JELD-WEN (NYSE:JELD) Posts Quarterly Earnings Results, Misses Expectations By $0.20 EPS

JELD-WEN (NYSE:JELD) released its earnings results on Monday. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.20), FiscalAI reports. JELD-WEN had a negative return on equity of 29.63% and a negative net margin of 18.96%.The business had revenue of $722.10 million for the quarter, compared to analysts’ expectations of $721.62 million.

JELD-WEN Price Performance

Shares of NYSE:JELD traded down $0.06 during trading on Monday, hitting $1.40. 1,625,374 shares of the company’s stock were exchanged, compared to its average volume of 1,803,001. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.76 and a quick ratio of 0.99. JELD-WEN has a 52-week low of $0.93 and a 52-week high of $6.98. The business’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $2.38. The company has a market cap of $120.40 million, a price-to-earnings ratio of -0.20 and a beta of 1.88.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on JELD shares. Zacks Research upgraded JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group cut their target price on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, JELD-WEN has an average rating of “Reduce” and an average price target of $3.35.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JELD. Royal Bank of Canada boosted its stake in JELD-WEN by 66.1% during the first quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock valued at $321,000 after buying an additional 21,346 shares during the last quarter. AQR Capital Management LLC boosted its stake in JELD-WEN by 37.5% during the first quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock valued at $2,244,000 after buying an additional 102,543 shares during the last quarter. Millennium Management LLC boosted its stake in JELD-WEN by 42.7% during the first quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock valued at $5,390,000 after buying an additional 270,226 shares during the last quarter. Empowered Funds LLC boosted its stake in JELD-WEN by 3.1% during the first quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock valued at $2,642,000 after buying an additional 13,115 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in JELD-WEN by 82.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock valued at $2,367,000 after buying an additional 179,615 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

About JELD-WEN

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.