Janus International Group (NYSE:JBI) Announces Earnings Results, Beats Expectations By $0.02 EPS

Janus International Group (NYSE:JBI - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.02, Briefing.com reports. Janus International Group had a net margin of 12.73% and a return on equity of 30.00%. The business had revenue of $254.50 million for the quarter, compared to analysts' expectations of $252.90 million. During the same period last year, the business earned $0.18 earnings per share. The business's quarterly revenue was up 1.0% on a year-over-year basis. Janus International Group updated its FY 2024 guidance to EPS.

Janus International Group Stock Down 1.9 %

Janus International Group stock traded down $0.27 during mid-day trading on Friday, reaching $13.69. The stock had a trading volume of 3,984,828 shares, compared to its average volume of 1,572,328. The company has a 50-day moving average price of $14.61 and a two-hundred day moving average price of $13.20. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.17 and a beta of 0.95. Janus International Group has a one year low of $8.66 and a one year high of $15.86. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.66 and a quick ratio of 2.38.

Analyst Ratings Changes

Several analysts have weighed in on JBI shares. Benchmark lowered their price target on shares of Janus International Group from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, March 1st. Jefferies Financial Group assumed coverage on Janus International Group in a research note on Monday, April 15th. They issued a "buy" rating and a $20.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Janus International Group presently has an average rating of "Moderate Buy" and an average price target of $16.30.

Insider Activity

In other Janus International Group news, VP Norman V. Nettie sold 90,000 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.27, for a total value of $1,374,300.00. Following the completion of the sale, the vice president now owns 285,786 shares in the company, valued at $4,363,952.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Norman V. Nettie sold 90,000 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.27, for a total value of $1,374,300.00. Following the transaction, the vice president now directly owns 285,786 shares of the company's stock, valued at approximately $4,363,952.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ramey Pierce Jackson sold 100,000 shares of the firm's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.26, for a total value of $1,526,000.00. Following the transaction, the chief executive officer now owns 564,510 shares of the company's stock, valued at approximately $8,614,422.60. The disclosure for this sale can be found here. Insiders sold a total of 340,000 shares of company stock valued at $5,189,300 in the last 90 days. Company insiders own 42.90% of the company's stock.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.

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