Janus International Group (NYSE:JBI) Issues Earnings Results

Janus International Group (NYSE:JBI) released its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09), FiscalAI reports. Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.During the same period last year, the firm earned $0.13 EPS. Janus International Group’s quarterly revenue was up 5.8% compared to the same quarter last year.

Janus International Group Stock Performance

JBI stock traded down $0.42 during trading on Tuesday, hitting $4.66. The company had a trading volume of 516,895 shares, compared to its average volume of 1,476,605. The firm has a 50-day moving average price of $5.43 and a 200-day moving average price of $6.50. The company has a quick ratio of 3.04, a current ratio of 3.54 and a debt-to-equity ratio of 0.94. The firm has a market cap of $646.94 million, a PE ratio of 11.67 and a beta of 1.49. Janus International Group has a 1-year low of $4.26 and a 1-year high of $10.80.

Hedge Funds Weigh In On Janus International Group

Several institutional investors have recently bought and sold shares of the company. LPL Financial LLC raised its position in Janus International Group by 3.8% during the 4th quarter. LPL Financial LLC now owns 44,204 shares of the company’s stock worth $289,000 after buying an additional 1,608 shares during the last quarter. Swiss National Bank lifted its stake in shares of Janus International Group by 1.2% in the 3rd quarter. Swiss National Bank now owns 271,300 shares of the company’s stock worth $2,678,000 after acquiring an additional 3,100 shares during the period. Mariner LLC boosted its holdings in shares of Janus International Group by 9.0% in the third quarter. Mariner LLC now owns 39,902 shares of the company’s stock valued at $394,000 after acquiring an additional 3,307 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Janus International Group by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,560 shares of the company’s stock worth $508,000 after purchasing an additional 3,632 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Janus International Group by 37.3% in the second quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company’s stock valued at $109,000 after purchasing an additional 3,637 shares during the period. 88.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBI has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Friday, March 27th. KeyCorp decreased their price objective on Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Finally, Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.17.

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.