Equities analysts predict that Eagle Materials, Inc. (NYSE:EXP) will report sales of $414.68 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Eagle Materials’ earnings, with the lowest sales estimate coming in at $408.00 million and the highest estimate coming in at $420.71 million. Eagle Materials posted sales of $376.32 million in the same quarter last year, which suggests a positive year over year growth rate of 10.2%. The firm is expected to report its next earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that Eagle Materials will report full-year sales of $1.52 billion for the current fiscal year, with estimates ranging from $1.49 billion to $1.55 billion. For the next year, analysts forecast that the business will post sales of $1.65 billion per share, with estimates ranging from $1.61 billion to $1.69 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Eagle Materials.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Monday, July 30th. The construction company reported $1.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.02). The business had revenue of $393.80 million during the quarter, compared to the consensus estimate of $402.34 million. Eagle Materials had a net margin of 18.96% and a return on equity of 18.77%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS.
Several equities analysts have commented on EXP shares. Northcoast Research raised Eagle Materials from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.51 to $122.49 in a research report on Wednesday, June 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Eagle Materials in a report on Friday, July 20th. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Tuesday, July 24th. Citigroup lowered their target price on Eagle Materials from $132.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 31st. Finally, Stephens reiterated a “buy” rating and issued a $124.00 target price on shares of Eagle Materials in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $125.67.
Hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new stake in shares of Eagle Materials in the 2nd quarter worth $114,000. Hilltop Holdings Inc. purchased a new stake in shares of Eagle Materials in the 1st quarter worth $202,000. Sawtooth Solutions LLC purchased a new stake in shares of Eagle Materials in the 2nd quarter worth $244,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Eagle Materials by 31.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,580 shares of the construction company’s stock worth $271,000 after buying an additional 622 shares during the period. Finally, GWM Advisors LLC purchased a new stake in shares of Eagle Materials in the 1st quarter worth $264,000. Institutional investors and hedge funds own 93.57% of the company’s stock.
Shares of Eagle Materials stock opened at $86.59 on Tuesday. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.34 and a current ratio of 2.61. Eagle Materials has a 52 week low of $85.84 and a 52 week high of $122.49.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Thursday, October 4th. Eagle Materials’s dividend payout ratio is 9.48%.
About Eagle Materials
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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