Eagle Materials Inc (NYSE:EXP) – Analysts at DA Davidson lowered their Q3 2018 earnings per share estimates for Eagle Materials in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. DA Davidson analyst B. Thielman now expects that the construction company will post earnings per share of $1.45 for the quarter, down from their previous estimate of $1.51. DA Davidson also issued estimates for Eagle Materials’ Q4 2018 earnings at $1.17 EPS, FY2018 earnings at $5.05 EPS, FY2019 earnings at $6.69 EPS and FY2020 earnings at $7.48 EPS.
Eagle Materials (NYSE:EXP) last posted its earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.22). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The firm had revenue of $376.30 million during the quarter, compared to analyst estimates of $412.84 million. During the same quarter in the previous year, the business posted $1.25 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/12/q3-2018-earnings-estimate-for-eagle-materials-inc-issued-by-da-davidson-exp.html.
Other analysts also recently issued reports about the stock. Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and reduced their price target for the company from $115.00 to $110.00 in a report on Monday, July 31st. Zacks Investment Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $110.00.
Eagle Materials (EXP) opened at $103.59 on Friday. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. Eagle Materials has a 12 month low of $86.51 and a 12 month high of $110.98. The stock has a market cap of $5,037.06, a price-to-earnings ratio of 22.87, a P/E/G ratio of 2.56 and a beta of 1.28.
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Eagle Materials by 474.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock worth $106,000 after acquiring an additional 949 shares during the period. IFP Advisors Inc lifted its holdings in shares of Eagle Materials by 8.3% during the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock worth $109,000 after acquiring an additional 91 shares during the period. Pacad Investment Ltd. lifted its holdings in shares of Eagle Materials by 116.7% during the 2nd quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock worth $120,000 after acquiring an additional 700 shares during the period. Global X Management Co. LLC lifted its holdings in shares of Eagle Materials by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock worth $142,000 after acquiring an additional 1,056 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Eagle Materials by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after acquiring an additional 146 shares during the period. 88.01% of the stock is owned by institutional investors.
In other news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $101.40, for a total transaction 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 approximately $6,264,289.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William R. Devlin sold 16,469 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $96.51, for a total transaction of $1,589,423.19. Following the transaction, the senior vice president now directly owns 51,973 shares of the company’s stock, valued at $5,015,914.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,999 shares of company stock valued at $8,060,190. Insiders own 4.10% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, December 21st. Eagle Materials’s dividend payout ratio (DPR) is presently 9.17%.
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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