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

James Hardie Industries (NYSE:JHX) issued its earnings results on Tuesday. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01, Briefing.com reports. The company had revenue of $960.80 million for the quarter, compared to analysts’ expectations of $973.49 million. James Hardie Industries had a net margin of 12.78% and a return on equity of 38.01%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS.

James Hardie Industries Stock Up 10.3 %

Shares of JHX stock traded up $3.27 during trading hours on Wednesday, hitting $35.06. 24,234 shares of the company’s stock traded hands, compared to its average volume of 74,290. 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 stock’s fifty day simple moving average is $35.75 and its two-hundred day simple moving average is $34.40. James Hardie Industries has a 12-month low of $29.88 and a 12-month high of $43.57. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 3.74 and a beta of 1.76.

Analyst Ratings Changes

JHX has been the subject of several analyst reports. StockNews.com cut shares of James Hardie Industries from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. raised 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.