JELD-WEN (NYSE:JELD) Issues Quarterly Earnings Results

JELD-WEN (NYSE:JELD) released its earnings results on Monday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20), Zacks reports. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million.

JELD-WEN Trading Down 11.3 %

NYSE JELD traded down $0.76 on Wednesday, reaching $5.98. The company had a trading volume of 1,461,197 shares, compared to its average volume of 816,838. The firm has a market cap of $506.03 million, a price-to-earnings ratio of -3.21 and a beta of 2.17. JELD-WEN has a fifty-two week low of $5.94 and a fifty-two week high of $21.75. The business has a 50 day moving average of $8.91 and a two-hundred day moving average of $11.95. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 125,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00. Following the acquisition, the insider now owns 12,042,190 shares in the company, valued at approximately $95,133,301. The trade was a 1.05 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 310,000 shares of company stock worth $2,463,500 over the last three months. Company insiders own 1.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JELD. UBS Group cut their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday. Royal Bank of Canada cut their target price on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday. B. Riley cut their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Barclays dropped their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group dropped their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.06.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.