James Hardie Industries (NYSE:JHX) Issues Earnings Results, Beats Estimates By $0.03 EPS

James Hardie Industries (NYSE:JHX) issued its quarterly earnings data on Monday. The construction company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03, Briefing.com reports. The firm had revenue of $991.90 million for the quarter, compared to analyst estimates of $1.01 billion. James Hardie Industries had a net margin of 12.96% and a return on equity of 38.97%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share.

James Hardie Industries Stock Performance

Shares of NYSE:JHX traded down $0.18 during trading on Tuesday, reaching $31.80. The stock had a trading volume of 5,833 shares, compared to its average volume of 61,173. The stock has a fifty day simple moving average of $32.83 and a two-hundred day simple moving average of $35.69. The company has a quick ratio of 1.37, a current ratio of 1.79 and a debt-to-equity ratio of 0.60. James Hardie Industries has a 52 week low of $24.28 and a 52 week high of $41.98. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.93 and a beta of 1.71.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JHX. JPMorgan Chase & Co. lowered shares of James Hardie Industries from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 21st. Macquarie raised shares of James Hardie Industries from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 21st. Finally, StockNews.com cut James Hardie Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 21st.

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.