Equities research analysts expect Eagle Materials (NYSE:EXP) to report $307.83 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Eagle Materials’ earnings, with the lowest sales estimate coming in at $285.50 million and the highest estimate coming in at $324.36 million. Eagle Materials posted sales of $278.66 million during the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The business is expected to report its next earnings report on Thursday, May 17th.
On average, analysts expect that Eagle Materials will report full-year sales of $1.41 billion for the current fiscal year, with estimates ranging from $1.39 billion to $1.43 billion. For the next year, analysts forecast that the firm will report sales of $1.54 billion per share, with estimates ranging from $1.51 billion to $1.58 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Eagle Materials.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.20. The company had revenue of $359.40 million for the quarter, compared to analyst estimates of $364.52 million. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The firm’s revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share.
EXP has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Citigroup raised their price target on shares of Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Stifel Nicolaus dropped their price target on shares of Eagle Materials from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Jefferies Group initiated coverage on shares of Eagle Materials in a research report on Tuesday. They set a “buy” rating and a $121.00 price target on the stock. Finally, Longbow Research upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating in a research report on Friday, March 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $130.33.
EXP stock traded down $0.39 during midday trading on Monday, hitting $100.88. 401,903 shares of the stock traded hands, compared to its average volume of 495,184. The firm has a market cap of $4,928.69, a PE ratio of 23.85, a P/E/G ratio of 1.95 and a beta of 1.19. 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 1-year low of $86.51 and a 1-year high of $122.49.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, April 11th. Eagle Materials’s payout ratio is 9.46%.
A number of institutional investors and hedge funds have recently bought and sold shares of EXP. Cigna Investments Inc. New purchased a new position in Eagle Materials during the fourth quarter valued at $205,000. MML Investors Services LLC purchased a new position in Eagle Materials during the fourth quarter valued at $215,000. Sciencast Management LP purchased a new position in Eagle Materials during the fourth quarter valued at $224,000. Landscape Capital Management L.L.C. purchased a new position in Eagle Materials during the fourth quarter valued at $232,000. Finally, Ingalls & Snyder LLC purchased a new position in Eagle Materials during the fourth quarter valued at $234,000. 96.04% of the stock is currently owned by institutional investors and hedge funds.
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Eagle Materials Company Profile
Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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