Jeld-Wen Holding Inc (NYSE:JELD) – SunTrust Banks cut their Q1 2018 earnings estimates for shares of Jeld-Wen in a report released on Wednesday. SunTrust Banks analyst K. Hughes now expects that the company will earn $0.32 per share for the quarter, down from their prior estimate of $0.35. SunTrust Banks also issued estimates for Jeld-Wen’s Q4 2018 earnings at $0.52 EPS.
A number of other research firms have also recently issued reports on JELD. Royal Bank of Canada set a $39.00 target price on shares of Jeld-Wen and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research cut shares of Jeld-Wen from a “strong-buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird reiterated an “outperform” rating and issued a $42.00 target price (down previously from $46.00) on shares of Jeld-Wen in a research note on Thursday. Bank of America reiterated a “buy” rating and issued a $41.00 target price (down previously from $44.00) on shares of Jeld-Wen in a research note on Thursday. Finally, JPMorgan Chase & Co. cut shares of Jeld-Wen from an “overweight” rating to a “neutral” rating and set a $32.00 target price for the company. in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.77.
Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.15). The company had revenue of $976.00 million for the quarter, compared to analyst estimates of $1 billion. Jeld-Wen had a net margin of 0.29% and a return on equity of 18.71%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in Jeld-Wen in the 3rd quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Jeld-Wen by 331.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock worth $139,000 after purchasing an additional 2,706 shares during the last quarter. Strs Ohio bought a new position in Jeld-Wen in the 4th quarter worth approximately $149,000. Virtu Financial LLC bought a new position in Jeld-Wen in the 4th quarter worth approximately $205,000. Finally, First Quadrant L P CA bought a new position in Jeld-Wen in the 4th quarter worth approximately $219,000. Hedge funds and other institutional investors own 48.49% of the company’s stock.
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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