Jeld-Wen (NYSE:JELD) issued its quarterly earnings results on Tuesday. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.12), MarketWatch Earnings reports. Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Jeld-Wen updated its FY 2018 guidance to EPS.
NYSE JELD traded down $0.99 during midday trading on Wednesday, hitting $16.05. 28,395 shares of the company traded hands, compared to its average volume of 1,371,655. The company has a current ratio of 2.03, a quick ratio of 1.21 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $1.79 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 0.60 and a beta of 2.70. Jeld-Wen has a 52 week low of $15.04 and a 52 week high of $42.27.
JELD has been the topic of several recent analyst reports. Zacks Investment Research downgraded Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Bank of America downgraded Jeld-Wen from a “neutral” rating to an “underperform” rating and set a $29.00 price target on the stock. in a report on Wednesday, August 8th. Barclays dropped their price objective on Jeld-Wen from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 8th. Credit Suisse Group dropped their price objective on Jeld-Wen from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 8th. Finally, B. Riley dropped their price objective on Jeld-Wen from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 8th. Two 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 company presently has a consensus rating of “Hold” and a consensus price target of $26.60.
A number of hedge funds and other institutional investors have recently made changes to their positions in JELD. California Public Employees Retirement System boosted its position in Jeld-Wen by 140.9% during the 1st quarter. California Public Employees Retirement System now owns 33,000 shares of the company’s stock valued at $1,010,000 after acquiring an additional 19,300 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Jeld-Wen during the 1st quarter valued at $15,085,000. Xact Kapitalforvaltning AB lifted its holdings in shares of Jeld-Wen by 78.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,800 shares of the company’s stock valued at $361,000 after purchasing an additional 5,200 shares during the last quarter. DnB Asset Management AS purchased a new stake in shares of Jeld-Wen during the 2nd quarter valued at $1,246,000. Finally, Peregrine Capital Management LLC lifted its holdings in shares of Jeld-Wen by 32.8% during the 2nd quarter. Peregrine Capital Management LLC now owns 570,427 shares of the company’s stock valued at $16,309,000 after purchasing an additional 140,976 shares during the last quarter. 63.76% of the stock is currently owned by institutional investors and hedge funds.
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Jeld-Wen Company Profile
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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