Equities research analysts expect Jeld-Wen Holding Inc (NYSE:JELD) to post sales of $1.17 billion for the current quarter, according to Zacks. Eight analysts have issued estimates for Jeld-Wen’s earnings, with estimates ranging from $1.15 billion to $1.19 billion. Jeld-Wen also reported sales of $1.17 billion in the same quarter last year. The business is expected to announce its next earnings results on Tuesday, August 6th.
On average, analysts expect that Jeld-Wen will report full year sales of $4.48 billion for the current year, with estimates ranging from $4.45 billion to $4.51 billion. For the next year, analysts forecast that the business will post sales of $4.60 billion, with estimates ranging from $4.54 billion to $4.65 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Jeld-Wen.
Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Jeld-Wen had a net margin of 2.74% and a return on equity of 20.28%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS.
Shares of JELD traded up $0.24 during trading hours on Monday, reaching $20.84. 261,015 shares of the company’s stock traded hands, compared to its average volume of 631,645. The company has a market cap of $2.02 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.00 and a beta of 2.89. The company has a current ratio of 1.64, a quick ratio of 0.93 and a debt-to-equity ratio of 2.19. Jeld-Wen has a 12 month low of $13.28 and a 12 month high of $30.25.
In related news, Chairman Kirk S. Hachigian sold 42,927 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $20.08, for a total value of $861,974.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.47% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC increased its stake in Jeld-Wen by 21.5% in the 4th quarter. Pzena Investment Management LLC now owns 8,345,441 shares of the company’s stock worth $118,589,000 after purchasing an additional 1,477,003 shares during the period. FMR LLC increased its stake in Jeld-Wen by 21.1% in the 4th quarter. FMR LLC now owns 6,631,180 shares of the company’s stock worth $94,229,000 after purchasing an additional 1,157,073 shares during the period. BlackRock Inc. increased its stake in Jeld-Wen by 1.3% in the 4th quarter. BlackRock Inc. now owns 5,004,191 shares of the company’s stock worth $71,110,000 after purchasing an additional 63,418 shares during the period. Southpoint Capital Advisors LP increased its stake in Jeld-Wen by 5.7% in the 1st quarter. Southpoint Capital Advisors LP now owns 2,500,000 shares of the company’s stock worth $44,150,000 after purchasing an additional 133,825 shares during the period. Finally, Empire Life Investments Inc. increased its stake in Jeld-Wen by 0.5% in the 1st quarter. Empire Life Investments Inc. now owns 2,412,600 shares of the company’s stock worth $42,607,000 after purchasing an additional 11,218 shares during the period. 67.39% of the stock is currently owned by institutional investors and hedge funds.
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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