JELD-WEN (NYSE:JELD) Issues Quarterly Earnings Results

JELD-WEN (NYSE:JELD) issued its earnings results on Monday. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08), Briefing.com reports. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The company had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. During the same period in the prior year, the business earned $0.53 earnings per share. JELD-WEN’s quarterly revenue was down 13.2% on a year-over-year basis. JELD-WEN updated its FY 2024 guidance to EPS.

JELD-WEN Stock Performance

Shares of JELD stock traded up $0.75 during trading on Wednesday, reaching $10.67. The company had a trading volume of 814,006 shares, compared to its average volume of 662,461. The firm’s 50 day simple moving average is $14.79 and its two-hundred day simple moving average is $15.05. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN has a one year low of $8.90 and a one year high of $21.75. The company has a market capitalization of $902.07 million, a PE ratio of -5.59 and a beta of 2.25.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $13.00 target price on shares of JELD-WEN in a research report on Wednesday, August 7th. Jefferies Financial Group increased their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays decreased their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Loop Capital decreased their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.00.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.