Janus International Group (NYSE:JBI) Releases Earnings Results, Misses Expectations By $0.03 EPS

Janus International Group (NYSE:JBI) announced its quarterly earnings results on Thursday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03), Zacks reports. The firm had revenue of $219.30 million for the quarter, compared to analysts’ expectations of $225.72 million. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. Janus International Group updated its FY 2025 guidance to EPS.

Janus International Group Stock Down 6.7%

Shares of JBI traded down $0.47 during mid-day trading on Friday, hitting $6.44. 1,476,589 shares of the company’s stock were exchanged, compared to its average volume of 1,245,444. The firm has a fifty day moving average of $9.93 and a two-hundred day moving average of $9.04. Janus International Group has a twelve month low of $5.99 and a twelve month high of $10.80. The stock has a market cap of $893.77 million, a price-to-earnings ratio of 20.78 and a beta of 1.34. The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00.

Institutional Trading of Janus International Group

Several hedge funds have recently modified their holdings of JBI. Russell Investments Group Ltd. increased its stake in shares of Janus International Group by 771.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after acquiring an additional 6,399 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Janus International Group by 37.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company’s stock worth $109,000 after acquiring an additional 3,637 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Janus International Group by 242.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,877 shares of the company’s stock valued at $137,000 after purchasing an additional 11,947 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Janus International Group by 71.9% during the 2nd quarter. Prudential Financial Inc. now owns 18,150 shares of the company’s stock worth $148,000 after buying an additional 7,590 shares during the period. Finally, M&T Bank Corp lifted its holdings in Janus International Group by 28.5% in the second quarter. M&T Bank Corp now owns 19,331 shares of the company’s stock valued at $158,000 after buying an additional 4,289 shares during the period. 88.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on JBI shares. KeyCorp boosted their price target on Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Jefferies Financial Group upped their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Janus International Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Janus International Group in a research report on Wednesday, October 8th. Finally, UBS Group boosted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.67.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.