Janus International Group (NYSE:JBI) Reaches New 52-Week Low After Earnings Miss

Janus International Group, Inc. (NYSE:JBI) shares hit a new 52-week low during trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $6.69 and last traded at $7.22, with a volume of 251745 shares changing hands. The stock had previously closed at $10.31.

The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The business had revenue of $230.10 million for 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 quarterly revenue was down 17.9% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share.

Wall Street Analyst Weigh In

Several brokerages have commented on JBI. KeyCorp lowered 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 research note on Monday, October 14th. Benchmark lowered 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 note on Friday, August 9th. Jefferies Financial Group lowered their target price on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. UBS Group lowered their target price on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Janus International Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JBI. Vanguard Group Inc. boosted its holdings in shares of Janus International Group by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after buying an additional 2,458,953 shares during the period. Saxon Interests Inc. acquired a new position in shares of Janus International Group in the first quarter valued at approximately $189,000. Principal Financial Group Inc. acquired a new position in shares of Janus International Group in the first quarter valued at approximately $173,000. Mutual of America Capital Management LLC boosted its holdings in shares of Janus International Group by 131.3% in the first quarter. Mutual of America Capital Management LLC now owns 575,474 shares of the company’s stock valued at $8,707,000 after buying an additional 326,707 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of Janus International Group by 15.5% in the first quarter. GSA Capital Partners LLP now owns 75,124 shares of the company’s stock valued at $1,137,000 after buying an additional 10,094 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Price Performance

The company’s fifty day moving average is $10.25 and its 200 day moving average is $12.29. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 7.71 and a beta of 0.88. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05.

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.