News articles about Eagle Materials (NYSE:EXP) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eagle Materials earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 43.8234807575809 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
EXP has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. Standpoint Research downgraded 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. Finally, Stifel Nicolaus boosted their target price on shares of Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $122.50.
Eagle Materials (NYSE:EXP) traded up $1.74 during trading on Friday, hitting $116.15. 821,743 shares of the stock were exchanged, compared to its average volume of 454,363. Eagle Materials has a 12-month low of $86.51 and a 12-month high of $116.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02. The company has a market cap of $5,647.79, a P/E ratio of 25.64, a PEG ratio of 2.90 and a beta of 1.29.
Eagle Materials (NYSE:EXP) last posted its earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The business had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. During the same quarter last year, the firm earned $1.25 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. sell-side analysts forecast that Eagle Materials will post 5.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.17%.
In other news, insider Gerald J. Essl sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $113.77, for a total value of $1,137,700.00. Following the sale, the insider now directly owns 24,380 shares in the company, valued at approximately $2,773,712.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert S. Stewart sold 29,892 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $111.77, for a total transaction of $3,341,028.84. Following the completion of the sale, the executive vice president now owns 34,323 shares in the company, valued at $3,836,281.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,968 shares of company stock worth $9,325,808. Insiders own 4.10% of the company’s stock.
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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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