James Hardie Industries (NYSE:JHX) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

James Hardie Industries (NYSE:JHX) released its earnings results on Tuesday. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01, Zacks reports. James Hardie Industries had a return on equity of 34.42% and a net margin of 11.15%. The business had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $967.63 million.

James Hardie Industries Trading Up 2.5 %

Shares of James Hardie Industries stock opened at $32.61 on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $32.61 and a 200 day simple moving average of $34.47. James Hardie Industries has a 12-month low of $29.88 and a 12-month high of $43.57. The company has a market capitalization of $14.02 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 4.57 and a beta of 1.81.

Analyst Ratings Changes

A number of equities research analysts have commented on JHX shares. Truist Financial began coverage on James Hardie Industries in a research note on Tuesday, December 10th. They issued a “buy” rating and a $45.00 price objective for the company. StockNews.com downgraded shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of James Hardie Industries in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $45.00.

James Hardie Industries Company Profile

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.