Jeld-Wen Holding Inc (NYSE:JELD) – Analysts at SunTrust Banks lifted their Q3 2018 earnings per share estimates for Jeld-Wen in a report released on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst K. Hughes now anticipates that the company will post earnings per share of $0.75 for the quarter, up from their prior estimate of $0.67. SunTrust Banks also issued estimates for Jeld-Wen’s FY2018 earnings at $2.27 EPS.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.15). Jeld-Wen had a return on equity of 18.76% and a net margin of 0.29%. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1 billion. Jeld-Wen’s revenue for the quarter was up .3% on a year-over-year basis.
Shares of Jeld-Wen (NYSE:JELD) opened at $33.19 on Monday. Jeld-Wen has a 52-week low of $27.61 and a 52-week high of $42.27. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.28 and a current ratio of 1.98. The company has a market capitalization of $3,530.00 and a PE ratio of 36.88.
Institutional investors have recently made changes to their positions in the stock. Peregrine Capital Management LLC increased its stake in shares of Jeld-Wen by 0.6% in the 4th quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock valued at $17,709,000 after purchasing an additional 2,826 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Jeld-Wen in the 4th quarter valued at about $4,318,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Jeld-Wen in the 3rd quarter valued at about $579,000. Rhumbline Advisers increased its stake in shares of Jeld-Wen by 118.2% in the 3rd quarter. Rhumbline Advisers now owns 57,984 shares of the company’s stock valued at $2,060,000 after purchasing an additional 31,416 shares in the last quarter. Finally, Pzena Investment Management LLC increased its stake in shares of Jeld-Wen by 21.1% in the 4th quarter. Pzena Investment Management LLC now owns 4,755,987 shares of the company’s stock valued at $187,243,000 after purchasing an additional 829,539 shares in the last quarter. Hedge funds and other institutional investors own 53.84% of the company’s stock.
In related news, Vice Chairman Roderick Wendt sold 30,000 shares of Jeld-Wen stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $32.17, for a total value of $965,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick Wright Tolbert purchased 2,860 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $30.88 per share, with a total value of $88,316.80. Following the purchase, the director now owns 4,343 shares in the company, valued at $134,111.84. The disclosure for this purchase can be found here.
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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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