Wall Street analysts expect Jeld-Wen Holding Inc (NYSE:JELD) to report sales of $1.12 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Jeld-Wen’s earnings. The highest sales estimate is $1.17 billion and the lowest is $1.09 billion. Jeld-Wen reported sales of $1.14 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.8%. The firm is expected to report its next earnings results on Tuesday, November 5th.
On average, analysts expect that Jeld-Wen will report full year sales of $4.35 billion for the current fiscal year, with estimates ranging from $4.30 billion to $4.47 billion. For the next year, analysts anticipate that the firm will report sales of $4.45 billion, with estimates ranging from $4.38 billion to $4.54 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Jeld-Wen.
Jeld-Wen (NYSE:JELD) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Jeld-Wen had a net margin of 2.47% and a return on equity of 19.84%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS.
Several equities analysts have recently commented on JELD shares. TheStreet upgraded Jeld-Wen from a “d+” rating to a “c-” rating in a research note on Monday, July 22nd. Zacks Investment Research lowered Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. B. Riley set a $21.00 price target on Jeld-Wen and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada set a $23.00 price target on Jeld-Wen and gave the company a “hold” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $21.58.
Shares of Jeld-Wen stock traded up $0.49 during trading on Monday, hitting $17.46. 315,700 shares of the stock traded hands, compared to its average volume of 396,119. The firm has a market cap of $1.75 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 1.04 and a beta of 2.51. The company has a current ratio of 1.66, a quick ratio of 0.96 and a debt-to-equity ratio of 2.11. Jeld-Wen has a 52-week low of $13.28 and a 52-week high of $26.90. The stock’s fifty day simple moving average is $20.54 and its 200 day simple moving average is $19.81.
A number of hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Jeld-Wen during the 4th quarter valued at about $10,991,000. Nuveen Asset Management LLC acquired a new position in Jeld-Wen during the second quarter worth $12,152,000. Dimensional Fund Advisors LP boosted its stake in Jeld-Wen by 47.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,260,627 shares of the company’s stock worth $17,914,000 after buying an additional 408,034 shares during the last quarter. Jennison Associates LLC boosted its stake in Jeld-Wen by 20.5% during the first quarter. Jennison Associates LLC now owns 1,488,574 shares of the company’s stock worth $26,288,000 after buying an additional 252,869 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Jeld-Wen by 750.1% during the second quarter. Morgan Stanley now owns 220,455 shares of the company’s stock worth $4,680,000 after buying an additional 194,521 shares during the last quarter. 61.64% of the stock is currently owned by institutional investors.
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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