Analysts expect Jeld-Wen Holding Inc (NYSE:JELD) to post sales of $1.16 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Jeld-Wen’s earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.13 billion. Jeld-Wen posted sales of $948.70 million during the same quarter last year, which suggests a positive year over year growth rate of 22.3%. The company is expected to announce its next earnings results before the market opens on Tuesday, August 7th.

On average, analysts expect that Jeld-Wen will report full-year sales of $4.42 billion for the current year, with estimates ranging from $4.37 billion to $4.46 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.70 billion per share, with estimates ranging from $4.54 billion to $4.78 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Jeld-Wen.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The firm had revenue of $946.20 million during the quarter, compared to analyst estimates of $908.71 million. Jeld-Wen had a return on equity of 21.18% and a net margin of 1.16%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS.

JELD has been the subject of several recent analyst reports. Bank of America lowered Jeld-Wen from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Monday, May 14th. Jefferies Financial Group initiated coverage on Jeld-Wen in a report on Tuesday, April 17th. They issued a “hold” rating and a $32.00 target price for the company. Zacks Investment Research lowered Jeld-Wen from a “buy” rating to a “hold” rating in a report on Friday, May 11th. ValuEngine lowered Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. Finally, Barclays set a $37.00 target price on Jeld-Wen and gave the company a “buy” rating in a report on Tuesday, May 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.92.

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in Jeld-Wen by 337.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock valued at $114,000 after purchasing an additional 2,924 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in Jeld-Wen by 2,656.7% in the first quarter. Summit Trail Advisors LLC now owns 200,689 shares of the company’s stock valued at $201,000 after purchasing an additional 193,409 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Jeld-Wen by 387.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,098 shares of the company’s stock valued at $240,000 after purchasing an additional 4,848 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in Jeld-Wen in the fourth quarter valued at approximately $260,000. Finally, Amalgamated Bank lifted its stake in Jeld-Wen by 19.1% in the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after purchasing an additional 1,721 shares during the last quarter. Institutional investors and hedge funds own 61.87% of the company’s stock.

Shares of Jeld-Wen traded down $0.21, hitting $27.49, during trading on Monday, Marketbeat.com reports. The company’s stock had a trading volume of 541,618 shares, compared to its average volume of 764,430. The firm has a market cap of $2.96 billion, a PE ratio of 18.57, a P/E/G ratio of 0.63 and a beta of 2.29. The company has a quick ratio of 1.13, a current ratio of 1.96 and a debt-to-equity ratio of 1.70. Jeld-Wen has a 52 week low of $26.32 and a 52 week high of $42.27.

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.

See Also: Penny Stocks

Get a free copy of the Zacks research report on Jeld-Wen (JELD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Jeld-Wen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeld-Wen and related companies with MarketBeat.com's FREE daily email newsletter.