Eagle Materials (NYSE:EXP) – Stock analysts at Northcoast Research dropped their FY2019 earnings per share estimates for Eagle Materials in a research note issued on Thursday, May 17th. Northcoast Research analyst K. Hocevar now expects that the construction company will post earnings of $6.20 per share for the year, down from their prior estimate of $6.50.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Longbow Research upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a report on Friday, March 23rd. Citigroup upped their price target on Eagle Materials from $121.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus cut their price target on Eagle Materials from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, Raymond James began coverage on Eagle Materials in a report on Tuesday, March 13th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $130.33.
Shares of Eagle Materials opened at $108.39 on Monday, according to Marketbeat. The company has a current ratio of 2.56, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44. Eagle Materials has a 1-year low of $86.51 and a 1-year high of $122.49. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 0.97 and a beta of 1.20.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, May 15th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by ($0.26). The firm had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $308.56 million. Eagle Materials had a net margin of 18.51% and a return on equity of 18.10%. Eagle Materials’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS.
In other Eagle Materials news, EVP James H. Graass sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the sale, the executive vice president now owns 61,715 shares in the company, valued at approximately $6,788,650. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.10% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in EXP. Bank of Montreal Can boosted its position in shares of Eagle Materials by 57.8% during the 4th quarter. Bank of Montreal Can now owns 9,988 shares of the construction company’s stock worth $1,132,000 after acquiring an additional 3,658 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Eagle Materials by 6.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 262,698 shares of the construction company’s stock worth $29,764,000 after acquiring an additional 15,637 shares in the last quarter. Oakbrook Investments LLC boosted its position in shares of Eagle Materials by 15.7% during the 4th quarter. Oakbrook Investments LLC now owns 4,860 shares of the construction company’s stock worth $551,000 after acquiring an additional 660 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Eagle Materials during the 4th quarter worth about $385,000. Finally, Ingalls & Snyder LLC acquired a new position in shares of Eagle Materials during the 4th quarter worth about $234,000. 89.17% of the stock is owned by institutional investors and hedge funds.
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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