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

JELD-WEN (NYSE:JELD) announced its quarterly earnings data on Monday. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20), FiscalAI reports. JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 29.63%. The firm had revenue of $722.10 million during the quarter, compared to the consensus estimate of $721.62 million.

JELD-WEN Trading Down 3.8%

Shares of JELD opened at $1.40 on Tuesday. The business’s 50-day moving average price is $1.43 and its 200-day moving average price is $2.38. JELD-WEN has a twelve month low of $0.93 and a twelve month high of $6.98. The stock has a market cap of $120.40 million, a PE ratio of -0.20 and a beta of 1.88. The company has a quick ratio of 0.99, a current ratio of 1.76 and a debt-to-equity ratio of 12.47.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Zacks Research upgraded JELD-WEN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group lowered their price objective on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $3.35.

Institutional Investors Weigh In On JELD-WEN

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rafferty Asset Management LLC increased its position in shares of JELD-WEN by 21.8% during the second quarter. Rafferty Asset Management LLC now owns 30,048 shares of the company’s stock valued at $118,000 after buying an additional 5,385 shares during the period. Quadrature Capital Ltd increased its position in shares of JELD-WEN by 144.1% during the fourth quarter. Quadrature Capital Ltd now owns 47,563 shares of the company’s stock valued at $117,000 after buying an additional 28,078 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of JELD-WEN during the third quarter valued at about $111,000. Hsbc Holdings PLC increased its position in shares of JELD-WEN by 39.7% during the fourth quarter. Hsbc Holdings PLC now owns 44,218 shares of the company’s stock valued at $109,000 after buying an additional 12,569 shares during the period. Finally, Intech Investment Management LLC increased its position in shares of JELD-WEN by 12.5% during the fourth quarter. Intech Investment Management LLC now owns 37,771 shares of the company’s stock valued at $93,000 after buying an additional 4,195 shares during the period. 95.04% of the stock is currently 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.