What is William Blair's Forecast for JHX FY2028 Earnings?

Key Points

• William Blair has revised their FY2028 earnings per share forecast for James Hardie Industries to $1.44, an increase from the previous estimate of $1.20, maintaining an Outperform rating on the stock.
• James Hardie Industries recently reported $0.29 earnings per share for the quarter, which fell short of the consensus estimate of $0.36, indicating a year-over-year revenue decline of 9.3%.
• Currently, analysts have an average rating of Buy for James Hardie Industries, with an average price target of $32.39.

James Hardie Industries PLC. (NYSE:JHX - Free Report) - Equities research analysts at William Blair upped their FY2028 earnings per share estimates for James Hardie Industries in a research note issued on Tuesday, October 7th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $1.44 for the year, up from their previous forecast of $1.20. William Blair has a "Outperform" rating on the stock. The consensus estimate for James Hardie Industries' current full-year earnings is $1.39 per share.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its earnings results on Tuesday, August 19th. The construction company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). James Hardie Industries had a net margin of 8.75% and a return on equity of 27.95%. The company had revenue of $899.90 million for the quarter, compared to the consensus estimate of $982.60 million. During the same quarter last year, the business earned $0.41 earnings per share. James Hardie Industries's quarterly revenue was down 9.3% on a year-over-year basis.

Other equities analysts have also issued reports about the company. UBS Group reiterated a "neutral" rating on shares of James Hardie Industries in a research note on Thursday, August 21st. Truist Financial boosted their price target on James Hardie Industries from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday. Wolfe Research initiated coverage on James Hardie Industries in a research note on Tuesday, September 30th. They set an "outperform" rating and a $25.00 price target on the stock. Macquarie upgraded James Hardie Industries from a "neutral" rating to an "outperform" rating in a research note on Monday, July 28th. Finally, Robert W. Baird lowered their price target on James Hardie Industries from $32.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, James Hardie Industries presently has an average rating of "Buy" and an average price target of $32.39.

James Hardie Industries Price Performance

NYSE JHX opened at $21.91 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.76 and a quick ratio of 3.31. The stock's 50-day moving average is $21.99 and its two-hundred day moving average is $23.86. The firm has a market cap of $9.42 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 12.60 and a beta of 1.79. James Hardie Industries has a fifty-two week low of $17.85 and a fifty-two week high of $37.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. TD Private Client Wealth LLC boosted its holdings in shares of James Hardie Industries by 70.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,101 shares of the construction company's stock worth $30,000 after acquiring an additional 455 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of James Hardie Industries by 641.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,223 shares of the construction company's stock worth $33,000 after acquiring an additional 1,058 shares in the last quarter. MAI Capital Management boosted its holdings in shares of James Hardie Industries by 4,266.7% in the 2nd quarter. MAI Capital Management now owns 1,310 shares of the construction company's stock worth $35,000 after acquiring an additional 1,280 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in James Hardie Industries by 11,238.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the construction company's stock worth $40,000 after buying an additional 1,461 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new position in James Hardie Industries during the 2nd quarter worth $52,000. 7.96% of the stock is owned by institutional investors and hedge funds.

James Hardie Industries Company Profile

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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