Wall Street brokerages forecast that Jeld-Wen Holding Inc (NYSE:JELD) will post sales of $1.11 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Jeld-Wen’s earnings. The lowest sales estimate is $1.08 billion and the highest is $1.12 billion. Jeld-Wen reported sales of $976.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.7%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that Jeld-Wen will report full year sales of $4.36 billion for the current financial year, with estimates ranging from $4.34 billion to $4.40 billion. For the next financial year, analysts expect that the company will post sales of $4.57 billion, with estimates ranging from $4.51 billion to $4.62 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Jeld-Wen.
Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Jeld-Wen had a return on equity of 18.86% and a net margin of 0.26%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS.
JELD has been the subject of a number of recent analyst reports. Bank of America lowered Jeld-Wen from a “neutral” rating to an “underperform” rating and set a $29.00 price objective for the company. in a research note on Wednesday, August 8th. Barclays dropped their price objective on Jeld-Wen from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, August 8th. Credit Suisse Group dropped their price objective on Jeld-Wen from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, August 8th. B. Riley dropped their price objective on Jeld-Wen from $37.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, August 8th. Finally, Citigroup dropped their price objective on Jeld-Wen from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Jeld-Wen presently has a consensus rating of “Hold” and a consensus price target of $25.07.
NYSE JELD opened at $18.00 on Friday. The stock has a market capitalization of $1.79 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.60 and a beta of 2.70. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.03 and a quick ratio of 1.21. Jeld-Wen has a twelve month low of $15.04 and a twelve month high of $42.27.
In related news, EVP Peter Maxwell sold 4,982 shares of the stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total transaction of $130,329.12. Following the completion of the transaction, the executive vice president now directly owns 17,136 shares of the company’s stock, valued at $448,277.76. The sale was disclosed in a filing with the SEC, which is available through this link. 4.55% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in JELD. California Public Employees Retirement System boosted its stake in Jeld-Wen by 140.9% during the first quarter. California Public Employees Retirement System now owns 33,000 shares of the company’s stock valued at $1,010,000 after buying an additional 19,300 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Jeld-Wen in the 1st quarter valued at approximately $15,085,000. DnB Asset Management AS bought a new stake in shares of Jeld-Wen in the 2nd quarter valued at approximately $1,246,000. Xact Kapitalforvaltning AB lifted its stake in shares of Jeld-Wen by 23.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,600 shares of the company’s stock valued at $417,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in shares of Jeld-Wen by 32.8% in the 2nd quarter. Peregrine Capital Management LLC now owns 570,427 shares of the company’s stock valued at $16,309,000 after purchasing an additional 140,976 shares during the last quarter. 63.76% of the stock is owned by institutional investors.
Jeld-Wen Company Profile
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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