Analysts predict that Jeld-Wen Holding Inc (NYSE:JELD) will post $1.12 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Jeld-Wen’s earnings, with estimates ranging from $1.09 billion to $1.17 billion. Jeld-Wen posted sales of $1.14 billion in the same quarter last year, which suggests a negative year over year growth rate of 1.8%. The firm is expected to report its next quarterly earnings report on Tuesday, November 5th.

On average, analysts expect that Jeld-Wen will report full year sales of $4.35 billion for the current financial year, with estimates ranging from $4.30 billion to $4.47 billion. For the next financial year, analysts anticipate that the business will report sales of $4.45 billion, with estimates ranging from $4.38 billion to $4.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Jeld-Wen.

Jeld-Wen (NYSE:JELD) last announced its earnings results on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. Jeld-Wen had a net margin of 2.47% and a return on equity of 19.84%. Jeld-Wen’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS.

Several equities research analysts have recently issued reports on JELD shares. Zacks Investment Research cut Jeld-Wen from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. B. Riley set a $21.00 price objective on Jeld-Wen and gave the stock a “hold” rating in a report on Monday, August 12th. Royal Bank of Canada set a $23.00 price objective on Jeld-Wen and gave the stock a “hold” rating in a report on Wednesday, May 8th. Finally, TheStreet upgraded Jeld-Wen from a “d+” rating to a “c-” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Jeld-Wen presently has a consensus rating of “Hold” and a consensus price target of $21.58.

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Jeld-Wen by 208,100.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,082 shares of the company’s stock worth $44,000 after buying an additional 2,081 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Jeld-Wen in the 2nd quarter worth $49,000. Point72 Hong Kong Ltd purchased a new position in shares of Jeld-Wen in the 2nd quarter worth $58,000. Pearl River Capital LLC purchased a new position in Jeld-Wen in the first quarter valued at about $78,000. Finally, Aperio Group LLC purchased a new position in Jeld-Wen in the second quarter valued at about $117,000. 61.64% of the stock is currently owned by institutional investors and hedge funds.

NYSE:JELD traded up $0.49 during trading hours on Monday, reaching $17.46. 315,700 shares of the company traded hands, compared to its average volume of 396,119. The firm’s 50-day moving average is $20.54 and its 200-day moving average is $19.81. The stock has a market cap of $1.75 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.04 and a beta of 2.51. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.66 and a quick ratio of 0.96. Jeld-Wen has a 1-year low of $13.28 and a 1-year high of $26.90.

About Jeld-Wen

JELD-WEN Holding, Inc 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, and aluminum windows.

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Earnings History and Estimates for Jeld-Wen (NYSE:JELD)

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