Analysts expect Jeld-Wen Holding Inc (NYSE:JELD) to post $1.10 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Jeld-Wen’s earnings, with the highest sales estimate coming in at $1.12 billion and the lowest estimate coming in at $1.07 billion. Jeld-Wen reported sales of $976.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.7%. The business is expected to announce its next earnings results on Wednesday, February 20th.
On average, analysts expect that Jeld-Wen will report full year sales of $4.35 billion for the current fiscal year, with estimates ranging from $4.33 billion to $4.37 billion. For the next year, analysts anticipate that the company will report sales of $4.54 billion, with estimates ranging from $4.48 billion to $4.62 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Jeld-Wen.
Jeld-Wen (NYSE:JELD) last issued its earnings results on Tuesday, November 6th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Jeld-Wen had a net margin of 0.26% and a return on equity of 19.06%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year.
A number of analysts have weighed in on the company. Bank of America cut Jeld-Wen from a “neutral” rating to an “underperform” rating and set a $29.00 price target on the stock. in a research report on Wednesday, August 8th. Barclays lowered their price target on Jeld-Wen from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 8th. B. Riley lowered their price target on Jeld-Wen from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 8th. Credit Suisse Group lowered their price target on Jeld-Wen from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 8th. Finally, Macquarie assumed coverage on Jeld-Wen in a research report on Wednesday, September 26th. They issued a “buy” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.07.
Shares of NYSE:JELD opened at $19.06 on Monday. Jeld-Wen has a fifty-two week low of $15.04 and a fifty-two week high of $42.27. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.98 and a beta of 2.70. The company has a current ratio of 1.75, a quick ratio of 1.06 and a debt-to-equity ratio of 1.89.
In other news, EVP Peter Maxwell sold 4,982 shares of the stock in a transaction 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 sale, the executive vice president now owns 17,136 shares in the company, valued at $448,277.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.55% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC grew its holdings in shares of Jeld-Wen by 55.0% during the third quarter. MetLife Investment Advisors LLC now owns 48,877 shares of the company’s stock worth $1,205,000 after purchasing an additional 17,340 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Jeld-Wen during the third quarter worth $442,000. Hound Partners LLC grew its holdings in shares of Jeld-Wen by 9.9% during the third quarter. Hound Partners LLC now owns 8,218,358 shares of the company’s stock worth $202,665,000 after purchasing an additional 737,178 shares during the last quarter. Channing Capital Management LLC grew its holdings in shares of Jeld-Wen by 583.4% during the third quarter. Channing Capital Management LLC now owns 1,966,637 shares of the company’s stock worth $48,497,000 after purchasing an additional 1,678,868 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Jeld-Wen by 19.3% during the third quarter. Franklin Resources Inc. now owns 103,359 shares of the company’s stock worth $2,549,000 after purchasing an additional 16,724 shares during the last quarter. Institutional investors own 66.08% of the company’s stock.
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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