Janus International Group (NYSE:JBI) Posts Earnings Results, Beats Estimates By $0.03 EPS

Janus International Group (NYSE:JBI) released its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03, FiscalAI reports. The business had revenue of $233.50 million during the quarter, compared to the consensus estimate of $238.78 million. Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS.

Janus International Group Trading Down 2.0%

NYSE:JBI traded down $0.10 during trading hours on Tuesday, reaching $5.26. 871,708 shares of the company were exchanged, compared to its average volume of 1,566,167. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.65 and a quick ratio of 2.19. The firm has a market cap of $731.10 million, a price-to-earnings ratio of 16.98 and a beta of 1.47. Janus International Group has a 52-week low of $4.26 and a 52-week high of $10.80. The stock has a 50 day simple moving average of $5.32 and a 200 day simple moving average of $5.66.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on JBI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research note on Wednesday, June 24th. Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group lowered their target price on Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Janus International Group currently has an average rating of “Hold” and an average target price of $8.33.

Institutional Trading of Janus International Group

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in Janus International Group by 23.6% during the first quarter. Royal Bank of Canada now owns 150,581 shares of the company’s stock valued at $1,084,000 after acquiring an additional 28,709 shares during the period. AQR Capital Management LLC raised its holdings in shares of Janus International Group by 66.4% in the 1st quarter. AQR Capital Management LLC now owns 272,602 shares of the company’s stock worth $1,963,000 after purchasing an additional 108,809 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Janus International Group in the 1st quarter worth about $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Janus International Group by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,787 shares of the company’s stock valued at $2,014,000 after purchasing an additional 14,125 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Janus International Group by 118.1% in the 1st quarter. Jane Street Group LLC now owns 189,655 shares of the company’s stock valued at $1,366,000 after purchasing an additional 102,679 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

About Janus International Group

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.