Jeld-Wen Holding Inc (NYSE:JELD) – SunTrust Banks reduced their Q1 2018 earnings estimates for Jeld-Wen in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst K. Hughes now expects that the company will earn $0.32 per share for the quarter, down from their previous forecast of $0.35. SunTrust Banks also issued estimates for Jeld-Wen’s Q4 2018 earnings at $0.52 EPS.
JELD has been the subject of several other reports. Credit Suisse Group reissued an “outperform” rating and set a $47.00 price target (up from $41.00) on shares of Jeld-Wen in a report on Monday, January 22nd. They noted that the move was a valuation call. Citigroup set a $40.00 price target on shares of Jeld-Wen and gave the company a “neutral” rating in a report on Wednesday, February 14th. Zacks Investment Research downgraded shares of Jeld-Wen from a “buy” rating to a “hold” rating in a report on Friday, January 12th. B. Riley lifted their price target on shares of Jeld-Wen from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Finally, Barclays lifted their price target on shares of Jeld-Wen from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Jeld-Wen currently has an average rating of “Hold” and a consensus price target of $40.00.
Jeld-Wen (NYSE:JELD) last issued its earnings results on Wednesday, February 21st. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.15). Jeld-Wen had a net margin of 0.29% and a return on equity of 18.71%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1 billion. The company’s quarterly revenue was up .3% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in shares of Jeld-Wen in the third quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Jeld-Wen by 331.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock worth $139,000 after acquiring an additional 2,706 shares during the last quarter. Strs Ohio bought a new position in shares of Jeld-Wen in the fourth quarter worth about $149,000. Virtu Financial LLC bought a new position in shares of Jeld-Wen in the fourth quarter worth about $205,000. Finally, First Quadrant L P CA bought a new position in shares of Jeld-Wen in the fourth quarter worth about $219,000. 48.49% of the stock is owned by institutional investors.
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JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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