Jeld-Wen Holding Inc (NYSE:JELD) – Equities research analysts at B. Riley reduced their FY2018 earnings per share (EPS) estimates for shares of Jeld-Wen in a research report issued on Wednesday, November 7th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings of $1.50 per share for the year, down from their previous forecast of $1.77. B. Riley currently has a “Neutral” rating and a $22.00 target price on the stock. B. Riley also issued estimates for Jeld-Wen’s FY2019 earnings at $1.80 EPS.
Jeld-Wen (NYSE:JELD) last issued its earnings results on Tuesday, November 6th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Jeld-Wen had a return on equity of 18.86% and a net margin of 0.26%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year.
Shares of JELD opened at $17.90 on Friday. Jeld-Wen has a 52 week low of $15.04 and a 52 week high of $42.27. The company has a current ratio of 2.03, a quick ratio of 1.21 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $1.79 billion, a PE ratio of 12.09, a P/E/G ratio of 0.60 and a beta of 2.70.
In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of the stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total transaction of $130,329.12. Following the completion of the transaction, the executive vice president now owns 17,136 shares of the company’s stock, valued at $448,277.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.55% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Commonwealth Bank of Australia acquired a new stake in shares of Jeld-Wen in the third quarter valued at approximately $320,000. Obermeyer Wood Investment Counsel Lllp increased its holdings in shares of Jeld-Wen by 1.2% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 932,199 shares of the company’s stock valued at $22,988,000 after purchasing an additional 10,779 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of Jeld-Wen by 3.8% in the third quarter. Systematic Financial Management LP now owns 434,987 shares of the company’s stock valued at $10,727,000 after purchasing an additional 15,868 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Jeld-Wen in the third quarter valued at approximately $296,000. Finally, Peregrine Capital Management LLC increased its holdings in shares of Jeld-Wen by 2.7% in the third quarter. Peregrine Capital Management LLC now owns 585,897 shares of the company’s stock valued at $14,448,000 after purchasing an additional 15,470 shares during the last quarter. 63.76% of the stock is owned by institutional investors and hedge funds.
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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