JELD-WEN (NYSE:JELD) Announces Quarterly Earnings Results

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 firm had revenue of $895.70 million during the quarter, compared to analysts’ expectations 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 Down 11.4 %

JELD-WEN stock traded down $0.77 during midday trading on Wednesday, hitting $5.97. 1,260,778 shares of the company’s stock were exchanged, compared to its average volume of 806,749. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The company has a market cap of $505.52 million, a PE ratio of -3.28 and a beta of 2.17. The firm has a 50-day moving average of $8.91 and a two-hundred day moving average of $11.95. JELD-WEN has a 12 month low of $5.94 and a 12 month high of $21.75.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of $7.65 per share, with a total value of $841,500.00. Following the transaction, the insider now directly owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 310,000 shares of company stock worth $2,463,500. 1.03% of the stock is currently owned by corporate 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.