Investment analysts at Jefferies Group assumed coverage on shares of Eagle Materials (NYSE:EXP) in a report released on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $121.00 price target on the construction company’s stock. Jefferies Group’s price target would suggest a potential upside of 17.67% from the stock’s previous close. Jefferies Group also issued estimates for Eagle Materials’ Q4 2018 earnings at $0.90 EPS, Q1 2019 earnings at $1.52 EPS, Q2 2019 earnings at $1.90 EPS, Q3 2019 earnings at $1.72 EPS, Q4 2019 earnings at $1.16 EPS, FY2019 earnings at $6.30 EPS and FY2020 earnings at $7.97 EPS.
A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 price target on shares of Eagle Materials in a research report on Friday, February 16th. Raymond James started coverage on Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating on the stock. Citigroup upped their price target on Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Longbow Research upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a research report on Friday, March 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $130.33.
Shares of NYSE EXP opened at $102.83 on Tuesday. 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 $4,981.74, a P/E ratio of 20.51, a PEG ratio of 1.97 and a beta of 1.19. Eagle Materials has a one year low of $86.51 and a one year high of $122.49.
Eagle Materials (NYSE:EXP) last issued its earnings results on Wednesday, January 31st. The construction company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The business had revenue of $359.40 million during the quarter, compared to analyst estimates of $364.52 million. During the same period in the prior year, the company posted $1.17 earnings per share. Eagle Materials’s revenue was up 18.8% on a year-over-year basis. equities analysts anticipate that Eagle Materials will post 5.17 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Eagle Materials by 137.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock worth $426,000 after purchasing an additional 2,303 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Eagle Materials by 27.5% during the fourth quarter. Arizona State Retirement System now owns 35,000 shares of the construction company’s stock worth $3,966,000 after purchasing an additional 7,542 shares during the last quarter. Hermes Investment Management Ltd. grew its holdings in shares of Eagle Materials by 2.6% during the fourth quarter. Hermes Investment Management Ltd. now owns 590,404 shares of the construction company’s stock worth $66,893,000 after purchasing an additional 14,788 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Eagle Materials during the fourth quarter worth $566,000. Finally, First Trust Advisors LP grew its holdings in shares of Eagle Materials by 971.5% during the fourth quarter. First Trust Advisors LP now owns 91,681 shares of the construction company’s stock worth $10,387,000 after purchasing an additional 83,125 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.
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Eagle Materials Company Profile
Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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