Janus International Group (NYSE:JBI) Releases Earnings Results, Misses Estimates By $0.09 EPS

Janus International Group (NYSE:JBI) issued its earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09), Briefing.com reports. The firm had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. The company’s quarterly revenue was down 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. Janus International Group updated its FY 2024 guidance to EPS.

Janus International Group Price Performance

Shares of JBI traded down $2.99 during mid-day trading on Tuesday, hitting $7.32. 2,622,068 shares of the stock were exchanged, compared to its average volume of 1,906,610. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. The company has a market cap of $1.07 billion, a PE ratio of 10.85 and a beta of 0.88. Janus International Group has a 52-week low of $6.68 and a 52-week high of $15.86. The firm has a 50-day moving average of $10.25 and a two-hundred day moving average of $12.29.

Analyst Ratings Changes

A number of research firms have recently weighed in on JBI. Wolfe Research lowered Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. UBS Group dropped their price target on Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. KeyCorp reduced their price objective on shares of Janus International Group from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Benchmark dropped their target price on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Jefferies Financial Group cut their target price on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Janus International Group has an average rating of “Moderate Buy” and an average price target of $12.75.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.