Wall Street analysts predict that Eagle Materials (NYSE:EXP) will announce sales of $405.69 million for the current quarter, according to Zacks. Four analysts have made estimates for Eagle Materials’ earnings, with the highest sales estimate coming in at $414.79 million and the lowest estimate coming in at $394.40 million. Eagle Materials posted sales of $366.12 million in the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The company is expected to issue its next earnings results on Thursday, July 26th.
On average, analysts expect that Eagle Materials will report full-year sales of $1.52 billion for the current financial year, with estimates ranging from $1.48 billion to $1.57 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.65 billion per share, with estimates ranging from $1.62 billion to $1.68 billion. Zacks’ sales averages are an average based on a survey of 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.26). Eagle Materials had a return on equity of 18.10% and a net margin of 18.51%. The firm had revenue of $284.70 million during the quarter, compared to the consensus estimate of $308.56 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. Eagle Materials’s revenue for the quarter was up 2.2% on a year-over-year basis.
A number of equities analysts recently issued reports on the company. Northcoast Research upgraded Eagle Materials from a “neutral” rating to a “buy” rating and increased their target price for the stock from $86.51 to $122.49 in a report on Wednesday, June 13th. Raymond James assumed coverage on Eagle Materials in a report on Tuesday, March 13th. They issued a “market perform” rating on the stock. Citigroup assumed coverage on Eagle Materials in a report on Tuesday, March 13th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Longbow Research upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a report on Friday, March 23rd. Finally, Jefferies Financial Group assumed coverage on Eagle Materials in a report on Tuesday, April 17th. They issued a “buy” rating and a $121.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $128.37.
Shares of Eagle Materials traded down $0.95, reaching $105.91, during trading hours on Friday, according to Marketbeat. The stock had a trading volume of 33,450 shares, compared to its average volume of 425,871. Eagle Materials has a 12 month low of $86.51 and a 12 month 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 stock has a market cap of $5.15 billion, a P/E ratio of 25.43, a P/E/G ratio of 0.95 and a beta of 1.20.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, June 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, June 21st. Eagle Materials’s dividend payout ratio (DPR) is presently 9.48%.
In other Eagle Materials news, CFO Dale Craig Kesler sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $108.70, for a total transaction of $1,087,000.00. Following the transaction, the chief financial officer now directly owns 69,373 shares in the company, valued at approximately $7,540,845.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James H. Graass sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $115.00, for a total value of $575,000.00. Following the transaction, the executive vice president now owns 60,253 shares in the company, valued at $6,929,095. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,000 shares of company stock worth $3,324,500. Company insiders own 4.10% of the company’s stock.
A number of large investors have recently modified their holdings of EXP. Whittier Trust Co. of Nevada Inc. lifted its stake in Eagle Materials by 61.3% during the 1st 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 in the last quarter. Hilltop Holdings Inc. bought a new position in Eagle Materials during the 1st quarter valued at $202,000. MML Investors Services LLC bought a new position in Eagle Materials during the 4th quarter valued at $215,000. Sciencast Management LP bought a new position in Eagle Materials during the 4th quarter valued at $224,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Eagle Materials during the 4th quarter worth $232,000. Institutional investors and hedge funds own 93.14% of the company’s stock.
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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