Wall Street analysts forecast that Eagle Materials Inc (NYSE:EXP) will post earnings of $1.43 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Eagle Materials’ earnings. The highest EPS estimate is $1.45 and the lowest is $1.40. Eagle Materials reported earnings of $1.17 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.2%. The company is scheduled to issue its next earnings results on Tuesday, January 23rd.
On average, analysts expect that Eagle Materials will report full-year earnings of $4.97 per share for the current fiscal year, with EPS estimates ranging from $4.80 to $5.10. For the next financial year, analysts forecast that the business will report earnings of $6.28 per share, with EPS estimates ranging from $6.00 to $6.61. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Eagle Materials.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.22). The firm had revenue of $376.30 million for the quarter, compared to analyst estimates of $412.84 million. Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS.
EXP has been the topic of several research analyst reports. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Stifel Nicolaus lifted their price target on Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, Standpoint Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $122.50.
In other Eagle Materials news, insider Gerald J. Essl sold 8,161 shares of Eagle Materials stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $105.00, for a total value of $856,905.00. Following the transaction, the insider now directly owns 42,541 shares in the company, valued at approximately $4,466,805. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the completion of the transaction, the chief financial officer now owns 56,778 shares in the company, valued at $6,338,695.92. The disclosure for this sale can be found here. Insiders sold a total of 85,165 shares of company stock worth $9,438,175 over the last quarter. Company insiders own 4.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in EXP. Tower Research Capital LLC TRC grew its stake in shares of Eagle Materials by 474.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after purchasing an additional 949 shares during the last quarter. Pacad Investment Ltd. grew its stake in shares of Eagle Materials by 116.7% in the 2nd quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock valued at $120,000 after purchasing an additional 700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Eagle Materials by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock valued at $173,000 after purchasing an additional 146 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Eagle Materials in the 3rd quarter valued at approximately $201,000. Finally, Timber Hill LLC grew its stake in shares of Eagle Materials by 70.4% in the 2nd quarter. Timber Hill LLC now owns 2,183 shares of the construction company’s stock valued at $202,000 after purchasing an additional 902 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.
Eagle Materials (EXP) traded up $3.79 on Tuesday, reaching $117.09. The company’s stock had a trading volume of 716,498 shares, compared to its average volume of 564,150. The firm has a market capitalization of $5,690.00, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29. Eagle Materials has a 52 week low of $86.51 and a 52 week high of $117.54. 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 also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date is Thursday, December 21st. Eagle Materials’s dividend payout ratio (DPR) is 9.20%.
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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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