News coverage about Eagle Materials (NYSE:EXP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eagle Materials earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.98477215724 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Eagle Materials (EXP) traded up $0.75 during mid-day trading on Friday, hitting $120.07. 522,829 shares of the stock were exchanged, compared to its average volume of 389,984. Eagle Materials has a 52 week low of $86.51 and a 52 week high of $121.13. The firm has a market cap of $5,838.40, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.02 and a beta of 1.29. The company has a current ratio of 2.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data 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 business had revenue of $376.30 million during the quarter, compared to analyst estimates of $412.84 million. During the same quarter in the prior year, the company posted $1.25 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. research analysts forecast that Eagle Materials will post 4.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s dividend payout ratio is 9.17%.
A number of analysts have weighed in on the stock. 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. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Finally, Stifel Nicolaus increased their price target on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $122.50.
In other news, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction 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 approximately $6,338,695.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP William R. Devlin sold 7,183 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $107.00, for a total transaction of $768,581.00. Following the completion of the transaction, the senior vice president now owns 28,321 shares of the company’s stock, valued at approximately $3,030,347. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,165 shares of company stock valued at $9,438,175. Corporate 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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