Janus International Group (NYSE:JBI) Announces Quarterly Earnings Results

Janus International Group (NYSE:JBI) released its quarterly earnings data on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03), Zacks reports. Janus International Group had a net margin of 5.29% and a return on equity of 14.38%. The company had revenue of $219.30 million during the quarter, compared to analyst estimates of $225.72 million. During the same quarter in the prior year, the company earned $0.11 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Janus International Group updated its FY 2025 guidance to EPS.

Janus International Group Price Performance

Shares of JBI traded down $0.17 during mid-day trading on Friday, hitting $6.73. The company’s stock had a trading volume of 4,242,809 shares, compared to its average volume of 926,380. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00. Janus International Group has a 1-year low of $5.99 and a 1-year high of $10.80. The firm has a market capitalization of $934.87 million, a P/E ratio of 19.80 and a beta of 1.34. The firm has a 50-day simple moving average of $9.86 and a 200 day simple moving average of $9.04.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JBI. KeyCorp upped their target price on Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. UBS Group reduced their price objective on Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group lifted their target price on shares of Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Janus International Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.17.

Institutional Investors Weigh In On Janus International Group

Several institutional investors have recently made changes to their positions in JBI. BNP Paribas Financial Markets increased its holdings in shares of Janus International Group by 37.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company’s stock valued at $109,000 after purchasing an additional 3,637 shares in the last quarter. M&T Bank Corp grew its position in Janus International Group by 28.5% during the second quarter. M&T Bank Corp now owns 19,331 shares of the company’s stock worth $158,000 after buying an additional 4,289 shares during the period. Russell Investments Group Ltd. increased its holdings in Janus International Group by 771.0% in the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after buying an additional 6,399 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Janus International Group by 23.6% during the 2nd quarter. Quantinno Capital Management LP now owns 34,242 shares of the company’s stock valued at $279,000 after acquiring an additional 6,534 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of Janus International Group by 71.9% in the 2nd quarter. Prudential Financial Inc. now owns 18,150 shares of the company’s stock worth $148,000 after acquiring an additional 7,590 shares during the period. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.