Janus International Group (NYSE:JBI) Reaches New 1-Year Low on Disappointing Earnings

Janus International Group, Inc. (NYSE:JBI)’s stock price hit a new 52-week low on Tuesday following a dissappointing earnings announcement. The stock traded as low as $3.94 and last traded at $4.0550, with a volume of 541,848 shares trading hands. The stock had previously closed at $4.76.

The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). Janus International Group had a net margin of 3.68% and a return on equity of 11.27%. The firm had revenue of $213.10 million for the quarter, compared to analysts’ expectations of $235.00 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year.

Analysts Set New Price Targets

Several brokerages have commented on JBI. UBS Group decreased their price objective on shares of Janus International Group from $6.00 to $5.60 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, September 21st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of Janus International Group by 982.2% in the second quarter. Allworth Financial LP now owns 4,621 shares of the company’s stock worth $26,000 after acquiring an additional 4,194 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Janus International Group during the 3rd quarter worth about $39,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Janus International Group during the 3rd quarter worth about $54,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Janus International Group during the 2nd quarter valued at about $62,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Janus International Group during the 3rd quarter valued at about $62,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Price Performance

The company has a current ratio of 2.94, a quick ratio of 2.50 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average price of $4.45 and a 200 day moving average price of $5.31. The stock has a market capitalization of $552.58 million, a price-to-earnings ratio of 16.69 and a beta of 1.37.

About Janus International Group

Janus International Group, Inc (NYSE:JBI) is a global manufacturer and supplier of building products and technology solutions for the self-storage and commercial construction industries. The company provides systems designed to support the development, renovation, operation and security of storage facilities and other commercial properties.

Its products and services include roll-up doors, hallway systems, relocatable storage units, facility and building components, and access-control solutions.