News articles about Eagle Materials (NYSE:EXP) have been trending positive on Sunday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eagle Materials earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 47.1510685688533 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Eagle Materials (EXP) opened at 108.60 on Friday. The company has a 50-day moving average of $103.38 and a 200 day moving average of $96.59. The firm has a market capitalization of $5.27 billion, a PE ratio of 25.25 and a beta of 1.17. Eagle Materials has a 12-month low of $73.83 and a 12-month high of $110.64.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17. The business had revenue of $366.10 million for the quarter, compared to the consensus estimate of $369.68 million. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. Eagle Materials’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company posted $0.93 earnings per share. On average, analysts predict that Eagle Materials will post $5.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Eagle Materials’s payout ratio is 9.30%.
Several research firms recently issued reports on EXP. Standpoint Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their price target for the company from $115.00 to $110.00 in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $110.00.
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In related news, insider Gerald J. Essl sold 2,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $93.40, for a total value of $186,800.00. Following the completion of the transaction, the insider now directly owns 39,859 shares of the company’s stock, valued at $3,722,830.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $101.40, for a total value of $507,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,778 shares of the company’s stock, valued at $6,264,289.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,774 shares of company stock worth $6,798,741. 4.10% of the stock is currently owned by corporate insiders.
About Eagle Materials
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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