Jeld-Wen Holding Inc (JELD) Expected to Announce Quarterly Sales of $998.57 Million

Brokerages forecast that Jeld-Wen Holding Inc (NYSE:JELD) will post $998.57 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Jeld-Wen’s earnings, with the lowest sales estimate coming in at $982.70 million and the highest estimate coming in at $1.01 billion. The business is scheduled to issue its next earnings report before the market opens on Wednesday, February 21st.

On average, analysts expect that Jeld-Wen will report full-year sales of $998.57 million for the current year, with estimates ranging from $3.77 billion to $3.80 billion. For the next year, analysts forecast that the business will report sales of $4.07 billion per share, with estimates ranging from $4.00 billion to $4.20 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Jeld-Wen.

Jeld-Wen (NYSE:JELD) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $991.40 million for the quarter, compared to analyst estimates of $974.98 million. Jeld-Wen had a return on equity of 58.83% and a net margin of 9.12%. Jeld-Wen’s quarterly revenue was up 6.3% compared to the same quarter last year.

JELD has been the topic of a number of research reports. Zacks Investment Research raised Jeld-Wen from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, October 23rd. Barclays increased their price objective on Jeld-Wen from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. B. Riley increased their price objective on Jeld-Wen from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Robert W. Baird reissued a “buy” rating and issued a $46.00 price objective on shares of Jeld-Wen in a report on Tuesday, January 9th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $47.00 price objective (up from $41.00) on shares of Jeld-Wen in a report on Monday, January 22nd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $38.80.

Jeld-Wen (NYSE:JELD) opened at $39.28 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.28 and a current ratio of 1.93. Jeld-Wen has a 1-year low of $25.86 and a 1-year high of $42.27.

In other Jeld-Wen news, Chairman Kirk S. Hachigian sold 156,029 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $32.74, for a total value of $5,108,389.46. Following the sale, the chairman now directly owns 413,930 shares of the company’s stock, valued at $13,552,068.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Corp Onex sold 12,465,047 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $32.74, for a total value of $408,105,638.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,672,683 shares of company stock worth $1,560,803,641.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Jeld-Wen by 331.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock valued at $139,000 after purchasing an additional 2,706 shares during the period. Bessemer Group Inc. acquired a new stake in Jeld-Wen in the fourth quarter valued at approximately $1,638,000. Mesirow Financial Investment Management Equity Management grew its holdings in Jeld-Wen by 0.7% in the fourth quarter. Mesirow Financial Investment Management Equity Management now owns 404,280 shares of the company’s stock valued at $15,918,000 after purchasing an additional 2,910 shares during the period. Jennison Associates LLC grew its holdings in Jeld-Wen by 134.3% in the fourth quarter. Jennison Associates LLC now owns 1,265,084 shares of the company’s stock valued at $49,806,000 after purchasing an additional 725,186 shares during the period. Finally, Peregrine Capital Management LLC grew its holdings in Jeld-Wen by 0.6% in the fourth quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock valued at $17,709,000 after purchasing an additional 2,826 shares during the period. 40.86% of the stock is currently owned by institutional investors.

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About Jeld-Wen

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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