Janus International Group (NYSE:JBI - Get Free Report) released its earnings results 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. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. The business had revenue of $230.10 million for the quarter, compared to the consensus estimate of $248.21 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm's revenue for the quarter was down 17.9% on a year-over-year basis. Janus International Group updated its FY 2024 guidance to EPS.
Janus International Group Trading Down 29.8 %
NYSE:JBI traded down $3.07 during trading hours on Tuesday, hitting $7.24. 21,207,923 shares of the company were exchanged, compared to its average volume of 1,995,758. The company has a fifty day simple moving average of $10.18 and a 200 day simple moving average of $12.24. Janus International Group has a one year low of $6.68 and a one year high of $15.86. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 7.62 and a beta of 0.88. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. KeyCorp dropped 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 report on Monday, October 14th. Wolfe Research cut shares of Janus International Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Benchmark dropped their price target on 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 Janus International Group from $14.50 to $12.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Finally, 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. 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.75.
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About Janus International Group
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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.
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