JELD-WEN (NYSE:JELD) Issues Earnings Results, Meets Estimates

Key Points

• JELD-WEN met earnings expectations with quarterly EPS of $0.05, but revenue of $798.5 million fell short of the $804.3 million consensus estimate.
• The company reported a negative net margin of 16.36% and negative return on equity of 246.42%, highlighting ongoing financial challenges.
• Analysts’ consensus rating is “Reduce,” with an average price target of $2.10; shares traded at $1.21 on Tuesday.

JELD-WEN (NYSE:JELD - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05, FiscalAI reports. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%. The business had revenue of $798.50 million during the quarter, compared to the consensus estimate of $804.29 million.

JELD-WEN Price Performance

NYSE:JELD traded down $0.07 on Tuesday, hitting $1.21. The company had a trading volume of 950,664 shares, compared to its average volume of 1,727,241. JELD-WEN has a 52 week low of $0.93 and a 52 week high of $3.33. The company has a current ratio of 1.73, a quick ratio of 0.98 and a debt-to-equity ratio of 97.65. The stock has a market capitalization of $104.55 million, a price-to-earnings ratio of -0.20 and a beta of 2.23. The firm has a 50 day moving average of $1.80 and a two-hundred day moving average of $1.76.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on JELD shares. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $2.00 target price on shares of JELD-WEN in a report on Thursday, August 6th. Wall Street Zen raised JELD-WEN from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. UBS Group upped their price objective on JELD-WEN from $1.60 to $1.80 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded JELD-WEN from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, September 29th. Finally, Barclays raised their price objective on JELD-WEN from $1.50 to $2.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, JELD-WEN presently has a consensus rating of "Reduce" and an average price target of $2.10.

About JELD-WEN

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.

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