JELD-WEN (NYSE:JELD) Releases Earnings Results, Misses Estimates By $0.08 EPS

JELD-WEN (NYSE:JELD) issued its earnings results on Monday. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08), Briefing.com reports. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The firm had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. JELD-WEN updated its FY 2024 guidance to EPS.

JELD-WEN Stock Performance

Shares of JELD stock traded up $0.75 on Wednesday, hitting $10.67. 814,006 shares of the stock traded hands, compared to its average volume of 662,461. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The company has a market capitalization of $902.07 million, a PE ratio of -5.59 and a beta of 2.25. JELD-WEN has a 1-year low of $8.90 and a 1-year high of $21.75. The company’s fifty day moving average is $14.79 and its 200 day moving average is $15.05.

Analyst Upgrades and Downgrades

JELD has been the subject of a number of research reports. Royal Bank of Canada reiterated an “underperform” rating and set a $13.00 target price on shares of JELD-WEN in a report on Wednesday, August 7th. Jefferies Financial Group boosted their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays decreased their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday. Loop Capital decreased their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. Finally, The Goldman Sachs Group upped their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.00.

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.