JELD-WEN Holding, Inc. Forecasted to Post Q1 2024 Earnings of $0.30 Per Share (NYSE:JELD)

JELD-WEN Holding, Inc. (NYSE:JELDFree Report) – Equities researchers at B. Riley issued their Q1 2024 earnings estimates for shares of JELD-WEN in a note issued to investors on Wednesday, February 21st. B. Riley analyst A. Rygiel anticipates that the company will post earnings per share of $0.30 for the quarter. B. Riley has a “Neutral” rating and a $20.00 price objective on the stock. The consensus estimate for JELD-WEN’s current full-year earnings is $1.67 per share. B. Riley also issued estimates for JELD-WEN’s Q2 2024 earnings at $0.54 EPS, FY2024 earnings at $2.02 EPS and FY2025 earnings at $2.27 EPS.

JELD-WEN (NYSE:JELDGet Free Report) last issued its quarterly earnings data on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.12. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $0.47 EPS.

Several other brokerages also recently weighed in on JELD. JPMorgan Chase & Co. lifted their target price on shares of JELD-WEN from $17.50 to $18.00 and gave the company a “neutral” rating in a report on Monday, November 13th. Stifel Nicolaus lifted their target price on shares of JELD-WEN from $18.00 to $21.00 and gave the company a “hold” rating in a report on Tuesday, December 19th. The Goldman Sachs Group lifted their target price on shares of JELD-WEN from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, December 14th. Loop Capital assumed coverage on shares of JELD-WEN in a report on Thursday, February 15th. They issued a “hold” rating and a $22.00 target price on the stock. Finally, Oppenheimer began coverage on shares of JELD-WEN in a report on Friday, January 19th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.30.

Check Out Our Latest Research Report on JELD-WEN

JELD-WEN Trading Down 2.2 %

Shares of JELD-WEN stock opened at $17.99 on Monday. JELD-WEN has a 1 year low of $10.96 and a 1 year high of $20.10. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.49 and a current ratio of 2.20. The company has a market capitalization of $1.54 billion, a P/E ratio of 24.64, a PEG ratio of 1.59 and a beta of 2.37. The company’s fifty day moving average is $18.61 and its two-hundred day moving average is $15.83.

Hedge Funds Weigh In On JELD-WEN

Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in JELD-WEN during the fourth quarter worth approximately $7,316,000. Arrowstreet Capital Limited Partnership purchased a new stake in JELD-WEN during the fourth quarter worth approximately $5,781,000. BlackRock Inc. grew its stake in JELD-WEN by 7.9% during the second quarter. BlackRock Inc. now owns 7,180,977 shares of the company’s stock worth $125,954,000 after buying an additional 526,959 shares during the period. Dimensional Fund Advisors LP grew its stake in JELD-WEN by 25.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,488,037 shares of the company’s stock worth $43,641,000 after buying an additional 506,588 shares during the period. Finally, Vanguard Group Inc. grew its stake in JELD-WEN by 4.1% during the third quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock worth $117,442,000 after buying an additional 344,435 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 53,000 shares of JELD-WEN stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the completion of the transaction, the insider now owns 814,463 shares in the company, valued at $15,922,751.65. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently owned by company insiders.

About JELD-WEN

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JELD-WEN Holding, Inc designs, 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, aluminum, and wood composite windows.

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