Equities research analysts expect Eagle Materials, Inc. (NYSE:EXP) to report earnings of $1.13 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Eagle Materials’ earnings, with estimates ranging from $1.09 to $1.18. Eagle Materials reported earnings per share of $0.88 during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.4%. The company is scheduled to report its next earnings results on Thursday, May 17th.
According to Zacks, analysts expect that Eagle Materials will report full year earnings of $5.27 per share for the current year, with EPS estimates ranging from $4.80 to $5.69. For the next year, analysts anticipate that the business will post earnings of $6.53 per share, with EPS estimates ranging from $6.49 to $6.59. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Eagle Materials.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.20. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The firm had revenue of $359.40 million for the quarter, compared to the consensus estimate of $364.52 million. During the same quarter in the previous year, the company earned $1.17 earnings per share. The business’s revenue was up 18.8% compared to the same quarter last year.
EXP has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 30th. Stifel Nicolaus lifted their price target on shares of Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Finally, Citigroup lifted their price target on shares of Eagle Materials from $121.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Eagle Materials presently has a consensus rating of “Hold” and a consensus price target of $135.00.
In other news, insider Gerald J. Essl sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $113.77, for a total value of $1,137,700.00. Following the sale, the insider now owns 24,380 shares in the company, valued at approximately $2,773,712.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert S. Stewart sold 29,892 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $111.77, for a total transaction of $3,341,028.84. Following the completion of the sale, the executive vice president now owns 34,323 shares in the company, valued at approximately $3,836,281.71. The disclosure for this sale can be found here. Insiders have sold 61,623 shares of company stock worth $6,930,994 in the last quarter. Corporate insiders own 4.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB acquired a new stake in shares of Eagle Materials in the 4th quarter valued at $513,000. MetLife Investment Advisors LLC acquired a new stake in shares of Eagle Materials in the 4th quarter valued at $3,486,000. Castleark Management LLC boosted its stake in shares of Eagle Materials by 11.1% in the 4th quarter. Castleark Management LLC now owns 148,025 shares of the construction company’s stock valued at $16,771,000 after purchasing an additional 14,755 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Eagle Materials in the 4th quarter valued at $3,386,000. Finally, LPL Financial LLC boosted its stake in shares of Eagle Materials by 110.2% in the 4th quarter. LPL Financial LLC now owns 5,710 shares of the construction company’s stock valued at $647,000 after purchasing an additional 2,994 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.
Eagle Materials (NYSE EXP) traded down $2.72 on Thursday, reaching $102.41. 287,622 shares of the company’s stock were exchanged, compared to its average volume of 569,747. Eagle Materials has a 1 year low of $86.51 and a 1 year high of $122.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.06. The firm has a market capitalization of $5,079.57, a P/E ratio of 19.43, a P/E/G ratio of 2.47 and a beta of 1.17.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s dividend payout ratio is currently 7.59%.
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Eagle Materials Company Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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