Analysts expect that Jeld-Wen Holding Inc (NYSE:JELD) will post sales of $1.08 billion for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Jeld-Wen's earnings, with estimates ranging from $1.03 billion to $1.12 billion. Jeld-Wen reported sales of $1.09 billion during the same quarter last year, which would indicate a negative year over year growth rate of 0.9%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, November 3rd.
On average, analysts expect that Jeld-Wen will report full-year sales of $4.10 billion for the current year, with estimates ranging from $4.06 billion to $4.12 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.29 billion, with estimates ranging from $4.16 billion to $4.40 billion. Zacks' sales averages are a mean average based on a survey of research analysts that follow Jeld-Wen.
Jeld-Wen (NYSE:JELD) last announced its earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.18 by $0.29. Jeld-Wen had a return on equity of 14.02% and a net margin of 1.15%. The business had revenue of $992.30 million during the quarter, compared to the consensus estimate of $974.53 million. During the same period in the prior year, the company posted $0.45 EPS. The business's quarterly revenue was down 11.3% on a year-over-year basis.
JELD has been the topic of several research reports. Royal Bank of Canada raised shares of Jeld-Wen from an "underperform" rating to a "sector perform" rating and set a $20.00 price target on the stock in a research note on Wednesday, August 5th. ValuEngine upgraded shares of Jeld-Wen from a "sell" rating to a "hold" rating in a report on Tuesday, September 15th. Zacks Investment Research upgraded Jeld-Wen from a "hold" rating to a "buy" rating and set a $28.00 target price on the stock in a report on Saturday. Barclays increased their price target on Jeld-Wen from $25.00 to $30.00 and gave the company an "overweight" rating in a report on Monday, October 12th. They noted that the move was a valuation call. Finally, Wells Fargo & Company upgraded Jeld-Wen from an "equal weight" rating to an "overweight" rating and set a $32.00 price objective on the stock in a research report on Monday, October 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. The company currently has a consensus rating of "Hold" and a consensus target price of $19.75.
Shares of JELD opened at $24.96 on Monday. Jeld-Wen has a 52-week low of $6.06 and a 52-week high of $27.32. The stock has a market cap of $2.51 billion, a PE ratio of 52.00, a price-to-earnings-growth ratio of 0.99 and a beta of 2.71. The firm's fifty day moving average is $22.49 and its two-hundred day moving average is $17.28. The company has a quick ratio of 1.29, a current ratio of 1.94 and a debt-to-equity ratio of 2.04.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JELD. Principal Financial Group Inc. raised its holdings in Jeld-Wen by 9.3% in the 2nd quarter. Principal Financial Group Inc. now owns 328,400 shares of the company's stock valued at $5,291,000 after buying an additional 27,914 shares during the period. Wells Fargo & Company MN increased its position in shares of Jeld-Wen by 61.6% during the first quarter. Wells Fargo & Company MN now owns 196,623 shares of the company's stock valued at $1,913,000 after acquiring an additional 74,938 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Jeld-Wen by 11.9% in the 1st quarter. Nuveen Asset Management LLC now owns 332,261 shares of the company's stock valued at $3,233,000 after acquiring an additional 35,245 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Jeld-Wen by 77.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,626 shares of the company's stock worth $356,000 after acquiring an additional 15,956 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Jeld-Wen by 58.8% during the 1st quarter. AQR Capital Management LLC now owns 162,538 shares of the company's stock worth $1,581,000 after purchasing an additional 60,188 shares during the period. Institutional investors and hedge funds own 60.98% of the company's stock.
Jeld-Wen Company Profile
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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