Janus International Group (NYSE:JBI) Trading Down 19.4% on Disappointing Earnings

Janus International Group, Inc. (NYSE:JBI) shares traded down 19.4% during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $7.85 and last traded at $7.4850. 597,589 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 1,222,870 shares. The stock had previously closed at $9.29.

The company reported $0.24 earnings per share (EPS) for the quarter. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The firm had revenue of $148.59 million for the quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on JBI shares. Jefferies Financial Group raised their target price on Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Wednesday, August 20th. Wall Street Zen raised Janus International Group from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. KeyCorp lifted their price objective on Janus International Group from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Janus International Group in a report on Wednesday, October 8th. Finally, UBS Group lifted their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.67.

Institutional Trading of Janus International Group

A number of hedge funds have recently bought and sold shares of JBI. AlphaQuest LLC lifted its position in Janus International Group by 336.2% in the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock worth $37,000 after buying an additional 3,924 shares during the last quarter. Quarry LP bought a new stake in Janus International Group in the 1st quarter worth approximately $43,000. Russell Investments Group Ltd. lifted its position in Janus International Group by 771.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after buying an additional 6,399 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Janus International Group in the 3rd quarter worth approximately $70,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Janus International Group during the first quarter valued at approximately $72,000. Institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Down 20.8%

The company has a debt-to-equity ratio of 1.00, a current ratio of 2.61 and a quick ratio of 2.26. The company has a 50 day moving average price of $10.00 and a 200-day moving average price of $9.06. The stock has a market capitalization of $1.02 billion, a PE ratio of 23.69 and a beta of 1.34.

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.