JELD-WEN (NYSE:JELD) Announces Quarterly Earnings Results

JELD-WEN (NYSE:JELD - Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02, Briefing.com reports. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $769.25 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm's quarterly revenue was down 19.1% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share.

JELD-WEN Stock Performance

Shares of JELD stock traded up $0.27 on Friday, reaching $4.22. The stock had a trading volume of 2,690,698 shares, compared to its average volume of 1,011,051. JELD-WEN has a 12 month low of $3.95 and a 12 month high of $17.70. The firm has a market capitalization of $360.24 million, a price-to-earnings ratio of -1.89 and a beta of 1.86. The firm's 50-day moving average is $5.55 and its two-hundred day moving average is $8.11. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of JELD-WEN stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $4.26 per share, with a total value of $639,000.00. Following the completion of the transaction, the insider now directly owns 13,250,853 shares in the company, valued at $56,448,633.78. This trade represents a 1.14 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven E. Wynne acquired 10,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the transaction, the director now directly owns 28,000 shares of the company's stock, valued at approximately $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 864,404 shares of company stock worth $4,662,392. Company insiders own 1.24% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group cut their price target on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday. StockNews.com upgraded JELD-WEN from a "sell" rating to a "hold" rating in a research note on Tuesday. Loop Capital decreased their price target on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday. Royal Bank of Canada cut their price objective on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group decreased their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat, JELD-WEN currently has a consensus rating of "Hold" and a consensus target price of $7.34.

About JELD-WEN

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.