James Hardie Industries
Building products company, James Hardie Industries (ASX:JHX) have announced its third quarter results to December 2012 to its shareholders and investors on the Australian stockmarket.
- James Hardie Industries have announced its third quarter results to December 31 of $31.5 million up from a $4.8 million loss.
- Three quarters Net Profit is down US$115 million or 7 percent.
James Hardie Industries (JHX) bounces back to profitability after reporting that its net profit for the last six months reached $US128.4 million ($A126.51 million), compared to the $US318.8 million loss in the previous period. Chief Executive Louis Gries said that the company's recovery for the past six months proved the benefit of a more stable operating environment in the United States.
Study the historical dividends for JAMES HARDIE INDUSTRIES N.V.. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive JHX dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the JHX dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
James Hardie Industries (JHX) reduced their target price to A$8.30 from A$9.50 to reflect the revised earnings profile from market analyst Macquarie Research Equities.
James Hardie Industries NV: Resetting Again?
FY08 Weaker Than Expected — NPAT of US$169.7m disappointed against our expectation of US$180m. Adding to the disappointment was a cut in the
final dividend of 8US¢ compared to 15US¢ in FY07.
James Hardie Industries reported net 20% fall in its earnings for its full year operations. It also foresees a further slump owing to weak US housing market. Its operating profits excluding asbestos payments and tax adjustments fell 61 percent to $20.1 million in three months to March 31 compared to same period last year. The company’s market value fell to A$2.4 billion after the shares tumbled 7.5%. It reported net results which showed a loss of US$71.6 million.
Macquarie Research Equities (MRE), has reiterated their Outperform stock recommendation for James Hardie Industries (JHX) shares with a 12 month share price target of $8.00. The stock analyst believes that JHX is "represents good value at current levels." James Hardie shares are recently touching seven week highs after reassuring investors about its earning guidance at its Annual Information Meeting. Share prices edged higher even after data out overnight in the US that added further concerns over the state of the US housing market.
Macquarie has rated the James Hardie Industries (JHX) stock as Outperform with a share price target of $9.50 which was previously at $10.50. Changes to James Hardie’s earnings estimates have led Macquarie to change its target price, but it has not changed its rating on the JHX stock. James Hardie Industries is listed on the Australian Stock Exchange (ASX) under stock code JHX. Check your charts.
Citigroup Investment Research’s (CIR) have retained their Buy / High risk rating for James Hardie Industries (JHX) stock with a share price target of $10.45 per share which was at $10.55 per share previously. James Hardie Industries is listed on the Australian Stock Exchange (ASX) under stock code JHX. Check your charts.
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