JELD-WEN Holding, Inc. (NYSE:JELD) to Post Q2 2021 Earnings of $0.70 Per Share, Northcoast Research Forecasts

JELD-WEN Holding, Inc. (NYSE:JELD) – Analysts at Northcoast Research raised their Q2 2021 earnings per share (EPS) estimates for JELD-WEN in a research report issued to clients and investors on Monday, May 3rd. Northcoast Research analyst K. Hocevar now forecasts that the company will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.66. Northcoast Research has a “Buy” rating and a $33.00 price objective on the stock. Northcoast Research also issued estimates for JELD-WEN’s Q3 2021 earnings at $0.71 EPS, Q4 2021 earnings at $0.62 EPS, FY2021 earnings at $2.30 EPS and FY2022 earnings at $2.70 EPS.

JELD-WEN (NYSE:JELD) last posted its earnings results on Friday, April 30th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.04 billion. JELD-WEN had a return on equity of 16.72% and a net margin of 1.35%. JELD-WEN’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share.

Other analysts also recently issued reports about the company. Barclays upped their price objective on JELD-WEN from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday. B. Riley increased their target price on JELD-WEN from $25.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 17th. Zacks Investment Research upgraded JELD-WEN from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, April 28th. Finally, Wolfe Research assumed coverage on JELD-WEN in a research report on Monday, March 22nd. They set an “outperform” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.08.

Shares of NYSE:JELD opened at $30.25 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.93 and a debt-to-equity ratio of 1.90. JELD-WEN has a 52-week low of $10.85 and a 52-week high of $31.47. The stock’s fifty day simple moving average is $28.90 and its 200-day simple moving average is $26.47. The company has a market capitalization of $3.06 billion, a P/E ratio of 54.02, a P/E/G ratio of 0.81 and a beta of 2.58.

In related news, EVP Daniel J. Castillo sold 1,333 shares of the company’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $30.23, for a total transaction of $40,296.59. Following the transaction, the executive vice president now owns 160,048 shares in the company, valued at approximately $4,838,251.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.19% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new position in JELD-WEN during the 4th quarter valued at about $33,000. Toth Financial Advisory Corp bought a new stake in shares of JELD-WEN in the 1st quarter valued at about $47,000. Nisa Investment Advisors LLC increased its stake in shares of JELD-WEN by 66.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,500 shares of the company’s stock valued at $89,000 after acquiring an additional 1,400 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of JELD-WEN by 1,021.4% in the 4th quarter. State of Alaska Department of Revenue now owns 7,962 shares of the company’s stock valued at $201,000 after acquiring an additional 7,252 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in JELD-WEN during the 1st quarter worth approximately $143,000. Institutional investors own 60.86% of the company’s stock.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, 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, aluminum, and wood composite windows.

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Earnings History and Estimates for JELD-WEN (NYSE:JELD)

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