32.00) on shares of JELD-WEN Holding in a report on Thursday, May 11th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $34.38.
In related news, major shareholder Corp Onex sold 2,100,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $29.67, for a total transaction of $62,307,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
A number of institutional investors have recently made changes to their positions in JELD. Legal & General Group Plc acquired a new position in shares of JELD-WEN Holding during the first quarter worth about $130,000. PNC Financial Services Group Inc. acquired a new position in shares of JELD-WEN Holding during the first quarter worth about $138,000. FNY Partners Fund LP acquired a new position in shares of JELD-WEN Holding during the first quarter worth about $197,000. Foresters Investment Management Company Inc. acquired a new position in shares of JELD-WEN Holding during the first quarter worth about $237,000. Finally, Strs Ohio acquired a new position in shares of JELD-WEN Holding during the first quarter worth about $243,000. Institutional investors own 28.23% of the company’s stock.
Shares of JELD-WEN Holding (NYSE:JELD) opened at 31.00 on Friday. The stock’s market capitalization is $3.25 billion. JELD-WEN Holding has a 1-year low of $24.95 and a 1-year high of $34.95. The stock’s 50 day moving average is $32.29 and its 200 day moving average is $31.58.
JELD-WEN Holding 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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