Jeld-Wen Holding Inc (NYSE:JELD) – Seaport Global Securities lowered their Q2 2019 EPS estimates for shares of Jeld-Wen in a report issued on Thursday, May 9th. Seaport Global Securities analyst R. Garner now anticipates that the company will post earnings per share of $0.52 for the quarter, down from their previous forecast of $0.54. Seaport Global Securities currently has a “Buy” rating and a $26.00 price objective on the stock. Seaport Global Securities also issued estimates for Jeld-Wen’s Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.47 EPS, FY2019 earnings at $1.85 EPS and FY2020 earnings at $2.20 EPS.
A number of other equities research analysts also recently issued reports on JELD. Royal Bank of Canada set a $21.00 price target on shares of Jeld-Wen and gave the company a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of Jeld-Wen from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, Credit Suisse Group set a $20.00 target price on shares of Jeld-Wen and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Jeld-Wen presently has a consensus rating of “Hold” and a consensus target price of $22.71.
Jeld-Wen (NYSE:JELD) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Jeld-Wen had a net margin of 2.74% and a return on equity of 20.28%. Jeld-Wen’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in Jeld-Wen by 49.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 521,243 shares of the company’s stock worth $12,854,000 after acquiring an additional 171,513 shares in the last quarter. Skyline Asset Management LP grew its holdings in Jeld-Wen by 46.2% during the 4th quarter. Skyline Asset Management LP now owns 686,800 shares of the company’s stock worth $9,759,000 after acquiring an additional 217,102 shares in the last quarter. DNB Asset Management AS grew its holdings in Jeld-Wen by 223.5% during the 4th quarter. DNB Asset Management AS now owns 102,862 shares of the company’s stock worth $1,462,000 after acquiring an additional 71,062 shares in the last quarter. Norges Bank acquired a new position in Jeld-Wen during the 4th quarter worth approximately $10,991,000. Finally, Rafferty Asset Management LLC grew its holdings in Jeld-Wen by 8.5% during the 4th quarter. Rafferty Asset Management LLC now owns 11,043 shares of the company’s stock worth $157,000 after acquiring an additional 861 shares in the last quarter. Institutional investors own 68.20% of the company’s stock.
In related news, Chairman Kirk S. Hachigian sold 42,927 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $20.08, for a total transaction of $861,974.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is owned by corporate insiders.
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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