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

JELD-WEN (NYSE:JELD) posted its quarterly earnings data on Monday. The company reported ($0.11) earnings per share 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 business had revenue of $817.80 million during the quarter, compared to analysts’ expectations of $792.64 million.

JELD-WEN Price Performance

Shares of JELD traded up $0.01 during mid-day trading on Monday, reaching $1.44. The company had a trading volume of 2,993,132 shares, compared to its average volume of 1,761,556. The company’s 50 day simple moving average is $1.53 and its 200 day simple moving average is $1.74. The company has a market capitalization of $123.63 million, a price-to-earnings ratio of -0.24 and a beta of 2.10. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $6.97. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.93 and a current ratio of 1.68.

Insider Buying and Selling

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $1.66, for a total value of $32,341.78. Following the sale, the director owned 88,158 shares in the company, valued at $146,342.28. This trade represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in shares of JELD-WEN by 39.7% during the 4th quarter. Hsbc Holdings PLC now owns 44,218 shares of the company’s stock valued at $109,000 after acquiring an additional 12,569 shares in the last quarter. Invesco Ltd. increased its holdings in JELD-WEN by 13.6% in the 4th quarter. Invesco Ltd. now owns 155,603 shares of the company’s stock worth $383,000 after purchasing an additional 18,630 shares in the last quarter. XTX Topco Ltd bought a new position in JELD-WEN in the fourth quarter valued at about $152,000. Quadrature Capital Ltd raised its position in JELD-WEN by 144.1% in the fourth quarter. Quadrature Capital Ltd now owns 47,563 shares of the company’s stock valued at $117,000 after purchasing an additional 28,078 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of JELD-WEN during the fourth quarter valued at about $398,000. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.