Janus International Group (JBI) to Release Earnings on Thursday

Janus International Group (NYSE:JBI) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Janus International Group has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Janus International Group had a net margin of 12.73% and a return on equity of 30.00%. The firm had revenue of $263.70 million during the quarter, compared to analysts’ expectations of $284.01 million. During the same period in the previous year, the firm posted $0.22 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. On average, analysts expect Janus International Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Janus International Group Trading Down 3.1 %

JBI stock opened at $13.40 on Wednesday. Janus International Group has a 52-week low of $8.66 and a 52-week high of $15.86. The company has a quick ratio of 2.38, a current ratio of 2.66 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1.97 billion, a P/E ratio of 14.56 and a beta of 0.95. The company’s 50-day simple moving average is $14.66 and its 200-day simple moving average is $13.17.

Wall Street Analyst Weigh In

JBI has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Janus International Group in a research report on Monday, April 15th. They set a “buy” rating and a $20.00 price target on the stock. Benchmark dropped their price target on shares of Janus International Group from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.30.

Insider Activity

In other Janus International Group news, VP Norman V. Nettie sold 90,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.27, for a total value of $1,374,300.00. Following the transaction, the vice president now owns 285,786 shares in the company, valued at approximately $4,363,952.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Norman V. Nettie sold 90,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.27, for a total transaction of $1,374,300.00. Following the completion of the sale, the vice president now owns 285,786 shares of the company’s stock, valued at approximately $4,363,952.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ramey Pierce Jackson sold 100,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.26, for a total transaction of $1,526,000.00. Following the completion of the sale, the chief executive officer now owns 564,510 shares of the company’s stock, valued at approximately $8,614,422.60. The disclosure for this sale can be found here. Insiders have sold a total of 340,000 shares of company stock worth $5,189,300 over the last quarter. 42.90% of the stock is currently owned by corporate insiders.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.