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

Key Points

• Janus International Group beat earnings expectations, reporting quarterly EPS of $0.17 versus the $0.14 consensus estimate. Revenue was $233.5 million, below estimates of $238.78 million but up 2.4% year over year.
• Shares fell 3.2% to $5.20 following the results. The stock remains well below its 52-week high of $10.80 and has a market capitalization of approximately $722 million.
• Institutional investors own 88.78% of the company’s shares, while analysts maintain a consensus “Hold” rating with an average price target of $8.33.

Janus International Group (NYSE:JBI - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03, FiscalAI reports. The business had revenue of $233.50 million for the quarter, compared to analyst estimates of $238.78 million. Janus International Group had a net margin of 4.82% and a return on equity of 12.18%. Janus International Group's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 EPS.

Janus International Group Trading Down 3.2%

Shares of JBI traded down $0.17 during mid-day trading on Tuesday, reaching $5.20. 725,350 shares of the company were exchanged, compared to its average volume of 1,566,167. The business has a 50 day simple moving average of $5.32 and a two-hundred day simple moving average of $5.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.19 and a current ratio of 2.65. The stock has a market capitalization of $721.93 million, a PE ratio of 16.76 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.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Janus International Group by 1,978.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company's stock worth $35,000 after acquiring an additional 5,105 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company's stock worth $59,000 after purchasing an additional 6,399 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Janus International Group in the 4th quarter valued at $91,000. BNP Paribas Financial Markets boosted its holdings in Janus International Group by 37.3% during the second quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company's stock worth $109,000 after purchasing an additional 3,637 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Janus International Group in the third quarter worth $127,000. Institutional investors and hedge funds own 88.78% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JBI shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Janus International Group in a research report on Wednesday, June 24th. UBS Group cut their price objective on Janus International Group from $7.25 to $6.00 and set a "neutral" rating for the company in a report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Janus International Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Janus International Group has an average rating of "Hold" and a consensus price target of $8.33.

Janus International Group Company Profile

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.

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