JELD-WEN (NYSE:JELD) Announces Quarterly Earnings Results

JELD-WEN (NYSE:JELD) announced its quarterly earnings results on Monday. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11, Briefing.com reports. The business had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share.

JELD-WEN Trading Down 2.7 %

JELD opened at $14.24 on Thursday. JELD-WEN has a 12 month low of $11.02 and a 12 month high of $21.75. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 61.91 and a beta of 2.28. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.08 and a quick ratio of 1.39. The business has a fifty day moving average price of $14.50 and a 200 day moving average price of $17.09.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com lowered JELD-WEN from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Barclays dropped their price objective on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. The Goldman Sachs Group dropped their price objective on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Loop Capital dropped their price objective on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $13.00 price objective on shares of JELD-WEN in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.80.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.