Janus International Group (NYSE:JBI) Reaches New 1-Year Low After Earnings Miss

Janus International Group, Inc. (NYSE:JBI - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $6.69 and last traded at $7.22, with a volume of 251745 shares changing hands. The stock had previously closed at $10.31.

The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). The business had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. The business's revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS.

Analyst Ratings Changes

Several equities analysts have commented on JBI shares. Benchmark dropped their price target on shares of Janus International Group from $21.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, August 9th. UBS Group lowered their target price on shares of Janus International Group from $14.50 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. 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 lowered their target price on shares of Janus International Group from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, September 10th. Finally, KeyCorp lowered their target price on shares of Janus International Group from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, October 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.75.

Institutional Investors Weigh In On Janus International Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Janus International Group by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company's stock valued at $151,857,000 after buying an additional 2,458,953 shares during the last quarter. Saxon Interests Inc. purchased a new stake in shares of Janus International Group in the first quarter valued at about $189,000. Principal Financial Group Inc. purchased a new stake in shares of Janus International Group in the first quarter valued at about $173,000. Mutual of America Capital Management LLC raised its holdings in shares of Janus International Group by 131.3% in the first quarter. Mutual of America Capital Management LLC now owns 575,474 shares of the company's stock valued at $8,707,000 after buying an additional 326,707 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Janus International Group by 15.5% in the first quarter. GSA Capital Partners LLP now owns 75,124 shares of the company's stock valued at $1,137,000 after buying an additional 10,094 shares during the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Stock Down 29.8 %

The business's fifty day moving average price is $10.25 and its 200 day moving average price is $12.29. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $1.06 billion, a PE ratio of 7.71 and a beta of 0.88.

About Janus International Group

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.