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

James Hardie Industries (NYSE:JHX) announced its earnings results on Tuesday. The construction company reported $0.36 EPS for the quarter, topping 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 %

JHX stock traded down $0.87 during trading on Tuesday, hitting $31.63. The company had a trading volume of 80,920 shares, compared to its average volume of 96,475. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $32.65 and a 200-day moving average price of $34.48. 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 $13.59 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 4.92 and a beta of 1.81.

Wall Street Analysts Forecast Growth

JHX has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised James Hardie Industries from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 6th. Truist Financial initiated coverage on James Hardie Industries in a report on Tuesday, December 10th. They issued a “buy” rating and a $45.00 target price on the stock. StockNews.com downgraded James Hardie Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Finally, Jefferies Financial Group restated a “buy” rating on shares of James Hardie Industries in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, James Hardie Industries has a consensus 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.