Eagle Materials, Inc. (NYSE:EXP) – Equities research analysts at Northcoast Research issued their Q3 2019 earnings estimates for Eagle Materials in a research note issued to investors on Wednesday, October 31st. Northcoast Research analyst K. Hocevar expects that the construction company will post earnings of $1.53 per share for the quarter. Northcoast Research currently has a “Buy” rating and a $128.00 target price on the stock. Northcoast Research also issued estimates for Eagle Materials’ Q4 2019 earnings at $1.01 EPS and FY2020 earnings at $6.10 EPS.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, October 30th. The construction company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.15). Eagle Materials had a net margin of 19.54% and a return on equity of 19.03%. The business had revenue of $381.50 million for the quarter, compared to analysts’ expectations of $401.04 million. During the same quarter in the prior year, the company posted $1.31 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis.
Several other analysts have also commented on EXP. 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 price objective for the company in a report on Tuesday, July 24th. Citigroup decreased their price objective on Eagle Materials from $132.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 31st. Stephens reiterated a “buy” rating and set a $124.00 price objective on shares of Eagle Materials in a report on Thursday, August 9th. Finally, ValuEngine lowered Eagle Materials from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $113.86.
Shares of EXP opened at $77.53 on Friday. Eagle Materials has a 12 month low of $64.95 and a 12 month high of $122.49. The company has a quick ratio of 1.34, a current ratio of 2.83 and a debt-to-equity ratio of 0.44. The firm has a market cap of $3.46 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, October 4th. Eagle Materials’s payout ratio is 9.48%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of Eagle Materials by 12.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,532,411 shares of the construction company’s stock valued at $265,826,000 after acquiring an additional 273,645 shares during the period. Wells Fargo & Company MN increased its position in shares of Eagle Materials by 83.5% in the 3rd quarter. Wells Fargo & Company MN now owns 1,324,576 shares of the construction company’s stock valued at $112,908,000 after acquiring an additional 602,571 shares during the period. Hermes Investment Management Ltd. increased its position in shares of Eagle Materials by 9.9% in the 2nd quarter. Hermes Investment Management Ltd. now owns 692,314 shares of the construction company’s stock valued at $72,672,000 after acquiring an additional 62,329 shares during the period. Point72 Asset Management L.P. increased its position in shares of Eagle Materials by 14.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 630,692 shares of the construction company’s stock valued at $66,204,000 after acquiring an additional 80,901 shares during the period. Finally, RWC Asset Management LLP increased its position in shares of Eagle Materials by 12.1% in the 3rd quarter. RWC Asset Management LLP now owns 428,952 shares of the construction company’s stock valued at $36,564,000 after acquiring an additional 46,220 shares during the period. 93.85% of the stock is currently owned by hedge funds and other institutional investors.
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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