Brokerages Anticipate Jeld-Wen Holding Inc (JELD) to Announce $0.59 Earnings Per Share

Wall Street analysts expect Jeld-Wen Holding Inc (NYSE:JELD) to report $0.59 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Jeld-Wen’s earnings, with estimates ranging from $0.56 to $0.64. Jeld-Wen reported earnings of $0.55 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The firm is expected to issue its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Jeld-Wen will report full year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.95. For the next year, analysts forecast that the business will post earnings of $2.29 per share, with EPS estimates ranging from $2.14 to $2.45. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Jeld-Wen.

Jeld-Wen (NYSE:JELD) last posted its earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%.

A number of research firms recently issued reports on JELD. ValuEngine lowered Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. Credit Suisse Group lowered their target price on Jeld-Wen from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, August 8th. Zacks Investment Research lowered Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Deutsche Bank lowered their target price on Jeld-Wen from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, June 25th. Finally, Citigroup lowered their target price on Jeld-Wen from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.15.

In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was 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 directly owns 17,136 shares in the company, valued at approximately $448,277.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.55% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of Jeld-Wen by 19.1% during the 2nd quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after buying an additional 1,721 shares during the last quarter. Systematic Financial Management LP lifted its holdings in shares of Jeld-Wen by 17.2% during the 2nd quarter. Systematic Financial Management LP now owns 419,119 shares of the company’s stock valued at $11,983,000 after buying an additional 61,386 shares during the last quarter. IMS Capital Management lifted its holdings in shares of Jeld-Wen by 33.0% during the 2nd quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock valued at $54,859,000 after buying an additional 475,707 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Jeld-Wen in the 2nd quarter valued at approximately $760,000. Finally, Swiss National Bank raised its stake in shares of Jeld-Wen by 9.5% in the 2nd quarter. Swiss National Bank now owns 145,800 shares of the company’s stock valued at $4,168,000 after acquiring an additional 12,700 shares in the last quarter. Institutional investors and hedge funds own 64.43% of the company’s stock.

Shares of JELD traded up $0.34 during trading hours on Thursday, reaching $24.89. 26,939 shares of the company’s stock traded hands, compared to its average volume of 425,583. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.73 and a beta of 1.68. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.21 and a current ratio of 2.03. Jeld-Wen has a twelve month low of $23.44 and a twelve month high of $42.27.

Jeld-Wen Company Profile

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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