Janus International Group (NYSE:JBI) Reaches New 1-Year Low on Disappointing Earnings

Janus International Group, Inc. (NYSE:JBI) shares reached a new 52-week low on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $3.94 and last traded at $4.0550, with a volume of 541,848 shares changing hands. The stock had previously closed at $4.76.

The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). Janus International Group had a return on equity of 11.27% and a net margin of 3.68%. The company had revenue of $213.10 million during the quarter, compared to analysts’ expectations of $235.00 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

JBI has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a report on Monday, September 21st. UBS Group cut their target price on shares of Janus International Group from $6.00 to $5.60 and set a “neutral” rating for the company in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Janus International Group has an average rating of “Hold” and a consensus price target of $7.30.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JBI. First Trust Advisors LP grew its holdings in Janus International Group by 155.8% in the first quarter. First Trust Advisors LP now owns 415,351 shares of the company’s stock worth $2,139,000 after purchasing an additional 252,972 shares during the last quarter. Sei Investments Co. increased its position in shares of Janus International Group by 83.3% during the first quarter. Sei Investments Co. now owns 517,883 shares of the company’s stock worth $2,667,000 after purchasing an additional 235,331 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Janus International Group by 12.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company’s stock valued at $21,657,000 after purchasing an additional 474,205 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Janus International Group during the 1st quarter valued at $1,301,000. Finally, MW Advisory LLC acquired a new stake in shares of Janus International Group in the 2nd quarter worth $12,119,000. Institutional investors own 88.78% of the company’s stock.

Janus International Group Price Performance

The company has a current ratio of 2.94, a quick ratio of 2.50 and a debt-to-equity ratio of 0.94. The stock has a market cap of $552.58 million, a price-to-earnings ratio of 16.69 and a beta of 1.37. The stock has a 50-day moving average price of $4.45 and a two-hundred day moving average price of $5.31.

About Janus International Group

Janus International Group, Inc (NYSE:JBI) is a global manufacturer and supplier of building products and technology solutions for the self-storage and commercial construction industries. The company provides systems designed to support the development, renovation, operation and security of storage facilities and other commercial properties.

Its products and services include roll-up doors, hallway systems, relocatable storage units, facility and building components, and access-control solutions.