James Hardie Industries (NYSE:JHX) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

James Hardie Industries (NYSE:JHXGet Free Report) announced its quarterly earnings data on Monday. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02, Briefing.com reports. James Hardie Industries had a net margin of 13.16% and a return on equity of 37.62%. The company had revenue of $978.30 million during the quarter, compared to analysts’ expectations of $960.23 million. During the same quarter in the prior year, the company earned $0.29 EPS. James Hardie Industries’s revenue was up 13.7% compared to the same quarter last year.

James Hardie Industries Stock Performance

NYSE:JHX opened at $39.16 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.26 and a current ratio of 1.70. The stock has a market capitalization of $17.06 billion, a P/E ratio of 35.60, a PEG ratio of 2.02 and a beta of 1.71. The company has a 50 day moving average price of $36.79 and a 200 day moving average price of $31.30. James Hardie Industries has a fifty-two week low of $19.72 and a fifty-two week high of $39.45.

Hedge Funds Weigh In On James Hardie Industries

A number of hedge funds have recently made changes to their positions in JHX. Osaic Holdings Inc. boosted its position in shares of James Hardie Industries by 231.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,170 shares of the construction company’s stock worth $31,000 after purchasing an additional 2,214 shares during the period. BNP Paribas Arbitrage SA boosted its position in James Hardie Industries by 880.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,960 shares of the construction company’s stock valued at $59,000 after buying an additional 1,760 shares during the period. BNP Paribas Arbitrage SNC increased its stake in James Hardie Industries by 327.2% in the second quarter. BNP Paribas Arbitrage SNC now owns 2,217 shares of the construction company’s stock valued at $60,000 after purchasing an additional 1,698 shares during the period. Advisor Group Holdings Inc. increased its stake in James Hardie Industries by 150.7% in the first quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock valued at $74,000 after purchasing an additional 1,486 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of James Hardie Industries by 28.0% in the first quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock valued at $88,000 after acquiring an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 1.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JHX shares. StockNews.com raised shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Bank of America downgraded shares of James Hardie Industries from a “neutral” rating to an “underperform” rating and set a $35.50 price target for the company. in a report on Tuesday, January 23rd.

Read Our Latest Research Report on JHX

James Hardie Industries Company Profile

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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.

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Earnings History for James Hardie Industries (NYSE:JHX)

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