James Hardie Industries plc, together with its subsidiaries, 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, the Philippines, and Canada. The company operates through three segments: North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products. It offers fiber cement interior linings, exterior siding products, and related accessories; and various fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fences, and facades. The company also provides fiber gypsum and cement-bonded boards for applications, such as timber frame construction, dry lining, DIY, and structural fire protection. Its products are used in various markets comprising new residential construction and commercial construction markets. James Hardie Industries plc was founded in 1888 and is based in Dublin, Ireland.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley upgraded James Hardie Industries from an "equal weight" rating to an "overweight" rating in a report on Tuesday, May 17th.
James Hardie Industries Trading Up 0.5 %
Shares of NYSE:JHX traded up $0.14 during midday trading on Friday, reaching $25.98. 40,432 shares of the company's stock were exchanged, compared to its average volume of 77,253. The firm's 50 day simple moving average is $23.48 and its two-hundred day simple moving average is $28.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.46 and a quick ratio of 1.10. James Hardie Industries has a fifty-two week low of $20.14 and a fifty-two week high of $41.85. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 25.09 and a beta of 1.34.
James Hardie Industries (NYSE:JHX - Get Rating) last released its earnings results on Monday, May 16th. The construction company reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $968.20 million during the quarter. James Hardie Industries had a return on equity of 48.48% and a net margin of 12.70%. As a group, sell-side analysts forecast that James Hardie Industries will post 1.68 EPS for the current fiscal year.
James Hardie Industries Cuts Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, June 29th. Investors of record on Friday, May 27th were issued a dividend of $0.215 per share. The ex-dividend date was Thursday, May 26th. James Hardie Industries's dividend payout ratio is presently 41.75%.