Janus International Group (NYSE:JBI) Posts Earnings Results, Misses Expectations By $0.09 EPS

Janus International Group (NYSE:JBI) issued its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09), Briefing.com reports. The company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. The company’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Janus International Group updated its FY 2024 guidance to EPS.

Janus International Group Trading Down 27.9 %

Shares of JBI stock traded down $2.88 during mid-day trading on Tuesday, hitting $7.43. The company’s stock had a trading volume of 3,389,057 shares, compared to its average volume of 1,910,280. Janus International Group has a 52 week low of $6.68 and a 52 week high of $15.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. The company’s fifty day simple moving average is $10.25 and its 200-day simple moving average is $12.29. The company has a market cap of $1.08 billion, a PE ratio of 7.71 and a beta of 0.88.

Wall Street Analysts Forecast Growth

JBI has been the topic of several analyst reports. Benchmark reduced their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. UBS Group dropped their price target on Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Wolfe Research lowered Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. KeyCorp reduced their price target on Janus International Group from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. Finally, Jefferies Financial Group dropped their price target on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.75.

About Janus International Group

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.