Zacks: Brokerages Expect Jeld-Wen Holding Inc (NYSE:JELD) Will Post Quarterly Sales of $1.09 Billion

Equities research analysts expect Jeld-Wen Holding Inc (NYSE:JELD) to post sales of $1.09 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Jeld-Wen’s earnings. Jeld-Wen posted sales of $1.14 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.4%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, November 6th.

According to Zacks, analysts expect that Jeld-Wen will report full year sales of $4.31 billion for the current year, with estimates ranging from $4.26 billion to $4.47 billion. For the next fiscal year, analysts expect that the company will report sales of $4.38 billion, with estimates ranging from $4.26 billion to $4.54 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Jeld-Wen.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.05). Jeld-Wen had a return on equity of 19.84% and a net margin of 2.47%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis.

Several brokerages have issued reports on JELD. Royal Bank of Canada cut their target price on shares of Jeld-Wen from $20.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, October 14th. Robert W. Baird cut their target price on shares of Jeld-Wen from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Bank of America reissued a “sell” rating and set a $18.00 target price on shares of Jeld-Wen in a research note on Monday, August 26th. ValuEngine raised shares of Jeld-Wen from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, B. Riley lowered their price target on shares of Jeld-Wen from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.00.

NYSE JELD opened at $17.47 on Friday. The business’s fifty day moving average is $18.24 and its two-hundred day moving average is $19.57. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.96 and a current ratio of 1.66. Jeld-Wen has a 1 year low of $13.28 and a 1 year high of $22.27. The stock has a market capitalization of $1.73 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.40 and a beta of 2.62.

Several institutional investors have recently bought and sold shares of the company. Nuveen Asset Management LLC bought a new stake in Jeld-Wen in the second quarter worth $12,152,000. Morgan Stanley boosted its holdings in Jeld-Wen by 750.1% in the second quarter. Morgan Stanley now owns 220,455 shares of the company’s stock worth $4,680,000 after purchasing an additional 194,521 shares in the last quarter. Southpoint Capital Advisors LP boosted its holdings in Jeld-Wen by 7.3% in the second quarter. Southpoint Capital Advisors LP now owns 2,682,700 shares of the company’s stock worth $56,954,000 after purchasing an additional 182,700 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Jeld-Wen by 99.8% in the second quarter. Renaissance Technologies LLC now owns 225,600 shares of the company’s stock worth $4,789,000 after purchasing an additional 112,700 shares in the last quarter. Finally, DNB Asset Management AS boosted its holdings in Jeld-Wen by 66.7% in the second quarter. DNB Asset Management AS now owns 191,157 shares of the company’s stock worth $4,062,000 after purchasing an additional 76,483 shares in the last quarter. Institutional investors and hedge funds own 59.98% of the company’s stock.

About Jeld-Wen

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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Earnings History and Estimates for Jeld-Wen (NYSE:JELD)

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