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

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

James Hardie Industries Stock Up 1.6 %

JHX opened at $35.17 on Friday. The company has a market cap of $15.10 billion, a PE ratio of 34.82, a P/E/G ratio of 3.93 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. The business has a 50 day moving average price of $35.67 and a two-hundred day moving average price of $34.41. James Hardie Industries has a 52 week low of $29.88 and a 52 week high of $43.57.

Analyst Ratings Changes

Several research analysts have recently issued reports on JHX shares. StockNews.com cut 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 report on Wednesday, November 6th.

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.