Texas Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of heavy construction materials in the southwestern United States. It operates in three segments: Cement, Aggregates, and Consumer Products. Texas Industries (NYSE:TXI) is scheduled to report its fourth quarter earnings results on July 12, 2012, before market open.
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Texas Industries has a market cap of $1.16 billion and it is currently trading around $41.42 with a 52 week range of $21.89 to $42.19. The stock has risen 34.57% year to date. The following table provides the key financial ratios for Texas:
|Return On Assets (ROA)||-4.10%|
|Return On Equity (ROE)||-9.15%|
- On April 23, 2012, Texas Industries announced the sale of its aggregate rail distribution terminal and associated assets located in Stafford, Texas to Lex Missouri City, LP, effective April 20, 2012.
- On April 17, 2012, Texas Industries announced the sale of its Texas based packaged products operations to Charlotte, NC-based Bonsal American, a unit of Oldcastle, Inc. The transaction included five production facilities, stretching from the Dallas-Fort Worth Metroplex to the Houston metro area and extending through Austin and Central Texas.
Analyst Guidance and Earnings History
The fourth quarter revenues are expected to be $182.77 million when compared to $175.76 million for the same quarter last year. Earnings per share for the fourth quarter are expected to be a loss of 34 cents a share, up from a loss of 57 cents a share in the year-ago period. The average price target from analyst for Texas Industries is $35.43 with average rating is HOLD
Out of the last 4 quarters, Texas Industries has missed the EPS all the 4 times. The following chart shows the Analyst estimates history and the actual EPS results:
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Cemex SAB de CV (NYSE:CX), Vulcan Materials Company (NYSE:VMC), Martin Marietta Materials (NYSE:MLM), and US Concrete (NASDAQ:USCR) are considered as major competitors for Texas Industries and the table below provides the key metrics for these companies:
Sources: Some of the data is taken from Google Finance, Yahoo Finance, Nasdaq, Finviz and investor sites.
Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in TXI over the next 72 hours.
Additional Disclosure: I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.