Janus International Group (NYSE:JBI) Reaches New 52-Week Low on Disappointing Earnings

Shares of Janus International Group, Inc. (NYSE:JBI) hit a new 52-week low during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $4.26 and last traded at $4.55, with a volume of 390532 shares trading hands. The stock had previously closed at $5.08.

The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Janus International Group had a net margin of 6.08% and a return on equity of 15.26%. Janus International Group’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. KeyCorp cut their price objective on Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.17.

Hedge Funds Weigh In On Janus International Group

Large investors have recently bought and sold shares of the business. Clearstead Advisors LLC lifted its holdings in Janus International Group by 130.0% during the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after buying an additional 3,017 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Janus International Group by 1,978.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after acquiring an additional 5,105 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Janus International Group by 771.0% during the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after purchasing an additional 6,399 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Janus International Group in the third quarter valued at approximately $70,000. Finally, Sanctuary Advisors LLC acquired a new position in Janus International Group in the fourth quarter valued at approximately $71,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Trading Down 8.2%

The company has a quick ratio of 3.04, a current ratio of 3.54 and a debt-to-equity ratio of 0.94. The business’s fifty day simple moving average is $5.43 and its two-hundred day simple moving average is $6.50. The company has a market cap of $647.77 million, a price-to-earnings ratio of 11.95 and a beta of 1.49.

Janus International Group Company Profile

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.