William Blair Has Optimistic Outlook of JHX Q3 Earnings

Key Points

• William Blair has raised its Q3 2026 earnings per share estimate for James Hardie Industries from $0.15 to $0.18, maintaining an "Outperform" rating for the stock.
• The company reported $0.29 EPS for the last quarter, missing the analysts' consensus estimate of $0.36, alongside a revenue drop of 9.3% year-over-year.
• Analysts' ratings for James Hardie Industries are largely positive, with one Strong Buy and nine Buy ratings, and an average price target of $32.39.

James Hardie Industries PLC. (NYSE:JHX - Free Report) - Analysts at William Blair lifted their Q3 2026 earnings per share estimates for James Hardie Industries in a report issued on Tuesday, October 7th. William Blair analyst R. Merkel now forecasts that the construction company will earn $0.18 per share for the quarter, up from their previous forecast of $0.15. 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' Q4 2026 earnings at $0.28 EPS, FY2026 earnings at $1.01 EPS, Q1 2027 earnings at $0.29 EPS, Q2 2027 earnings at $0.28 EPS, Q3 2027 earnings at $0.24 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $1.14 EPS.

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

A number of other equities research analysts have also weighed in on the company. Macquarie upgraded James Hardie Industries from a "neutral" rating to an "outperform" rating in a research report on Monday, July 28th. Jefferies Financial Group started coverage on James Hardie Industries in a research note on Friday, August 8th. They issued a "buy" rating and a $34.00 price objective for the company. Truist Financial upped their target price on James Hardie Industries from $25.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday. Wolfe Research began coverage on James Hardie Industries in a report on Tuesday, September 30th. They issued an "outperform" rating and a $25.00 price target for the company. Finally, Baird R W upgraded James Hardie Industries to a "strong-buy" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, James Hardie Industries currently has an average rating of "Buy" and a consensus price target of $32.39.

James Hardie Industries Stock Up 0.6%

JHX stock opened at $21.86 on Thursday. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 2.51 and a beta of 1.79. The company has a quick ratio of 3.31, a current ratio of 3.76 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $23.87. James Hardie Industries has a twelve month low of $17.85 and a twelve month high of $37.77.

Institutional Investors Weigh In On James Hardie Industries

A number of hedge funds have recently added to or reduced their stakes in JHX. Massachusetts Financial Services Co. MA raised its stake in James Hardie Industries by 241.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,718,075 shares of the construction company's stock valued at $341,989,000 after buying an additional 8,988,938 shares during 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 worth $125,478,000 after purchasing an additional 5,317,017 shares in the last quarter. Wellington Management Group LLP bought a new position in James Hardie Industries in the 1st quarter worth $90,526,000. Balyasny Asset Management L.P. boosted its holdings in James Hardie Industries by 1,883.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,874,198 shares of the construction company's stock worth $104,177,000 after buying an additional 3,678,889 shares during the period. Finally, Eminence Capital LP bought a new position in James Hardie Industries in the 2nd quarter worth $83,249,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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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