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

James Hardie Industries (NYSE:JHX - Get Free Report) posted its quarterly earnings results on Tuesday. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01, Zacks reports. The company had revenue of $953.30 million for the quarter, compared to analyst estimates of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 34.42%.

James Hardie Industries Price Performance

Shares of James Hardie Industries stock traded down $0.81 during trading on Friday, hitting $31.72. The stock had a trading volume of 71,678 shares, compared to its average volume of 93,952. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.57. James Hardie Industries has a 12 month low of $29.88 and a 12 month high of $43.57. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 4.71 and a beta of 1.81. The business's 50-day moving average is $32.53 and its 200 day moving average is $34.45.

Wall Street Analyst Weigh In

JHX has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a "buy" rating on shares of James Hardie Industries in a research note on Thursday, January 30th. JPMorgan Chase & Co. upgraded James Hardie Industries from a "neutral" rating to an "overweight" rating in a research report on Wednesday, November 6th. Truist Financial initiated coverage on James Hardie Industries in a report on Tuesday, December 10th. They set a "buy" rating and a $45.00 price objective on the stock. Finally, StockNews.com raised James Hardie Industries from a "hold" rating to a "buy" rating in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $45.00.

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.