Analysts expect JELD-WEN Holding, Inc. (NYSE:JELD) to post sales of $1.16 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for JELD-WEN’s earnings, with the lowest sales estimate coming in at $1.13 billion and the highest estimate coming in at $1.18 billion. JELD-WEN posted sales of $948.70 million during the same quarter last year, which suggests a positive year over year growth rate of 22.3%. The business is expected to report its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that JELD-WEN will report full year sales of $4.42 billion for the current year, with estimates ranging from $4.39 billion to $4.46 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.68 billion per share, with estimates ranging from $4.59 billion to $4.78 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow JELD-WEN.
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JELD-WEN (NYSE:JELD) last issued its earnings results on Tuesday, May 8th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The business had revenue of $946.20 million for the quarter, compared to analysts’ expectations of $908.71 million. JELD-WEN had a return on equity of 21.18% and a net margin of 1.16%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS.
Several brokerages have recently weighed in on JELD. Bank of America cut JELD-WEN from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Monday, May 14th. Zacks Investment Research lowered shares of JELD-WEN from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Barclays set a $37.00 price target on shares of JELD-WEN and gave the company a “buy” rating in a research report on Tuesday, May 8th. Jefferies Group began coverage on shares of JELD-WEN in a research report on Tuesday, April 17th. They set a “hold” rating and a $32.00 price target on the stock. Finally, Deutsche Bank lowered shares of JELD-WEN from a “buy” rating to a “hold” rating and reduced their price target for the company from $42.27 to $36.00 in a research report on Thursday, March 22nd. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $37.64.
In other JELD-WEN news, Vice Chairman Roderick Wendt sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $32.17, for a total value of $965,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patrick Wright Tolbert bought 2,860 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $30.88 per share, for a total transaction of $88,316.80. Following the transaction, the director now owns 4,343 shares of the company’s stock, valued at $134,111.84. The disclosure for this purchase can be found here. 4.55% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in shares of JELD-WEN by 337.3% during the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock worth $114,000 after acquiring an additional 2,924 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of JELD-WEN by 331.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock worth $139,000 after acquiring an additional 2,706 shares during the period. Strs Ohio purchased a new stake in shares of JELD-WEN during the fourth quarter worth $149,000. Virtu Financial LLC purchased a new stake in shares of JELD-WEN during the fourth quarter worth $205,000. Finally, First Quadrant L P CA purchased a new stake in shares of JELD-WEN during the fourth quarter worth $219,000. 60.25% of the stock is currently owned by institutional investors.
Shares of JELD-WEN stock traded up $0.82 on Monday, hitting $29.02. 1,492,711 shares of the company were exchanged, compared to its average volume of 812,556. The stock has a market cap of $3.00 billion, a P/E ratio of 19.61, a P/E/G ratio of 0.62 and a beta of 2.43. JELD-WEN has a 1-year low of $26.32 and a 1-year high of $42.27. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.96 and a quick ratio of 1.13.
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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