Janus International Group (NYSE:JBI) Releases Earnings Results, Misses Expectations By $0.09 EPS

Janus International Group (NYSE:JBI) posted its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09), FiscalAI reports. Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.Janus International Group’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share.

Janus International Group Price Performance

JBI stock traded down $0.42 during midday trading on Tuesday, reaching $4.66. The stock had a trading volume of 516,895 shares, compared to its average volume of 1,476,605. Janus International Group has a 52-week low of $4.26 and a 52-week high of $10.80. The company has a current ratio of 3.54, a quick ratio of 3.04 and a debt-to-equity ratio of 0.94. The company’s fifty day simple moving average is $5.43 and its 200 day simple moving average is $6.50. The company has a market cap of $646.94 million, a price-to-earnings ratio of 11.67 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp decreased their target price on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.17.

Institutional Trading of Janus International Group

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Janus International Group by 1,978.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after purchasing an additional 5,105 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after buying an additional 6,399 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Janus International Group in the fourth quarter valued at approximately $91,000. BNP Paribas Financial Markets lifted its holdings in Janus International Group by 37.3% in the second quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company’s stock valued at $109,000 after acquiring an additional 3,637 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Janus International Group in the third quarter worth approximately $127,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Company Profile

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.