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 raised shares of James Hardie Industries from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, May 17th.
James Hardie Industries Stock Performance
JHX opened at $25.01 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.66. The company's fifty day moving average price is $23.48 and its two-hundred day moving average price is $28.24. James Hardie Industries has a 1-year low of $20.14 and a 1-year high of $41.85. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 24.28 and a beta of 1.34.
James Hardie Industries (NYSE:JHX - Get Rating) last posted its quarterly earnings data on Monday, May 16th. The construction company reported $0.40 earnings per share (EPS) for the quarter. James Hardie Industries had a net margin of 12.70% and a return on equity of 48.48%. The business had revenue of $968.20 million during the quarter. On average, analysts expect that James Hardie Industries will post 1.68 EPS for the current fiscal year.
James Hardie Industries Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, June 29th. Shareholders of record on Friday, May 27th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, May 26th. James Hardie Industries's dividend payout ratio is presently 41.75%.