$0.24 EPS Expected for JELD-WEN Holding, Inc. (JELD) This Quarter

Equities research analysts forecast that JELD-WEN Holding, Inc. (NYSE:JELD) will announce $0.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for JELD-WEN’s earnings, with estimates ranging from $0.21 to $0.26. JELD-WEN reported earnings of ($0.05) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 580%. The company is expected to report its next earnings results on Friday, May 11th.

According to Zacks, analysts expect that JELD-WEN will report full-year earnings of $2.24 per share for the current year, with EPS estimates ranging from $2.15 to $2.36. For the next year, analysts anticipate that the firm will report earnings of $2.73 per share, with EPS estimates ranging from $2.55 to $2.90. Zacks’ EPS averages are an average based on a survey of analysts that follow JELD-WEN.

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JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.15). JELD-WEN had a net margin of 0.29% and a return on equity of 18.76%. The firm had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1 billion. JELD-WEN’s revenue for the quarter was up .3% on a year-over-year basis.

Several research analysts have commented on JELD shares. Bank of America reissued a “buy” rating and issued a $41.00 price target (down from $44.00) on shares of JELD-WEN in a report on Thursday, February 22nd. Zacks Investment Research downgraded shares of JELD-WEN from a “strong-buy” rating to a “hold” rating in a report on Friday, February 23rd. Credit Suisse Group downgraded shares of JELD-WEN from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 28th. Royal Bank of Canada set a $39.00 price target on shares of JELD-WEN and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Barclays set a $44.00 price target on shares of JELD-WEN and gave the company a “buy” rating in a report on Monday, January 8th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. JELD-WEN currently has an average rating of “Hold” and an average target price of $39.15.

Shares of NYSE:JELD opened at $29.63 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 1.60. JELD-WEN has a one year low of $27.61 and a one year high of $42.27. The firm has a market capitalization of $3,249.81, a price-to-earnings ratio of 20.02, a PEG ratio of 0.99 and a beta of 2.35.

In other news, Vice Chairman Roderick Wendt sold 30,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $32.17, for a total transaction of $965,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patrick Wright Tolbert acquired 2,860 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average price of $30.88 per share, for a total transaction of $88,316.80. Following the transaction, the director now owns 4,343 shares in the company, valued at approximately $134,111.84. The disclosure for this purchase can be found here. Company insiders own 4.55% of the company’s stock.

A number of large investors have recently modified their holdings of JELD. Zurcher Kantonalbank Zurich Cantonalbank raised its position in JELD-WEN by 331.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock worth $139,000 after purchasing an additional 2,706 shares during the period. Strs Ohio purchased a new position in JELD-WEN in the 4th quarter worth $149,000. Virtu Financial LLC purchased a new position in JELD-WEN in the 4th quarter worth $205,000. First Quadrant L P CA purchased a new position in JELD-WEN in the 4th quarter worth $219,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in JELD-WEN by 387.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,098 shares of the company’s stock worth $240,000 after purchasing an additional 4,848 shares during the period. Institutional investors own 59.58% of the company’s stock.

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About JELD-WEN

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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