Equities research analysts predict that Jeld-Wen Holding Inc (NYSE:JELD) will announce earnings per share (EPS) of $0.47 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Jeld-Wen’s earnings, with estimates ranging from $0.41 to $0.56. Jeld-Wen posted earnings of $0.40 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The firm is expected to report its next earnings report on Tuesday, November 5th.
On average, analysts expect that Jeld-Wen will report full year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.44 to $1.69. For the next year, analysts anticipate that the company will report earnings of $1.85 per share, with EPS estimates ranging from $1.65 to $2.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Jeld-Wen.
Jeld-Wen (NYSE:JELD) last released its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). Jeld-Wen had a return on equity of 19.84% and a net margin of 2.47%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the business earned $0.45 earnings per share. The business’s quarterly revenue was down 4.6% compared to the same quarter last year.
JELD has been the subject of a number of recent research reports. Royal Bank of Canada set a $23.00 target price on Jeld-Wen and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research downgraded Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. TheStreet raised Jeld-Wen from a “d+” rating to a “c-” rating in a research report on Monday, July 22nd. Finally, B. Riley set a $21.00 target price on Jeld-Wen and gave the stock a “hold” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Jeld-Wen has a consensus rating of “Hold” and a consensus target price of $21.58.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Jeld-Wen by 208,100.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,082 shares of the company’s stock valued at $44,000 after purchasing an additional 2,081 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Jeld-Wen during the second quarter worth about $49,000. Point72 Hong Kong Ltd bought a new stake in Jeld-Wen during the second quarter worth about $58,000. Pearl River Capital LLC bought a new stake in Jeld-Wen during the first quarter worth about $78,000. Finally, Aperio Group LLC bought a new stake in Jeld-Wen during the second quarter worth about $117,000. Institutional investors own 61.64% of the company’s stock.
NYSE:JELD traded down $0.34 during trading hours on Friday, reaching $17.06. The stock had a trading volume of 17,474 shares, compared to its average volume of 381,611. The company has a current ratio of 1.66, a quick ratio of 0.96 and a debt-to-equity ratio of 2.11. The stock has a 50 day moving average of $20.68. Jeld-Wen has a 12-month low of $13.28 and a 12-month high of $26.93. The firm has a market capitalization of $1.73 billion, a PE ratio of 10.67, a P/E/G ratio of 1.04 and a beta of 2.51.
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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