Janus International Group (NYSE:JBI) Releases Earnings Results, Misses Estimates By $0.04 EPS

Janus International Group (NYSE:JBI) released its quarterly earnings data on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04), FiscalAI reports. Janus International Group had a return on equity of 14.18% and a net margin of 5.29%.The company had revenue of $226.30 million for the quarter, compared to the consensus estimate of $217.45 million.

Janus International Group Stock Up 4.4%

JBI stock traded up $0.29 during trading on Wednesday, reaching $6.92. The stock had a trading volume of 1,298,580 shares, compared to its average volume of 1,090,282. The company has a quick ratio of 2.57, a current ratio of 3.03 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $960.63 million, a price-to-earnings ratio of 20.35 and a beta of 1.47. Janus International Group has a one year low of $5.72 and a one year high of $10.80. The company’s 50 day moving average is $6.95 and its two-hundred day moving average is $8.07.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. UBS Group reduced their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a report on Monday, December 29th. Zacks Research upgraded shares of Janus International Group to a “hold” rating in a report on Monday, December 15th. Finally, Wall Street Zen raised shares of Janus International Group from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.17.

Hedge Funds Weigh In On Janus International Group

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in Janus International Group by 23.6% in the 1st quarter. Royal Bank of Canada now owns 150,581 shares of the company’s stock worth $1,084,000 after acquiring an additional 28,709 shares during the last quarter. AQR Capital Management LLC boosted its position in Janus International Group by 66.4% during the first quarter. AQR Capital Management LLC now owns 272,602 shares of the company’s stock worth $1,963,000 after purchasing an additional 108,809 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Janus International Group in the first quarter worth about $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Janus International Group by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,787 shares of the company’s stock valued at $2,014,000 after purchasing an additional 14,125 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Janus International Group by 118.1% during the 1st quarter. Jane Street Group LLC now owns 189,655 shares of the company’s stock valued at $1,366,000 after buying an additional 102,679 shares in the last quarter. 88.78% of the stock is owned by institutional investors.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.