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

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

JELD-WEN Price Performance

Shares of JELD-WEN stock traded up $0.91 on Wednesday, hitting $10.83. The company’s stock had a trading volume of 1,064,412 shares, compared to its average volume of 663,581. JELD-WEN has a 52-week low of $8.90 and a 52-week high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. The firm has a fifty day moving average price of $14.79 and a 200-day moving average price of $15.05. The company has a market capitalization of $915.60 million, a P/E ratio of -5.91 and a beta of 2.25.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays cut their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Royal Bank of Canada cut their price objective on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a research report on Wednesday. Loop Capital lowered their target price on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Finally, The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, JELD-WEN has an average rating of “Hold” and a consensus price target of $15.90.

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.