Brokerages Expect Eagle Materials, Inc. (EXP) to Announce $1.08 EPS

Equities analysts expect Eagle Materials, Inc. (NYSE:EXP) to report $1.08 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Eagle Materials’ earnings. The highest EPS estimate is $1.18 and the lowest is $0.97. Eagle Materials reported earnings of $0.88 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 22.7%. The firm is expected to issue its next earnings results on Thursday, May 17th.

On average, analysts expect that Eagle Materials will report full-year earnings of $5.30 per share for the current year, with EPS estimates ranging from $4.80 to $5.69. For the next fiscal year, analysts anticipate that the company will report earnings of $6.33 per share, with EPS estimates ranging from $6.00 to $6.59. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Eagle Materials.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The firm had revenue of $359.40 million for the quarter, compared to the consensus estimate of $364.52 million. During the same quarter last year, the business posted $1.17 EPS. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year.

A number of analysts recently weighed in on the company. Citigroup lifted their price target on Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 30th. Finally, Stifel Nicolaus dropped their target price on Eagle Materials from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Eagle Materials has a consensus rating of “Hold” and a consensus price target of $135.00.

In related news, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was 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 of the company’s stock, valued at $6,338,695.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael Haack sold 6,731 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $115.00, for a total value of $774,065.00. Following the completion of the transaction, the chief operating officer now directly owns 28,136 shares of the company’s stock, valued at approximately $3,235,640. The disclosure for this sale can be found here. Insiders sold 61,623 shares of company stock valued at $6,930,994 in the last three months. 4.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of EXP. Skylands Capital LLC raised its stake in Eagle Materials by 58.6% during the third quarter. Skylands Capital LLC now owns 87,600 shares of the construction company’s stock valued at $9,347,000 after buying an additional 32,375 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Eagle Materials by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 442,837 shares of the construction company’s stock worth $40,925,000 after acquiring an additional 9,922 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Eagle Materials by 137.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock worth $426,000 after acquiring an additional 2,303 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Eagle Materials by 9.6% in the third quarter. Prudential Financial Inc. now owns 459,861 shares of the construction company’s stock valued at $49,066,000 after purchasing an additional 40,150 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Eagle Materials by 67.9% in the third quarter. Ameriprise Financial Inc. now owns 286,810 shares of the construction company’s stock valued at $30,601,000 after purchasing an additional 115,968 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials (EXP) traded down $2.54 during trading on Monday, hitting $106.79. The company had a trading volume of 210,813 shares, compared to its average volume of 549,560. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.06 and a current ratio of 2.44. Eagle Materials has a 12-month low of $86.51 and a 12-month high of $122.49. The stock has a market capitalization of $5,320.96, a P/E ratio of 20.46, a PEG ratio of 2.58 and a beta of 1.17.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s payout ratio is 7.59%.

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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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