Janus International Group (NYSE:JBI) Issues Earnings Results, Misses Expectations By $0.09 EPS

Janus International Group (NYSE:JBI) announced its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09), Briefing.com reports. The firm had revenue of $230.10 million for the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a return on equity of 21.00% and a net margin of 10.62%. The business’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. Janus International Group updated its FY 2024 guidance to EPS.

Janus International Group Stock Up 0.4 %

NYSE:JBI traded up $0.03 on Friday, hitting $7.39. 728,607 shares of the company’s stock were exchanged, compared to its average volume of 2,026,639. The firm has a 50-day moving average price of $10.03 and a 200-day moving average price of $12.17. Janus International Group has a 52 week low of $6.68 and a 52 week high of $15.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47. The company has a market cap of $1.07 billion, a P/E ratio of 10.22 and a beta of 0.88.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JBI shares. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Jefferies Financial Group cut their price target on Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. UBS Group reduced their price target on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research report on Wednesday. Benchmark cut their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, KeyCorp decreased their target price on Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.38.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.