Jeld-Wen Holding Inc (NYSE:JELD) – Research analysts at SunTrust Banks dropped their FY2019 earnings per share (EPS) estimates for Jeld-Wen in a research report issued on Wednesday, November 6th. SunTrust Banks analyst K. Hughes now forecasts that the company will earn $1.26 per share for the year, down from their previous forecast of $1.38. SunTrust Banks also issued estimates for Jeld-Wen’s Q2 2020 earnings at $0.49 EPS and Q4 2020 earnings at $0.38 EPS.
Other analysts also recently issued research reports about the stock. Bank of America reaffirmed a “sell” rating and set a $18.00 price target on shares of Jeld-Wen in a report on Monday, August 26th. Royal Bank of Canada dropped their price target on shares of Jeld-Wen from $20.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, October 14th. ValuEngine downgraded shares of Jeld-Wen from a “hold” rating to a “sell” rating in a report on Thursday. B. Riley dropped their price target on shares of Jeld-Wen from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Finally, TheStreet raised shares of Jeld-Wen from a “d+” rating to a “c-” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.11.
Jeld-Wen (NYSE:JELD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.12). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Jeld-Wen had a net margin of 2.47% and a return on equity of 19.84%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of JELD. Nuveen Asset Management LLC purchased a new position in shares of Jeld-Wen in the second quarter worth approximately $12,152,000. Morgan Stanley boosted its holdings in shares of Jeld-Wen by 750.1% in the second quarter. Morgan Stanley now owns 220,455 shares of the company’s stock worth $4,680,000 after buying an additional 194,521 shares during the last quarter. Southpoint Capital Advisors LP boosted its holdings in shares of Jeld-Wen by 7.3% in the second quarter. Southpoint Capital Advisors LP now owns 2,682,700 shares of the company’s stock worth $56,954,000 after buying an additional 182,700 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Jeld-Wen by 99.8% in the second quarter. Renaissance Technologies LLC now owns 225,600 shares of the company’s stock worth $4,789,000 after buying an additional 112,700 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Jeld-Wen in the third quarter worth approximately $2,081,000. 59.45% of the stock is currently owned by institutional investors.
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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