Janus International Group (NYSE:JBI) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Janus International Group (NYSE:JBI) issued its quarterly earnings data on Wednesday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04), FiscalAI reports. Janus International Group had a return on equity of 14.18% and a net margin of 5.29%.The firm had revenue of $226.30 million for the quarter, compared to analyst estimates of $217.45 million.

Janus International Group Trading Up 4.4%

Shares of JBI traded up $0.29 during mid-day trading on Wednesday, hitting $6.92. The company had a trading volume of 1,276,855 shares, compared to its average volume of 1,073,055. Janus International Group has a 1-year low of $5.72 and a 1-year high of $10.80. The stock has a market cap of $960.63 million, a PE ratio of 20.35 and a beta of 1.47. The company has a quick ratio of 2.57, a current ratio of 3.03 and a debt-to-equity ratio of 0.96. The business’s 50-day simple moving average is $6.95 and its 200-day simple moving average is $8.07.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JBI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 29th. Wall Street Zen raised shares of Janus International Group from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group cut their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Zacks Research upgraded Janus International Group to a “hold” rating in a report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Janus International Group currently has an average rating of “Hold” and an average target price of $10.17.

Hedge Funds Weigh In On Janus International Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV acquired a new position in Janus International Group in the fourth quarter worth approximately $194,000. Vident Advisory LLC grew its stake in Janus International Group by 65.1% during the 4th quarter. Vident Advisory LLC now owns 93,216 shares of the company’s stock valued at $610,000 after acquiring an additional 36,740 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Janus International Group during the fourth quarter valued at approximately $181,000. VARCOV Co. acquired a new position in shares of Janus International Group in the fourth quarter worth $577,000. Finally, Stoic Point Capital Management LLC purchased a new stake in shares of Janus International Group during the 4th quarter worth about $738,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.