Jeld-Wen Holding Inc (NYSE:JELD) – Equities researchers at Gabelli dropped their FY2020 earnings estimates for shares of Jeld-Wen in a note issued to investors on Wednesday, November 7th. Gabelli analyst A. Lacayo now anticipates that the company will post earnings per share of $2.20 for the year, down from their previous estimate of $2.30. Gabelli also issued estimates for Jeld-Wen’s FY2021 earnings at $2.55 EPS and FY2022 earnings at $2.70 EPS.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Jeld-Wen had a return on equity of 18.86% and a net margin of 0.26%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS.

Several other equities analysts have also issued reports on JELD. Zacks Investment Research raised shares of Jeld-Wen from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 10th. Royal Bank of Canada set a $28.00 price target on shares of Jeld-Wen and gave the stock a “buy” rating in a report on Monday, October 8th. Wells Fargo & Co cut their price target on shares of Jeld-Wen from $29.00 to $19.00 and set a “market perform” rating on the stock in a report on Wednesday. Credit Suisse Group set a $18.00 price target on shares of Jeld-Wen and gave the stock a “hold” rating in a report on Wednesday. Finally, Barclays cut their price target on shares of Jeld-Wen from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.07.

Shares of NYSE:JELD opened at $18.00 on Friday. The company has a market capitalization of $1.78 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 0.61 and a beta of 2.70. Jeld-Wen has a 52 week low of $15.04 and a 52 week high of $42.27. The company has a quick ratio of 1.21, a current ratio of 2.03 and a debt-to-equity ratio of 1.91.

In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of Jeld-Wen stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total value of $130,329.12. Following the transaction, the executive vice president now directly owns 17,136 shares of the company’s stock, valued at $448,277.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.55% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in JELD. Pzena Investment Management LLC grew its holdings in shares of Jeld-Wen by 19.6% during the second quarter. Pzena Investment Management LLC now owns 6,792,253 shares of the company’s stock valued at $194,191,000 after buying an additional 1,112,746 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Jeld-Wen during the first quarter valued at $15,085,000. IMS Capital Management grew its holdings in shares of Jeld-Wen by 33.0% during the second quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock valued at $54,859,000 after buying an additional 475,707 shares during the last quarter. Davidson Kempner Capital Management LP grew its holdings in shares of Jeld-Wen by 146.2% during the second quarter. Davidson Kempner Capital Management LP now owns 800,000 shares of the company’s stock valued at $22,872,000 after buying an additional 475,000 shares during the last quarter. Finally, North Fourth Asset Management LP purchased a new stake in shares of Jeld-Wen during the second quarter valued at $8,405,000. 63.76% of the stock is currently owned by hedge funds and other institutional investors.

About Jeld-Wen

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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Earnings History and Estimates for Jeld-Wen (NYSE:JELD)

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