James Hardie – Reported 3QFY19 Earnings

James Hardie is a current holding within our ASX 100 model portfolio.

Today’s release of the 3QFY19 earnings were slightly below market consensus, however, the full year guidance for FY19 NPAT  to be in the range of US$280-320m, supports a higher share price.

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Off the back of the improved full year earnings outlook, James Hardie has rallied from $15 to $16.

Based on FY20 earnings, we have JHX trading on a 4.2% yield.

 

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