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JELD

Jeld-Wen

$27.27

0.33 (1.22%)

06:10
08/07/18
08/07
06:10
08/07/18
06:10

Jeld-Wen lowers FY18 revenue growth view to 16%-18% from 17%-18%

The assumption for core revenue growth remains unchanged at approximately 3%. The decrease in the revenue growth outlook is due to the unfavorable impact of updated assumptions for foreign exchange rates. Sees FY18 adjusted EBITDA $500M-$520M, compared to the previous outlook of $505M-$535M and 2017 adjusted EBITDA of $437.6M. The decrease in the outlook for adjusted EBITDA is due to the unfavorable impact of updated assumptions for foreign exchange rates as well as the expected unfavorable impact of recently announced tariffs. The midpoint of the updated outlook assumes core adjusted EBITDA margin improvement of approximately 70 basis points. This improvement in core adjusted EBITDA margins is expected to be offset by the impact of recent acquisitions and the impact of foreign exchange. Sees FY18 capital expenditures $100M-$120M, compared to $63.0M last year. Free cash flow for FY18 is expected to exceed adjusted net income.

  • 07

    Aug

JELD Jeld-Wen
$27.27

0.33 (1.22%)

05/14/18
BOFA
05/14/18
DOWNGRADE
Target $33
BOFA
Neutral
Jeld-Wen downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst John Lovallo downgraded Jeld-Wen to Neutral and lowered its price target to $33 from $41. The analyst believes the company will face challenges from the CEO search, Steves & Sons litigation, wood windows, and believes a margin recovery could take longer than expected.
05/14/18
05/14/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dean Foods (DF) downgraded to Sell from Hold at Deutsche Bank analyst Rob Dickerson saying he still sees four fundamental challenges facing the company: continued declines in U.S. dairy milk consumption, its low-margin structured business, increasing vertical category integration by retailers, and what he views as low odds of transformative acquisitions. 2. Owens Corning (OC) downgraded to Market Perform from Outperform at Wells Fargo with analyst Stephen East saying his outlook for Roofing and Composites has weakened and extremely weak year to date 2018 hail/storm activity is likely an incremental headwind to 2H18 Shingle Volumes while inflationary cost pressures are more intense than originally expected. 3. Xerox (XRX) downgraded to Neutral from Overweight at JPMorgan and to Hold from Buy at Cross Research. 4. Jeld-Wen (JELD) downgraded to Neutral from Buy at BofA/Merrill with analyst John Lovallo saying he believes the company will face challenges from the CEO search, Steves & Sons litigation, wood windows, and believes a margin recovery could take longer than expected. 5. Hostess Brands (TWNK) downgraded to Hold from Buy at Deutsche Bank with analyst Rob Dickerson saying he is less certain on the base business' potential margin and profitability progression over the next twelve months following the company's recent earnings report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/18
SBSH
06/19/18
INITIATION
Target $32
SBSH
Neutral
Jeld-Wen assumed with a Neutral at Citi
Citi analyst Scott Schrier assumed coverage of Jeld-Wen with a Neutral rating and $32 price target. The analyst took over coverage of the Building Products, Construction Materials group.
06/27/18
RBCM
06/27/18
INITIATION
RBCM
Outperform
Jeld-Wen assumed with an Outperform at RBC Capital
RBC Capital analyst Michael Dahl assumed Jeld-Wen with an Outperform rating and $36 price target.

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