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

JELD-WEN (NYSE:JELD) issued its quarterly earnings data on Monday. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.20), FiscalAI reports. JELD-WEN had a negative return on equity of 50.22% and a negative net margin of 16.02%.The company had revenue of $722.13 million during the quarter, compared to analysts’ expectations of $721.62 million.

JELD-WEN Stock Up 5.2%

Shares of JELD traded up $0.09 on Wednesday, hitting $1.73. 388,411 shares of the stock traded hands, compared to its average volume of 1,810,993. The company has a market capitalization of $148.88 million, a PE ratio of -0.29 and a beta of 1.88. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.99 and a current ratio of 1.76. The business has a 50 day simple moving average of $1.42 and a 200 day simple moving average of $2.36. JELD-WEN has a one year low of $0.93 and a one year high of $6.98.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently added to or reduced their stakes in JELD. One Fin Capital Management LP bought a new stake in JELD-WEN in the 4th quarter worth approximately $4,920,000. Arrowstreet Capital Limited Partnership bought a new stake in JELD-WEN in the 3rd quarter worth approximately $9,730,000. Millennium Management LLC grew its position in JELD-WEN by 76.2% in the 3rd quarter. Millennium Management LLC now owns 2,673,994 shares of the company’s stock worth $13,129,000 after purchasing an additional 1,156,751 shares during the period. Federated Hermes Inc. grew its position in JELD-WEN by 45.6% in the 4th quarter. Federated Hermes Inc. now owns 3,338,835 shares of the company’s stock worth $8,214,000 after purchasing an additional 1,045,273 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in JELD-WEN by 23.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,429,498 shares of the company’s stock worth $10,897,000 after purchasing an additional 840,034 shares during the period. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JELD shares. Zacks Research upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $1.75 target price on shares of JELD-WEN in a report on Wednesday. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, JELD-WEN presently has an average rating of “Reduce” and a consensus target price of $3.10.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.