Jeld-Wen Holding Inc to Post Q1 2018 Earnings of $0.25 Per Share, SunTrust Banks Forecasts (JELD)
Jeld-Wen Holding Inc (NYSE:JELD) – Research analysts at SunTrust Banks decreased their Q1 2018 earnings estimates for Jeld-Wen in a research note issued on Wednesday. SunTrust Banks analyst K. Hughes now forecasts that the company will earn $0.25 per share for the quarter, down from their previous forecast of $0.32. SunTrust Banks also issued estimates for Jeld-Wen’s Q2 2018 earnings at $0.70 EPS and Q3 2018 earnings at $0.79 EPS.
A number of other research firms have also recently commented on JELD. Bank of America restated a “buy” rating and set a $41.00 target price (down from $44.00) on shares of Jeld-Wen in a research report on Thursday, February 22nd. Zacks Investment Research cut Jeld-Wen from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 23rd. Credit Suisse Group cut Jeld-Wen from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. Royal Bank of Canada set a $39.00 target price on Jeld-Wen and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays raised their target price on Jeld-Wen from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $39.00.
Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.15). Jeld-Wen had a net margin of 0.29% and a return on equity of 18.71%. The company had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $1 billion. The company’s quarterly revenue was up .3% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of JELD. California Public Employees Retirement System boosted its holdings in shares of Jeld-Wen by 15.8% during the 3rd quarter. California Public Employees Retirement System now owns 11,000 shares of the company’s stock worth $391,000 after purchasing an additional 1,500 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Jeld-Wen by 24.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 10,741 shares of the company’s stock worth $382,000 after purchasing an additional 2,114 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Jeld-Wen by 31.2% during the 4th quarter. Amalgamated Bank now owns 9,174 shares of the company’s stock worth $361,000 after purchasing an additional 2,184 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Jeld-Wen by 331.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock worth $139,000 after purchasing an additional 2,706 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its holdings in shares of Jeld-Wen by 0.6% during the 4th quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock worth $17,709,000 after purchasing an additional 2,826 shares during the last quarter. Institutional investors own 48.49% of the company’s stock.
In other news, Director Patrick Wright Tolbert acquired 2,860 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $30.88 per share, for a total transaction of $88,316.80. Following the acquisition, the director now owns 4,343 shares in the company, valued at approximately $134,111.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
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Jeld-Wen Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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