William Blair Has Negative Estimate for JHX Q1 Earnings

Key Points

• William Blair has adjusted their Q1 2026 earnings per share (EPS) estimate for James Hardie Industries to $0.35, a decrease from the previously forecasted $0.36.
• The stock has a current consensus rating of "Buy" from analysts, with an average target price of $37.34, despite recent price target changes from other firms.
• James Hardie reported a $0.36 EPS in its last quarterly earnings, missing expectations by $0.01, and experienced a 3.3% decline in quarterly revenue year-over-year.

James Hardie Industries PLC. (NYSE:JHX - Free Report) - Investment analysts at William Blair cut their Q1 2026 earnings per share (EPS) estimates for James Hardie Industries in a research note issued on Tuesday, August 5th. William Blair analyst R. Merkel now expects that the construction company will earn $0.35 per share for the quarter, down from their previous forecast of $0.36. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for James Hardie Industries' current full-year earnings is $1.39 per share. William Blair also issued estimates for James Hardie Industries' Q2 2026 earnings at $0.25 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.35 EPS, FY2026 earnings at $1.16 EPS, Q1 2027 earnings at $0.35 EPS, Q2 2027 earnings at $0.33 EPS, Q3 2027 earnings at $0.31 EPS, Q4 2027 earnings at $0.43 EPS, FY2027 earnings at $1.41 EPS and FY2028 earnings at $1.78 EPS.

James Hardie Industries (NYSE:JHX - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $971.50 million for the quarter, compared to analysts' expectations of $983.86 million. James Hardie Industries had a net margin of 10.94% and a return on equity of 31.52%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.61 earnings per share.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded James Hardie Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Baird R W upgraded James Hardie Industries to a "strong-buy" rating in a research note on Friday, July 11th. Macquarie upgraded James Hardie Industries from a "neutral" rating to an "outperform" rating in a research note on Monday, July 28th. Jefferies Financial Group started coverage on James Hardie Industries in a research note on Friday. They set a "buy" rating and a $34.00 target price for the company. Finally, Robert W. Baird started coverage on James Hardie Industries in a research report on Friday, July 11th. They issued an "outperform" rating and a $32.00 price objective for the company. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $36.67.

James Hardie Industries Stock Down 0.8%

JHX stock traded down $0.22 during mid-day trading on Thursday, hitting $28.00. The stock had a trading volume of 1,588,946 shares, compared to its average volume of 3,298,951. The company has a current ratio of 2.10, a quick ratio of 1.67 and a debt-to-equity ratio of 0.51. James Hardie Industries has a 1-year low of $19.72 and a 1-year high of $43.57. The company has a fifty day moving average of $26.63 and a 200 day moving average of $27.06. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.88 and a beta of 1.74.

Hedge Funds Weigh In On James Hardie Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in James Hardie Industries by 241.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,718,075 shares of the construction company's stock worth $341,989,000 after buying an additional 8,988,938 shares in the last quarter. Citigroup Inc. increased its stake in shares of James Hardie Industries by 59,775.3% in the 1st quarter. Citigroup Inc. now owns 5,325,912 shares of the construction company's stock valued at $125,478,000 after purchasing an additional 5,317,017 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of James Hardie Industries in the first quarter worth about $90,526,000. Goldman Sachs Group Inc. lifted its holdings in shares of James Hardie Industries by 160.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,697,663 shares of the construction company's stock worth $63,557,000 after acquiring an additional 1,662,743 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of James Hardie Industries by 5,001.3% in the 1st quarter. Millennium Management LLC now owns 997,875 shares of the construction company's stock valued at $23,510,000 after acquiring an additional 978,314 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company's stock.

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.