Equities analysts expect Eagle Materials (NYSE:EXP) to announce earnings per share (EPS) of $1.58 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Eagle Materials’ earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.51. Eagle Materials posted earnings per share of $1.17 in the same quarter last year, which suggests a positive year over year growth rate of 35%. The firm is expected to issue its next earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Eagle Materials will report full-year earnings of $6.37 per share for the current fiscal year, with EPS estimates ranging from $6.16 to $6.54. For the next year, analysts expect that the business will report earnings of $7.47 per share, with EPS estimates ranging from $7.20 to $7.77. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Eagle Materials.
Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, May 15th. The construction company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.08 by ($0.26). The firm had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $308.56 million. Eagle Materials had a net margin of 18.51% and a return on equity of 18.10%. Eagle Materials’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS.
A number of equities research analysts recently commented on EXP shares. Zacks Investment Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 30th. Jefferies Group started coverage on Eagle Materials in a research report on Tuesday, April 17th. They issued a “buy” rating and a $121.00 target price on the stock. Raymond James started coverage on Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating on the stock. Citigroup started coverage on Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 target price on shares of Eagle Materials in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Eagle Materials currently has an average rating of “Hold” and a consensus target price of $130.33.
In other Eagle Materials news, EVP James H. Graass sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the completion of the transaction, the executive vice president now directly owns 61,715 shares of the company’s stock, valued at $6,788,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.10% of the company’s stock.
A number of large investors have recently made changes to their positions in EXP. Whittier Trust Co. of Nevada Inc. lifted its holdings in Eagle Materials by 61.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,958 shares of the construction company’s stock valued at $202,000 after acquiring an additional 744 shares during the period. Hilltop Holdings Inc. acquired a new position in Eagle Materials in the first quarter valued at approximately $202,000. Cigna Investments Inc. New acquired a new position in Eagle Materials in the fourth quarter valued at approximately $205,000. MML Investors Services LLC acquired a new position in Eagle Materials in the fourth quarter valued at approximately $215,000. Finally, Sciencast Management LP acquired a new position in Eagle Materials in the fourth quarter valued at approximately $224,000. 89.17% of the stock is owned by institutional investors.
Eagle Materials traded down $0.36, reaching $107.10, during trading hours on Friday, according to Marketbeat.com. The stock had a trading volume of 565,300 shares, compared to its average volume of 523,774. The firm has a market cap of $5.30 billion, a P/E ratio of 25.32, a P/E/G ratio of 0.96 and a beta of 1.20. Eagle Materials has a 52-week low of $86.51 and a 52-week high of $122.49. The company has a quick ratio of 1.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.44.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, June 22nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, June 21st. Eagle Materials’s payout ratio is presently 9.48%.
About Eagle Materials
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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