Janus International Group (NYSE:JBI) Releases Earnings Results

Janus International Group (NYSE:JBI) released its quarterly earnings data on Tuesday. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03, FiscalAI reports. The business had revenue of $233.50 million during the quarter, compared to analysts’ expectations of $238.78 million. Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS.

Janus International Group Stock Performance

NYSE:JBI traded down $0.17 during midday trading on Tuesday, hitting $5.20. The company’s stock had a trading volume of 725,350 shares, compared to its average volume of 1,566,167. The firm has a market cap of $721.93 million, a P/E ratio of 16.76 and a beta of 1.47. The firm’s 50 day moving average is $5.32 and its 200-day moving average is $5.66. Janus International Group has a fifty-two week low of $4.26 and a fifty-two week high of $10.80. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.65 and a quick ratio of 2.19.

Analysts Set New Price Targets

JBI has been the subject of a number of research reports. UBS Group reduced their target price on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Janus International Group has a consensus rating of “Hold” and an average target price of $8.33.

Hedge Funds Weigh In On Janus International Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBI. Northwestern Mutual Wealth Management Co. boosted its stake in Janus International Group by 1,978.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after purchasing an additional 5,105 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Janus International Group by 771.0% during the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after buying an additional 6,399 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Janus International Group in the fourth quarter valued at about $91,000. BNP Paribas Financial Markets raised its position in shares of Janus International Group by 37.3% in the second quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company’s stock valued at $109,000 after buying an additional 3,637 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Janus International Group in the third quarter worth about $127,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Company Profile

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.