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

James Hardie Industries (NYSE:JHX) released its earnings results on Tuesday. The construction company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01, Zacks reports. James Hardie Industries had a return on equity of 35.93% and a net margin of 11.16%.

James Hardie Industries Trading Down 2.7 %

Shares of JHX stock opened at $31.63 on Wednesday. James Hardie Industries has a 12-month low of $29.88 and a 12-month high of $43.57. 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’s 50-day moving average price is $32.65 and its 200-day moving average price is $34.48. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 4.67 and a beta of 1.81.

Wall Street Analysts Forecast Growth

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