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

James Hardie Industries (NYSE:JHX - Get Free Report) posted its earnings results on Tuesday. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01, Briefing.com reports. James Hardie Industries had a return on equity of 36.30% and a net margin of 11.16%. The company had revenue of $960.80 million during the quarter, compared to analysts' expectations of $973.49 million. During the same quarter last year, the firm earned $0.41 earnings per share. The firm's quarterly revenue was down 3.8% compared to the same quarter last year.

James Hardie Industries Trading Up 8.9 %

NYSE:JHX traded up $2.82 during trading hours on Wednesday, reaching $34.61. 127,760 shares of the stock were exchanged, compared to its average volume of 74,761. James Hardie Industries has a twelve month low of $29.88 and a twelve month high of $43.57. The business has a 50-day moving average of $35.75 and a two-hundred day moving average of $34.40. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 3.64 and a beta of 1.76. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 0.57.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JHX. StockNews.com downgraded James Hardie Industries from a "buy" rating to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of James Hardie Industries from a "neutral" rating to an "overweight" rating in a research report on Wednesday, November 6th.

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.