Janus International Group (NYSE:JBI) Posts Earnings Results, Misses Estimates By $0.09 EPS

Janus International Group (NYSE:JBI) released its quarterly 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. The firm had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. Janus International Group updated its FY 2024 guidance to EPS.

Janus International Group Price Performance

Shares of NYSE:JBI opened at $7.24 on Wednesday. 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 stock has a market cap of $1.06 billion, a PE ratio of 7.62 and a beta of 0.88. The company’s fifty day moving average is $10.18 and its 200 day moving average is $12.24. Janus International Group has a 52 week low of $6.68 and a 52 week high of $15.86.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBI. Jefferies Financial Group lowered their price target on Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. 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. KeyCorp cut their price target 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. UBS Group lowered their price objective on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Benchmark cut their target price on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.75.

Janus International Group Company Profile

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.