James Hardie Industries (NYSE:JHX – Get Free Report) released its earnings results on Tuesday. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01, Briefing.com reports. James Hardie Industries had a return on equity of 38.01% and a net margin of 12.78%. The business had revenue of $960.80 million during the quarter, compared to the consensus estimate of $973.49 million. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis.
James Hardie Industries Price Performance
NYSE:JHX traded up $3.27 during mid-day trading on Wednesday, hitting $35.06. 24,234 shares of the stock traded hands, compared to its average volume of 74,290. The business’s 50-day moving average price is $35.75 and its 200 day moving average price is $34.40. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. The company has a market cap of $15.06 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 3.74 and a beta of 1.76. James Hardie Industries has a 12-month low of $29.88 and a 12-month high of $43.57.
Wall Street Analyst Weigh In
JHX has been the topic of a number of research reports. StockNews.com cut James Hardie Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th.
About James Hardie Industries
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.
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