JELD-WEN (NYSE:JELD) Announces Earnings Results, Misses Expectations By $0.20 EPS

JELD-WEN (NYSE:JELD) issued its quarterly earnings results on Monday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20), Zacks reports. The business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%.

JELD-WEN Stock Performance

Shares of JELD-WEN stock traded down $0.72 during trading on Wednesday, reaching $6.02. The company’s stock had a trading volume of 621,650 shares, compared to its average volume of 787,850. The business’s 50-day moving average price is $8.91 and its 200-day moving average price is $11.95. The firm has a market cap of $509.16 million, a PE ratio of -3.29 and a beta of 2.17. JELD-WEN has a 52 week low of $6.11 and a 52 week high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JELD. B. Riley decreased their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group cut their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays cut their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. UBS Group cut their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada cut their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.44.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average price of $7.90 per share, with a total value of $987,500.00. Following the completion of the transaction, the insider now directly owns 12,042,190 shares of the company’s stock, valued at $95,133,301. This trade represents a 1.05 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders acquired 310,000 shares of company stock valued at $2,463,500. 1.03% of the stock is owned by company insiders.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.