Wall Street analysts predict that Jeld-Wen Holding Inc (NYSE:JELD) will report earnings per share of $0.41 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Jeld-Wen’s earnings, with estimates ranging from $0.32 to $0.48. Jeld-Wen posted earnings per share of $0.26 in the same quarter last year, which indicates a positive year over year growth rate of 57.7%. The company is scheduled to issue its next earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that Jeld-Wen will report full-year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.45. For the next fiscal year, analysts forecast that the business will post earnings of $1.67 per share, with EPS estimates ranging from $1.33 to $1.82. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Jeld-Wen.
Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.29. Jeld-Wen had a net margin of 1.15% and a return on equity of 14.02%. The firm had revenue of $992.30 million during the quarter, compared to analysts’ expectations of $974.53 million. During the same period last year, the business earned $0.45 earnings per share. Jeld-Wen’s revenue was down 11.3% compared to the same quarter last year.
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Jeld-Wen from $12.00 to $18.00 in a research report on Friday, July 10th. Zacks Investment Research upgraded shares of Jeld-Wen from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, July 8th. Royal Bank of Canada upgraded shares of Jeld-Wen from an “underperform” rating to a “sector perform” rating and set a $20.00 price objective for the company in a research report on Wednesday, August 5th. Benchmark lowered shares of Jeld-Wen from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Credit Suisse Group assumed coverage on shares of Jeld-Wen in a research note on Wednesday, May 27th. They set an “underperform” rating and a $10.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Jeld-Wen currently has a consensus rating of “Hold” and a consensus target price of $17.96.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in Jeld-Wen by 61.6% in the first quarter. Wells Fargo & Company MN now owns 196,623 shares of the company’s stock worth $1,913,000 after acquiring an additional 74,938 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Jeld-Wen by 11.9% in the first quarter. Nuveen Asset Management LLC now owns 332,261 shares of the company’s stock worth $3,233,000 after acquiring an additional 35,245 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Jeld-Wen by 45.9% in the first quarter. Russell Investments Group Ltd. now owns 19,040 shares of the company’s stock worth $185,000 after acquiring an additional 5,989 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Jeld-Wen by 77.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,626 shares of the company’s stock worth $356,000 after acquiring an additional 15,956 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Jeld-Wen by 58.8% in the first quarter. AQR Capital Management LLC now owns 162,538 shares of the company’s stock worth $1,581,000 after acquiring an additional 60,188 shares during the last quarter. 60.98% of the stock is owned by institutional investors and hedge funds.
Jeld-Wen stock traded down $0.24 during midday trading on Tuesday, hitting $20.47. 608,500 shares of the stock were exchanged, compared to its average volume of 519,708. Jeld-Wen has a fifty-two week low of $6.06 and a fifty-two week high of $27.00. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 0.78 and a beta of 2.82. The stock’s 50-day simple moving average is $21.09 and its 200 day simple moving average is $15.93. The company has a current ratio of 1.94, a quick ratio of 1.29 and a debt-to-equity ratio of 2.24.
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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