Janus International Group, Inc. (NYSE:JBI – Get Free Report) reached a new 52-week low on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $4.26 and last traded at $4.55, with a volume of 390532 shares trading hands. The stock had previously closed at $5.08.
The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Janus International Group had a net margin of 6.08% and a return on equity of 15.26%. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year.
Analyst Ratings Changes
A number of research firms recently issued reports on JBI. Wall Street Zen downgraded Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a report on Friday, March 27th. Finally, KeyCorp cut their target price on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Janus International Group presently has an average rating of “Hold” and a consensus target price of $9.17.
Institutional Investors Weigh In On Janus International Group
Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in Janus International Group by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company’s stock valued at $21,657,000 after buying an additional 474,205 shares during the last quarter. Sanctuary Advisors LLC raised its position in Janus International Group by 902.4% during the 1st quarter. Sanctuary Advisors LLC now owns 109,427 shares of the company’s stock worth $564,000 after buying an additional 98,511 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Janus International Group by 60.1% in the 1st quarter. Principal Financial Group Inc. now owns 215,143 shares of the company’s stock worth $1,108,000 after acquiring an additional 80,794 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Janus International Group in the first quarter valued at about $1,301,000. Finally, ARGA Investment Management LP purchased a new stake in shares of Janus International Group in the first quarter valued at about $178,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.
Janus International Group Trading Down 8.2%
The firm has a market capitalization of $647.77 million, a price-to-earnings ratio of 11.95 and a beta of 1.49. The business’s 50 day moving average price is $5.43 and its 200-day moving average price is $6.50. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.54 and a quick ratio of 3.04.
About Janus International Group
Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.
Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.
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