Analysts Anticipate Jeld-Wen Holding Inc (JELD) Will Post Earnings of $0.59 Per Share

Equities research analysts predict that Jeld-Wen Holding Inc (NYSE:JELD) will report $0.59 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Jeld-Wen’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.56. Jeld-Wen posted earnings of $0.55 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The company is expected to announce its next earnings report on Tuesday, November 6th.

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

Jeld-Wen (NYSE:JELD) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.11). The business had revenue of $1.17 billion for 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%.

JELD has been the topic of several recent analyst reports. B. Riley dropped their target price on Jeld-Wen from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday. Credit Suisse Group dropped 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. Citigroup dropped 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. Bank of America cut Jeld-Wen from a “neutral” rating to an “underperform” rating and set a $29.00 target price on the stock. in a report on Wednesday. Finally, Zacks Investment Research cut Jeld-Wen from a “buy” rating to a “hold” rating in a report on Friday, May 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.31.

Shares of JELD traded down $0.81 during mid-day trading on Tuesday, reaching $24.59. 1,085,103 shares of the company’s stock traded hands, compared to its average volume of 872,659. The stock has a market cap of $2.67 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.73 and a beta of 2.00. The company has a current ratio of 2.03, a quick ratio of 1.13 and a debt-to-equity ratio of 1.91. Jeld-Wen has a 12 month low of $23.44 and a 12 month high of $42.27.

A number of large investors have recently made changes to their positions in JELD. Pzena Investment Management LLC increased its holdings in shares of Jeld-Wen by 19.6% in the second quarter. Pzena Investment Management LLC now owns 6,792,253 shares of the company’s stock valued at $194,191,000 after buying an additional 1,112,746 shares in the last quarter. Hound Partners LLC increased its holdings in shares of Jeld-Wen by 1,758.2% in the first quarter. Hound Partners LLC now owns 5,326,194 shares of the company’s stock valued at $163,088,000 after buying an additional 5,039,555 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Jeld-Wen by 5.3% in the second quarter. BlackRock Inc. now owns 5,123,761 shares of the company’s stock valued at $146,490,000 after buying an additional 257,406 shares in the last quarter. IMS Capital Management increased its holdings in shares of Jeld-Wen by 33.0% in the second 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 in the last quarter. Finally, Cannell Peter B & Co. Inc. increased its holdings in shares of Jeld-Wen by 11.6% in the first quarter. Cannell Peter B & Co. Inc. now owns 1,520,187 shares of the company’s stock valued at $46,548,000 after buying an additional 158,075 shares in the last quarter. 61.88% of the stock is currently owned by hedge funds and other institutional investors.

About Jeld-Wen

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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