JELD-WEN (NYSE:JELD) Posts Quarterly Earnings Results, Hits Expectations

JELD-WEN (NYSE:JELD) posted its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05, FiscalAI reports. The firm had revenue of $798.50 million during the quarter, compared to analyst estimates of $804.29 million. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%.

JELD-WEN Stock Performance

Shares of JELD opened at $1.21 on Wednesday. The firm’s 50-day moving average price is $1.77 and its 200-day moving average price is $1.75. The company has a quick ratio of 0.98, a current ratio of 1.73 and a debt-to-equity ratio of 97.65. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $3.33.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JELD shares. UBS Group boosted their price target on shares of JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Barclays raised their target price on JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.00 price target on shares of JELD-WEN in a report on Thursday, August 6th. Wall Street Zen raised shares of JELD-WEN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 29th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $2.10.

About JELD-WEN

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.