Wall Street brokerages expect that Eagle Materials (NYSE:EXP) will announce earnings per share of $1.58 for the current quarter, Zacks reports. Four analysts have issued estimates for Eagle Materials’ earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.51. Eagle Materials posted earnings per share of $1.17 during the same quarter last year, which indicates a positive year-over-year growth rate of 35%. The company is expected to announce its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Eagle Materials will report full-year earnings of $6.35 per share for the current year, with EPS estimates ranging from $6.16 to $6.54. For the next fiscal year, analysts anticipate that the company will post earnings of $7.51 per share, with EPS estimates ranging from $7.20 to $7.77. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Eagle Materials.
Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, May 15th. The construction company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by ($0.26). Eagle Materials had a net margin of 18.51% and a return on equity of 18.10%. The company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $308.56 million. During the same quarter last year, the business earned $0.88 earnings per share. Eagle Materials’s quarterly revenue was up 2.2% on a year-over-year basis.
Several brokerages have recently issued reports on EXP. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Northcoast Research raised Eagle Materials from a “neutral” rating to a “buy” rating and raised their price target for the company from $86.51 to $122.49 in a research report on Wednesday, June 13th. Longbow Research raised Eagle Materials from a “neutral” rating to a “buy” rating in a research report on Friday, March 23rd. Citigroup began coverage on Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Finally, Raymond James began coverage on Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $128.37.
NYSE EXP traded up $0.30 during trading on Friday, hitting $108.82. 5,196 shares of the company traded hands, compared to its average volume of 408,029. Eagle Materials has a 12 month low of $86.51 and a 12 month high of $122.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.56 and a quick ratio of 1.12. The firm has a market cap of $5.43 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 0.99 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, June 22nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, June 21st. Eagle Materials’s dividend payout ratio is currently 9.48%.
In related news, EVP James H. Graass sold 5,000 shares of Eagle Materials stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $115.00, for a total transaction of $575,000.00. Following the sale, the executive vice president now directly owns 60,253 shares of the company’s stock, valued at $6,929,095. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Dale Craig Kesler sold 10,000 shares of Eagle Materials stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $108.70, for a total value of $1,087,000.00. Following the sale, the chief financial officer now directly owns 69,373 shares in the company, valued at $7,540,845.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,000 shares of company stock worth $3,324,500. 4.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in EXP. Aperio Group LLC grew its position in Eagle Materials by 3.8% during the fourth quarter. Aperio Group LLC now owns 12,797 shares of the construction company’s stock worth $1,450,000 after buying an additional 472 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Eagle Materials by 310.9% during the fourth quarter. Teacher Retirement System of Texas now owns 16,499 shares of the construction company’s stock valued at $1,869,000 after purchasing an additional 12,484 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Eagle Materials by 4.5% during the fourth quarter. California Public Employees Retirement System now owns 106,559 shares of the construction company’s stock valued at $12,073,000 after purchasing an additional 4,631 shares in the last quarter. Swiss National Bank boosted its holdings in Eagle Materials by 2.5% during the fourth quarter. Swiss National Bank now owns 82,600 shares of the construction company’s stock valued at $9,359,000 after purchasing an additional 2,000 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Eagle Materials by 971.5% during the fourth quarter. First Trust Advisors LP now owns 91,681 shares of the construction company’s stock valued at $10,387,000 after purchasing an additional 83,125 shares in the last quarter. 93.14% of the stock is currently 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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