Wall Street brokerages expect Eagle Materials, Inc. (NYSE:EXP) to announce earnings per share of $1.72 for the current quarter, according to Zacks. Four analysts have made estimates for Eagle Materials’ earnings. The highest EPS estimate is $1.78 and the lowest is $1.63. Eagle Materials reported earnings per share of $1.31 during the same quarter last year, which would suggest a positive year over year growth rate of 31.3%. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, October 30th.
On average, analysts expect that Eagle Materials will report full-year earnings of $5.96 per share for the current financial year, with EPS estimates ranging from $5.82 to $6.15. For the next year, analysts expect that the business will report earnings of $7.01 per share, with EPS estimates ranging from $6.78 to $7.20. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Eagle Materials.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Monday, July 30th. The construction company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). The business had revenue of $393.80 million during the quarter, compared to analyst estimates of $402.34 million. Eagle Materials had a net margin of 18.96% and a return on equity of 18.77%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share.
A number of research analysts recently issued reports on the stock. ValuEngine cut shares of Eagle Materials from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Stephens reissued a “buy” rating and issued a $124.00 price objective on shares of Eagle Materials in a research note on Thursday, August 9th. Citigroup decreased their price objective on shares of Eagle Materials from $132.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 31st. Finally, Zacks Investment Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. Eagle Materials presently has a consensus rating of “Buy” and a consensus target price of $122.57.
NYSE:EXP traded down $1.43 during mid-day trading on Friday, reaching $72.89. The stock had a trading volume of 627,666 shares, compared to its average volume of 636,155. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.61 and a quick ratio of 1.34. Eagle Materials has a 12 month low of $72.70 and a 12 month high of $122.49.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. Eagle Materials’s dividend payout ratio (DPR) is 9.48%.
Large investors have recently made changes to their positions in the stock. Maplelane Capital LLC bought a new stake in shares of Eagle Materials during the second quarter worth $40,868,000. Bank of New York Mellon Corp grew its stake in shares of Eagle Materials by 12.1% during the second quarter. Bank of New York Mellon Corp now owns 2,532,411 shares of the construction company’s stock worth $265,826,000 after buying an additional 273,645 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Eagle Materials by 130.2% during the first quarter. Royal Bank of Canada now owns 285,555 shares of the construction company’s stock worth $29,427,000 after buying an additional 161,522 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Eagle Materials during the second quarter worth $13,528,000. Finally, Wafra Inc. bought a new stake in shares of Eagle Materials during the second quarter worth $12,672,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.
Eagle Materials Company Profile
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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