Jeld-Wen Holding Inc (NYSE:JELD) – Gabelli cut their FY2018 earnings per share estimates for shares of Jeld-Wen in a report issued on Wednesday, October 17th. Gabelli analyst A. Lacayo now anticipates that the company will post earnings per share of $1.75 for the year, down from their previous forecast of $1.85. Gabelli also issued estimates for Jeld-Wen’s FY2019 earnings at $1.95 EPS, FY2020 earnings at $2.30 EPS, FY2021 earnings at $2.60 EPS and FY2022 earnings at $2.75 EPS.
Jeld-Wen (NYSE:JELD) last released its earnings results on Tuesday, August 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.11). Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion.
Several other equities research analysts also recently commented on JELD. Macquarie set a $27.00 price target on shares of Jeld-Wen and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada reduced their price target on shares of Jeld-Wen to $23.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays reduced their price target on shares of Jeld-Wen from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, August 8th. Robert W. Baird downgraded shares of Jeld-Wen from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $34.00 to $23.00 in a research report on Monday, October 8th. Finally, B. Riley reduced their price target on shares of Jeld-Wen from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Jeld-Wen presently has an average rating of “Hold” and an average target price of $27.27.
JELD stock opened at $16.94 on Thursday. Jeld-Wen has a 12 month low of $16.49 and a 12 month high of $42.27. The company has a market cap of $1.81 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 0.56 and a beta of 1.64. The company has a quick ratio of 1.21, a current ratio of 2.03 and a debt-to-equity ratio of 1.91.
A number of hedge funds have recently added to or reduced their stakes in JELD. Northern Trust Corp increased its stake in shares of Jeld-Wen by 5.6% during the 1st quarter. Northern Trust Corp now owns 800,049 shares of the company’s stock worth $24,497,000 after purchasing an additional 42,185 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Jeld-Wen by 140.9% during the 1st quarter. California Public Employees Retirement System now owns 33,000 shares of the company’s stock worth $1,010,000 after purchasing an additional 19,300 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Jeld-Wen during the 1st quarter worth $15,085,000. Asset Management One Co. Ltd. acquired a new position in shares of Jeld-Wen during the 1st quarter worth $790,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Jeld-Wen by 189.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,649 shares of the company’s stock worth $540,000 after purchasing an additional 11,551 shares during the last quarter. Institutional investors own 64.43% of the company’s stock.
In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of the stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total value of $130,329.12. Following the completion of the sale, the executive vice president now owns 17,136 shares in the company, valued at approximately $448,277.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.55% of the stock is owned by corporate insiders.
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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