Janus International Group, Inc. (NYSE:JBI) Expected to Announce Quarterly Sales of $180.22 Million

Brokerages expect that Janus International Group, Inc. (NYSE:JBIGet Rating) will report $180.22 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Janus International Group’s earnings, with estimates ranging from $172.53 million to $187.90 million. Janus International Group reported sales of $152.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.9%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Janus International Group will report full-year sales of $862.73 million for the current fiscal year, with estimates ranging from $860.86 million to $864.60 million. For the next year, analysts anticipate that the business will post sales of $937.57 million, with estimates ranging from $927.10 million to $948.03 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Janus International Group.

Janus International Group (NYSE:JBIGet Rating) last released its earnings results on Tuesday, March 15th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. The firm had revenue of $235.35 million during the quarter, compared to the consensus estimate of $214.92 million. Janus International Group had a return on equity of 42.09% and a net margin of 5.84%.

A number of research firms have recently commented on JBI. Zacks Investment Research raised Janus International Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 12th. Morgan Stanley lowered their price target on Janus International Group from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. Benchmark began coverage on Janus International Group in a report on Wednesday, January 26th. They set a “buy” rating and a $18.00 price target for the company. Finally, KeyCorp lowered their price target on Janus International Group from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, March 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $15.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sciencast Management LP acquired a new position in Janus International Group in the 1st quarter worth about $127,000. FNY Investment Advisers LLC acquired a new position in Janus International Group in the 1st quarter worth about $35,000. Howard Financial Services LTD. acquired a new position in Janus International Group in the 1st quarter worth about $944,000. Bernzott Capital Advisors increased its holdings in Janus International Group by 0.4% in the 1st quarter. Bernzott Capital Advisors now owns 2,260,378 shares of the company’s stock worth $20,343,000 after purchasing an additional 9,120 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Janus International Group by 44.3% in the 4th quarter. BlackRock Inc. now owns 948,054 shares of the company’s stock worth $11,870,000 after purchasing an additional 290,986 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

NYSE:JBI opened at $9.46 on Friday. The stock has a fifty day moving average price of $9.38 and a 200-day moving average price of $11.09. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 53.61 and a beta of 0.52. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.12 and a current ratio of 1.53. Janus International Group has a fifty-two week low of $8.55 and a fifty-two week high of $15.94.

Janus International Group Company Profile (Get Rating)

Janus International Group, Inc manufacturers, supplies, and provides turn-key self-storage, and commercial and industrial building solutions in North America and internationally. It offers roll up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies.

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