Morgan Keegan Previews TXI 3Q11, Maintains MP Rating

In its 3Q11 preview of Texas Industries Inc. TXI, Morgan Keegan said that it is maintaining its Market Perform rating.

“TXI is expected to report results for its fiscal 3Q11 (ending February) after market close on Wednesday, March 23,” Morgan Keegan writes. “We are expecting an adjusted loss of ($0.76) per share on revenue of $131.8 million. The street is expecting a loss of ($0.77) on revenue of $124 million. In fiscal 3Q10, TXI reported a loss of ($0.98) on revenue of $117.8 million.”

Texas Industries closed Thursday at $41.40.