JELD-WEN (JELD) Scheduled to Post Quarterly Earnings on Monday

JELD-WEN (NYSE:JELD) is set to announce its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. JELD-WEN has set its FY 2023 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.11. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. JELD-WEN had a net margin of 1.08% and a return on equity of 23.29%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 EPS. On average, analysts expect JELD-WEN to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $11.21 on Monday. The stock has a market cap of $954.96 million, a price-to-earnings ratio of 17.52, a PEG ratio of 0.82 and a beta of 2.37. JELD-WEN has a 52 week low of $8.77 and a 52 week high of $18.52. The company has a current ratio of 2.06, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09. The company’s 50-day moving average price is $13.34 and its 200 day moving average price is $14.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JELD. Nomura Asset Management Co. Ltd. lifted its position in JELD-WEN by 100.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the company’s stock valued at $28,000 after buying an additional 1,100 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in JELD-WEN during the third quarter valued at approximately $29,000. Quantbot Technologies LP lifted its position in JELD-WEN by 182.7% during the first quarter. Quantbot Technologies LP now owns 2,951 shares of the company’s stock valued at $59,000 after buying an additional 1,907 shares in the last quarter. Osaic Holdings Inc. lifted its position in JELD-WEN by 22.1% during the second quarter. Osaic Holdings Inc. now owns 3,635 shares of the company’s stock valued at $64,000 after buying an additional 659 shares in the last quarter. Finally, State of Wyoming acquired a new position in JELD-WEN during the fourth quarter valued at approximately $84,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on JELD. Jefferies Financial Group lowered their price target on shares of JELD-WEN from $18.00 to $15.00 in a report on Thursday, October 12th. Truist Financial lowered their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “hold” rating for the company in a report on Tuesday, October 17th. Barclays lowered their price target on shares of JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, October 12th. StockNews.com started coverage on shares of JELD-WEN in a report on Thursday, October 5th. They set a “buy” rating for the company. Finally, Royal Bank of Canada boosted their target price on shares of JELD-WEN from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.71.

JELD-WEN Company Profile

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.