JELD-WEN (NYSE:JELD) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

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

JELD-WEN Stock Performance

Shares of JELD stock traded up $0.88 during trading on Wednesday, reaching $10.80. 1,120,712 shares of the company’s stock were exchanged, compared to its average volume of 663,838. The firm’s fifty day moving average price is $14.79 and its 200-day moving average price is $15.05. 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 stock has a market capitalization of $913.06 million, a PE ratio of -5.91 and a beta of 2.25. JELD-WEN has a twelve month low of $8.90 and a twelve month high of $21.75.

Wall Street Analyst Weigh In

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

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.