Zacks: Analysts Expect JELD-WEN Holding, Inc. (NYSE:JELD) Will Post Earnings of $0.69 Per Share

Brokerages expect JELD-WEN Holding, Inc. (NYSE:JELDGet Rating) to post $0.69 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for JELD-WEN’s earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.57. JELD-WEN reported earnings per share of $0.59 during the same quarter last year, which would suggest a positive year over year growth rate of 16.9%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that JELD-WEN will report full-year earnings of $2.18 per share for the current year, with EPS estimates ranging from $1.95 to $2.41. For the next fiscal year, analysts forecast that the firm will post earnings of $2.49 per share, with EPS estimates ranging from $1.67 to $2.94. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow JELD-WEN.

JELD-WEN (NYSE:JELDGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). JELD-WEN had a return on equity of 18.58% and a net margin of 2.94%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis.

A number of brokerages have issued reports on JELD. Credit Suisse Group began coverage on JELD-WEN in a research note on Tuesday, April 5th. They issued an “outperform” rating and a $24.00 price target on the stock. Wells Fargo & Company reduced their price objective on JELD-WEN from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, April 21st. Barclays reduced their price objective on JELD-WEN from $28.00 to $25.00 in a research note on Tuesday, May 3rd. Zacks Investment Research lowered JELD-WEN from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Finally, Stifel Nicolaus reduced their price objective on JELD-WEN to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.82.

In other news, major shareholder Turtle Creek Asset Management purchased 245,000 shares of the stock in a transaction dated Friday, March 25th. The stock was acquired at an average cost of $21.89 per share, for a total transaction of $5,363,050.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Scott Vining sold 48,499 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $23.24, for a total value of $1,127,116.76. The disclosure for this sale can be found here. Insiders have acquired a total of 1,985,024 shares of company stock worth $43,424,449 over the last 90 days. 1.81% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of JELD-WEN in the 1st quarter valued at approximately $544,000. Quantbot Technologies LP increased its holdings in shares of JELD-WEN by 182.7% in the 1st quarter. Quantbot Technologies LP now owns 2,951 shares of the company’s stock valued at $59,000 after acquiring an additional 1,907 shares during the last quarter. State Street Corp boosted its position in JELD-WEN by 6.2% during the 1st quarter. State Street Corp now owns 1,814,001 shares of the company’s stock valued at $36,788,000 after purchasing an additional 106,466 shares during the period. Graham Capital Management L.P. acquired a new position in JELD-WEN during the 1st quarter valued at approximately $686,000. Finally, Hsbc Holdings PLC boosted its position in JELD-WEN by 121.4% during the 1st quarter. Hsbc Holdings PLC now owns 17,252 shares of the company’s stock valued at $353,000 after purchasing an additional 9,459 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

NYSE:JELD traded up $0.07 during mid-day trading on Friday, reaching $18.08. The company’s stock had a trading volume of 1,028,598 shares, compared to its average volume of 839,001. The company’s fifty day simple moving average is $20.50 and its two-hundred day simple moving average is $23.28. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.02 and a quick ratio of 1.29. JELD-WEN has a twelve month low of $16.77 and a twelve month high of $29.89. The stock has a market cap of $1.57 billion, a P/E ratio of 12.47 and a beta of 2.16.

About JELD-WEN (Get Rating)

JELD-WEN Holding, Inc designs, 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, aluminum, and wood composite windows.

See Also

Get a free copy of the Zacks research report on JELD-WEN (JELD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for JELD-WEN (NYSE:JELD)

Receive News & Ratings for JELD-WEN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JELD-WEN and related companies with MarketBeat.com's FREE daily email newsletter.