JELD-WEN (NYSE:JELD) Issues Earnings Results, Misses Estimates By $0.19 EPS

JELD-WEN (NYSE:JELD) posted its quarterly earnings results on Tuesday. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19), FiscalAI reports. The firm had revenue of $802.00 million for the quarter, compared to analysts’ expectations of $747.20 million. JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 24.19%.

JELD-WEN Trading Up 17.3%

JELD opened at $2.46 on Thursday. The stock has a market capitalization of $210.41 million, a PE ratio of -0.34 and a beta of 1.74. The company has a debt-to-equity ratio of 10.14, a current ratio of 1.76 and a quick ratio of 1.01. JELD-WEN has a 12-month low of $1.70 and a 12-month high of $6.97. The firm’s fifty day moving average price is $2.67 and its 200 day moving average price is $3.87.

Analyst Upgrades and Downgrades

JELD has been the subject of several research reports. Zacks Research upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $3.75 to $3.25 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Jefferies Financial Group raised their price objective on JELD-WEN from $2.25 to $2.60 and gave the company a “hold” rating in a research report on Monday, December 15th. Wall Street Zen cut JELD-WEN from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a research note on Monday, December 29th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $3.35.

Institutional Trading of JELD-WEN

Several hedge funds and other institutional investors have recently bought and sold shares of JELD. Royal Bank of Canada grew its position in shares of JELD-WEN by 66.1% in the 1st quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock worth $321,000 after acquiring an additional 21,346 shares in the last quarter. AQR Capital Management LLC boosted its holdings in JELD-WEN by 37.5% in the first quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock worth $2,244,000 after purchasing an additional 102,543 shares during the period. Millennium Management LLC increased its stake in JELD-WEN by 42.7% during the first quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock valued at $5,390,000 after purchasing an additional 270,226 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of JELD-WEN by 3.1% during the first quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock worth $2,642,000 after purchasing an additional 13,115 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of JELD-WEN by 82.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock worth $2,367,000 after buying an additional 179,615 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.