Equities analysts expect that Eagle Materials, Inc. (NYSE:EXP) will announce $1.41 earnings per share for the current quarter, according to Zacks. Five analysts have issued estimates for Eagle Materials’ earnings, with estimates ranging from $1.23 to $1.54. Eagle Materials posted earnings of $1.54 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.4%. The firm is scheduled to issue its next quarterly earnings results on Monday, July 29th.
According to Zacks, analysts expect that Eagle Materials will report full-year earnings of $5.66 per share for the current year, with EPS estimates ranging from $5.35 to $5.80. For the next year, analysts expect that the company will report earnings of $6.32 per share, with EPS estimates ranging from $5.93 to $6.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Eagle Materials.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, May 16th. The construction company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $278.70 million. Eagle Materials had a net margin of 4.94% and a return on equity of 17.82%. Eagle Materials’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS.
A number of equities research analysts have weighed in on EXP shares. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Tuesday, June 4th. TheStreet downgraded shares of Eagle Materials from a “b” rating to a “c+” rating in a research report on Friday, May 17th. Raymond James raised their target price on shares of Eagle Materials from $95.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Citigroup raised their target price on shares of Eagle Materials from $101.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Berenberg Bank initiated coverage on shares of Eagle Materials in a report on Wednesday, April 3rd. They issued a “buy” rating and a $103.00 price target for the company. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $102.68.
Eagle Materials stock opened at $87.48 on Friday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.31. The company has a quick ratio of 0.85, a current ratio of 2.38 and a debt-to-equity ratio of 0.54. Eagle Materials has a twelve month low of $57.00 and a twelve month high of $115.75.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 21st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Eagle Materials’s dividend payout ratio is presently 7.92%.
Several institutional investors and hedge funds have recently modified their holdings of EXP. Advisory Services Network LLC grew its position in shares of Eagle Materials by 18.3% during the first quarter. Advisory Services Network LLC now owns 2,851 shares of the construction company’s stock worth $240,000 after acquiring an additional 441 shares during the last quarter. First Dallas Securities Inc. grew its position in Eagle Materials by 4.2% in the 1st quarter. First Dallas Securities Inc. now owns 33,252 shares of the construction company’s stock valued at $2,803,000 after buying an additional 1,349 shares during the last quarter. FMR LLC lifted its holdings in Eagle Materials by 69.9% in the first quarter. FMR LLC now owns 3,445,277 shares of the construction company’s stock valued at $290,437,000 after acquiring an additional 1,418,021 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Eagle Materials in the first quarter valued at $263,000. Finally, HighTower Advisors LLC acquired a new stake in Eagle Materials in the first quarter valued at $273,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: Do equity income investments outperform growth and income investments?
Get a free copy of the Zacks research report on Eagle Materials (EXP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Eagle Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials and related companies with MarketBeat.com's FREE daily email newsletter.