Movement Alert｜James Hardie Industries PLC Intraday Rise 7.26%, earnings optimism supports shares ahead of results

Market Focus11-05

On November 5, James Hardie Industries PLC rose 7.26% in Regular Trading, trading at $29.195/share, with turnover of $147 million.

The move coincided with investor focus on the company’s upcoming quarterly results later that day, with consensus expectations calling for revenue of $1.483 billion, up 16.48% year over year, EBIT of $316 million, up 33.94%, and adjusted EPS of $0.39, up 61.03%.

Supporting context has been constructive: the prior quarter beat expectations with adjusted EPS of $0.36 on sales of $1.475 billion, and analysts turned more positive afterward. Recent strategic updates also highlighted a $23 billion North American material-conversion opportunity, while the company has been sharpening portfolio focus through the sale of its Fermacell business for 840 million euros and authorization of a $250 million buyback.

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