Wall Street analysts expect Eagle Materials Inc. (NYSE:EXP) to post $334.12 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Eagle Materials’ earnings, with the highest sales estimate coming in at $344.70 million and the lowest estimate coming in at $321.00 million. Eagle Materials reported sales of $315.44 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, May 19th.
On average, analysts expect that Eagle Materials will report full year sales of $1.61 billion for the current year, with estimates ranging from $1.56 billion to $1.63 billion. For the next financial year, analysts forecast that the company will post sales of $1.73 billion, with estimates ranging from $1.66 billion to $1.76 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Eagle Materials.
A number of research analysts have commented on the stock. Truist raised their target price on shares of Eagle Materials from $135.00 to $160.00 in a research report on Wednesday, March 31st. Loop Capital raised their price target on shares of Eagle Materials from $108.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 6th. TheStreet upgraded shares of Eagle Materials from a “c+” rating to a “b” rating in a report on Wednesday, January 6th. JPMorgan Chase & Co. raised their price target on shares of Eagle Materials from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 22nd. Finally, Raymond James raised their price target on shares of Eagle Materials from $130.00 to $165.00 and gave the company an “outperform” rating in a report on Monday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $119.00.
NYSE EXP traded up $1.85 during trading on Thursday, reaching $142.09. 393,555 shares of the company’s stock traded hands, compared to its average volume of 356,453. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.98 and a quick ratio of 2.58. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 39.55 and a beta of 1.30. The company’s 50 day simple moving average is $136.63 and its two-hundred day simple moving average is $113.23. Eagle Materials has a 12-month low of $48.56 and a 12-month high of $145.00.
In other Eagle Materials news, insider Steven L. Wentzel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $129.44, for a total transaction of $388,320.00. Following the completion of the transaction, the insider now directly owns 13,250 shares of the company’s stock, valued at approximately $1,715,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Haack sold 9,907 shares of the firm’s stock in a transaction that occurred on Tuesday, April 6th. The stock was sold at an average price of $137.78, for a total transaction of $1,364,986.46. Following the transaction, the chief executive officer now directly owns 57,141 shares of the company’s stock, valued at $7,872,886.98. The disclosure for this sale can be found here. Insiders sold a total of 144,093 shares of company stock valued at $17,242,848 over the last quarter. 2.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of EXP. CWM LLC raised its position in Eagle Materials by 192.5% during the 1st quarter. CWM LLC now owns 234 shares of the construction company’s stock worth $31,000 after buying an additional 154 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of Eagle Materials by 67.4% during the 1st quarter. CENTRAL TRUST Co now owns 360 shares of the construction company’s stock valued at $48,000 after purchasing an additional 145 shares in the last quarter. Exane Derivatives increased its holdings in shares of Eagle Materials by 74.1% during the 4th quarter. Exane Derivatives now owns 491 shares of the construction company’s stock valued at $50,000 after purchasing an additional 209 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Eagle Materials during the 4th quarter valued at approximately $62,000. Finally, Allworth Financial LP increased its holdings in shares of Eagle Materials by 32.6% during the 4th quarter. Allworth Financial LP now owns 813 shares of the construction company’s stock valued at $82,000 after purchasing an additional 200 shares in the last quarter. 94.24% of the stock is owned by institutional investors.
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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