JELD-WEN (JELD) Projected to Post Earnings on Monday

JELD-WEN (NYSE:JELD) is expected to be announcing its earnings results after the market closes on Monday, February 17th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $860.82 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

JELD-WEN Stock Up 1.8 %

Shares of JELD-WEN stock opened at $8.81 on Friday. JELD-WEN has a 52-week low of $7.43 and a 52-week high of $21.75. The company has a 50 day moving average of $8.95 and a 200 day moving average of $12.04. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $745.08 million, a P/E ratio of -4.81 and a beta of 2.17.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of $7.65 per share, for a total transaction of $841,500.00. Following the transaction, the insider now directly owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired 310,000 shares of company stock valued at $2,463,500 in the last ninety days. 1.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on JELD shares. Barclays decreased their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. B. Riley cut their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. UBS Group reissued a “neutral” rating and set a $9.00 price objective (down previously from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their price objective on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, JELD-WEN has a consensus rating of “Hold” and an average target price of $12.75.

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.