Jason Industries (JASN) Issues Earnings Results

Jason Industries (NASDAQ:JASN) announced its earnings results on Thursday. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06), MarketWatch Earnings reports. The business had revenue of $141.98 million during the quarter, compared to the consensus estimate of $153.40 million. Jason Industries updated its FY 2019 guidance to EPS.

NASDAQ JASN traded up $0.02 on Friday, reaching $1.36. The stock had a trading volume of 132,282 shares, compared to its average volume of 109,160. The firm has a market cap of $38.08 million, a price-to-earnings ratio of -2.52 and a beta of 1.17. Jason Industries has a 12-month low of $1.29 and a 12-month high of $3.70.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Skylands Capital LLC raised its position in Jason Industries by 9.4% in the first quarter. Skylands Capital LLC now owns 590,802 shares of the technology company’s stock valued at $827,000 after purchasing an additional 50,802 shares during the period. Wynnefield Capital Inc. grew its stake in shares of Jason Industries by 3.7% in the fourth quarter. Wynnefield Capital Inc. now owns 5,133,296 shares of the technology company’s stock worth $7,033,000 after acquiring an additional 182,977 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Jason Industries in the fourth quarter worth $44,000. BlackRock Inc. grew its stake in shares of Jason Industries by 7.1% in the fourth quarter. BlackRock Inc. now owns 103,581 shares of the technology company’s stock worth $142,000 after acquiring an additional 6,883 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in shares of Jason Industries by 2.1% in the third quarter. Vanguard Group Inc now owns 733,683 shares of the technology company’s stock worth $2,472,000 after acquiring an additional 15,131 shares in the last quarter. 34.60% of the stock is currently owned by institutional investors.

Separately, ValuEngine raised Jason Industries from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th.

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Jason Industries Company Profile

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

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Earnings History for Jason Industries (NASDAQ:JASN)

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