JELD-WEN (NYSE:JELD) Posts Earnings Results, Misses Expectations By $0.08 EPS

JELD-WEN (NYSE:JELD) issued its earnings results on Monday. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08), Briefing.com reports. JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. The business had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business’s revenue was down 13.2% compared to the same quarter last year. JELD-WEN updated its FY 2024 guidance to EPS.

JELD-WEN Price Performance

Shares of NYSE JELD traded up $0.95 during mid-day trading on Wednesday, hitting $10.87. 2,597,137 shares of the stock traded hands, compared to its average volume of 362,289. JELD-WEN has a twelve month low of $8.90 and a twelve month high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The firm has a 50 day simple moving average of $14.79 and a two-hundred day simple moving average of $15.05.

Analyst Ratings Changes

Several equities research analysts have issued reports on JELD shares. The Goldman Sachs Group cut their price objective on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday. Royal Bank of Canada dropped their price target on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a report on Wednesday. Barclays decreased their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday. Loop Capital dropped their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. Finally, Jefferies Financial Group upped their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.50.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.