Jeld-Wen Holding Inc (NYSE:JELD) – Equities researchers at B. Riley cut their FY2018 earnings per share (EPS) estimates for Jeld-Wen in a report released on Wednesday, November 7th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings of $1.50 per share for the year, down from their prior forecast of $1.77. B. Riley currently has a “Neutral” rating and a $22.00 target price on the stock. B. Riley also issued estimates for Jeld-Wen’s FY2019 earnings at $1.80 EPS.

Several other equities research analysts have also issued reports on JELD. Credit Suisse Group set a $18.00 target price on shares of Jeld-Wen and gave the stock a “hold” rating in a report on Wednesday. Royal Bank of Canada set a $21.00 target price on shares of Jeld-Wen and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Co lowered their target price on shares of Jeld-Wen from $29.00 to $19.00 and set a “market perform” rating for the company in a report on Wednesday. Barclays lowered their target price on shares of Jeld-Wen from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, August 8th. Finally, Robert W. Baird decreased their price objective on shares of Jeld-Wen from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Jeld-Wen presently has an average rating of “Hold” and an average target price of $25.07.

Jeld-Wen stock opened at $18.00 on Friday. The stock has a market capitalization of $1.78 billion, a PE ratio of 12.16, a PEG ratio of 0.61 and a beta of 2.70. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.03 and a quick ratio of 1.21. Jeld-Wen has a 12-month low of $15.04 and a 12-month high of $42.27.

Jeld-Wen (NYSE:JELD) last released its earnings results on Tuesday, November 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.13). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Jeld-Wen had a return on equity of 18.86% and a net margin of 0.26%. Jeld-Wen’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS.

In related news, EVP Peter Maxwell sold 4,982 shares of Jeld-Wen stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total transaction of $130,329.12. Following the completion of the sale, the executive vice president now owns 17,136 shares in the company, valued at approximately $448,277.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of JELD. California Public Employees Retirement System increased its position in Jeld-Wen by 140.9% during the 1st quarter. California Public Employees Retirement System now owns 33,000 shares of the company’s stock valued at $1,010,000 after purchasing an additional 19,300 shares during the period. Dimensional Fund Advisors LP purchased a new position in Jeld-Wen during the 1st quarter valued at about $15,085,000. DnB Asset Management AS purchased a new position in Jeld-Wen during the 2nd quarter valued at about $1,246,000. Xact Kapitalforvaltning AB increased its position in Jeld-Wen by 23.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,600 shares of the company’s stock valued at $417,000 after purchasing an additional 2,800 shares during the period. Finally, Peregrine Capital Management LLC increased its position in Jeld-Wen by 32.8% during the 2nd quarter. Peregrine Capital Management LLC now owns 570,427 shares of the company’s stock valued at $16,309,000 after purchasing an additional 140,976 shares during the period. 63.76% of the stock is currently owned by institutional investors and hedge funds.

About Jeld-Wen

JELD-WEN Holding, Inc 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, and aluminum windows.

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Earnings History and Estimates for Jeld-Wen (NYSE:JELD)

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