JELD-WEN (NYSE:JELD) Announces Earnings Results, Beats Expectations By $0.03 EPS

JELD-WEN (NYSE:JELD) posted its earnings results on Monday. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.03, FiscalAI reports. JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%. The firm had revenue of $817.80 million for the quarter, compared to the consensus estimate of $792.64 million.

JELD-WEN Stock Performance

JELD-WEN stock traded up $0.01 during mid-day trading on Monday, reaching $1.44. The company had a trading volume of 3,046,517 shares, compared to its average volume of 1,761,558. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 97.65. JELD-WEN has a 52 week low of $0.93 and a 52 week high of $6.97. The company has a 50 day moving average of $1.53 and a 200-day moving average of $1.74. The firm has a market cap of $123.63 million, a price-to-earnings ratio of -0.24 and a beta of 2.10.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JELD shares. Wall Street Zen cut JELD-WEN from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. UBS Group dropped their price objective on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. The Goldman Sachs Group decreased their target price on JELD-WEN from $1.75 to $1.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research note on Friday, May 22nd. Finally, Barclays lowered their target price on JELD-WEN from $2.50 to $1.50 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $1.80.

Insider Activity

In other news, Director Bruce M. Taten sold 19,483 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $1.66, for a total transaction of $32,341.78. Following the transaction, the director owned 88,158 shares in the company, valued at approximately $146,342.28. The trade was a 18.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.87% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors have recently added to or reduced their stakes in JELD. Rafferty Asset Management LLC increased its stake in JELD-WEN by 21.8% during the second quarter. Rafferty Asset Management LLC now owns 30,048 shares of the company’s stock valued at $118,000 after acquiring an additional 5,385 shares during the period. Quadrature Capital Ltd raised its holdings in JELD-WEN by 144.1% in the 4th quarter. Quadrature Capital Ltd now owns 47,563 shares of the company’s stock valued at $117,000 after acquiring an additional 28,078 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of JELD-WEN in the 3rd quarter worth approximately $111,000. Hsbc Holdings PLC lifted its position in shares of JELD-WEN by 39.7% in the 4th quarter. Hsbc Holdings PLC now owns 44,218 shares of the company’s stock worth $109,000 after acquiring an additional 12,569 shares during the period. Finally, Intech Investment Management LLC increased its holdings in JELD-WEN by 12.5% in the 4th quarter. Intech Investment Management LLC now owns 37,771 shares of the company’s stock valued at $93,000 after buying an additional 4,195 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.