JELD-WEN (NYSE:JELD) Posts Earnings Results

JELD-WEN (NYSE:JELD) issued its quarterly earnings data on Monday. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02, Briefing.com reports. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $769.25 million. During the same period last year, the business earned $0.21 EPS. The firm’s revenue was down 19.1% compared to the same quarter last year.

JELD-WEN Stock Performance

Shares of JELD traded down $1.22 during midday trading on Tuesday, reaching $4.41. The stock had a trading volume of 1,317,000 shares, compared to its average volume of 980,453. JELD-WEN has a one year low of $4.08 and a one year high of $20.20. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm has a market cap of $376.81 million, a PE ratio of -1.96 and a beta of 1.86. The firm has a 50 day simple moving average of $5.67 and a 200-day simple moving average of $8.36.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Royal Bank of Canada decreased their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, February 19th. Barclays cut their target price on shares of JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Truist Financial reduced their price target on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Finally, Loop Capital lowered their price target on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.94.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management bought 72,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $6.08 per share, with a total value of $437,760.00. Following the completion of the purchase, the insider now owns 701,934 shares in the company, valued at $4,267,758.72. This represents a 11.43 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director David G. Nord bought 20,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $5.96 per share, with a total value of $119,200.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $238,400. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 714,404 shares of company stock valued at $4,023,392 over the last 90 days. 1.24% of the stock is currently owned by insiders.

JELD-WEN Company Profile

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.