William Blair Issues Optimistic Estimate for JHX Earnings

Key Points

• William Blair has raised its FY2026 EPS estimate for James Hardie Industries from $0.76 to $0.84, maintaining an "Outperform" rating on the stock.
• The company's recent quarterly earnings report showed an EPS of $0.29, missing consensus estimates by $0.07 and reflecting a 9.3% year-over-year revenue decline.
• James Hardie Industries currently has a consensus target price of $33.27, with a mix of ratings including one "Strong Buy" and eight "Buy" ratings from analysts.

James Hardie Industries PLC. (NYSE:JHX - Free Report) - Analysts at William Blair raised their FY2026 EPS estimates for James Hardie Industries in a note issued to investors on Wednesday, September 24th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings of $0.84 per share for the year, up from their previous estimate of $0.76. 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.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group assumed coverage on shares of James Hardie Industries in a research note on Friday, August 8th. They set a "buy" rating and a $34.00 price objective for the company. Truist Financial decreased their target price on shares of James Hardie Industries from $35.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. Robert W. Baird decreased their target price on shares of James Hardie Industries from $32.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, August 20th. Baird R W upgraded shares of James Hardie Industries to a "strong-buy" rating in a research report on Friday, July 11th. Finally, UBS Group restated a "neutral" rating on shares of James Hardie Industries in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $33.27.

James Hardie Industries Trading Up 1.0%

NYSE:JHX opened at $18.77 on Monday. James Hardie Industries has a 12 month low of $17.85 and a 12 month high of $40.63. The firm has a fifty day simple moving average of $23.17 and a 200-day simple moving average of $24.38. The company has a current ratio of 3.76, a quick ratio of 3.31 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $8.07 billion, a P/E ratio of 24.38, a PEG ratio of 2.17 and a beta of 1.75.

James Hardie Industries (NYSE:JHX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $0.29 EPS for the quarter, missing the consensus estimate 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 company had revenue of $899.90 million for the quarter, compared to analyst estimates of $982.60 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company's quarterly revenue was down 9.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JHX. Millennium Management LLC raised its position in shares of James Hardie Industries by 14.8% in the fourth quarter. Millennium Management LLC now owns 19,561 shares of the construction company's stock worth $603,000 after acquiring an additional 2,524 shares during the period. Versant Capital Management Inc raised its position in shares of James Hardie Industries by 854.5% in the first quarter. Versant Capital Management Inc now owns 7,875 shares of the construction company's stock worth $186,000 after acquiring an additional 7,050 shares during the period. AdvisorNet Financial Inc raised its position in shares of James Hardie Industries by 672.7% in the first quarter. AdvisorNet Financial Inc now owns 8,500 shares of the construction company's stock worth $200,000 after acquiring an additional 7,400 shares during the period. GAMMA Investing LLC raised its position in shares of James Hardie Industries by 2,189.1% in the first quarter. GAMMA Investing LLC now owns 32,207 shares of the construction company's stock worth $759,000 after acquiring an additional 30,800 shares during the period. Finally, Rhumbline Advisers raised its position in shares of James Hardie Industries by 10.3% in the first quarter. Rhumbline Advisers now owns 10,694 shares of the construction company's stock worth $252,000 after acquiring an additional 999 shares during the period. Institutional investors and hedge funds own 7.96% of the company's stock.

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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