Equities analysts expect Eagle Materials Inc. (NYSE:EXP) to post earnings per share (EPS) of $1.79 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Eagle Materials’ earnings. The lowest EPS estimate is $1.62 and the highest is $1.94. Eagle Materials posted earnings of $1.56 per share during the same quarter last year, which indicates a positive year over year growth rate of 14.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 18th.
On average, analysts expect that Eagle Materials will report full-year earnings of $9.27 per share for the current fiscal year, with EPS estimates ranging from $9.07 to $9.46. For the next financial year, analysts anticipate that the business will report earnings of $11.22 per share, with EPS estimates ranging from $10.66 to $11.74. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Eagle Materials.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, January 27th. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.07. Eagle Materials had a net margin of 20.42% and a return on equity of 28.58%. The business had revenue of $462.94 million during the quarter, compared to analyst estimates of $461.05 million. During the same quarter last year, the business earned $1.94 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis.
Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, February 2nd. Citigroup reduced their price objective on shares of Eagle Materials from $194.00 to $175.00 in a research report on Friday, January 28th. Loop Capital reduced their price objective on shares of Eagle Materials from $170.00 to $155.00 in a research report on Friday, January 28th. Raymond James raised their price objective on shares of Eagle Materials from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, October 29th. Finally, DA Davidson reduced their price objective on shares of Eagle Materials from $170.00 to $160.00 in a research report on Friday, January 28th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $169.46.
In other news, Director Martin M. Ellen sold 1,193 shares of Eagle Materials stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $163.32, for a total transaction of $194,840.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William R. Devlin sold 5,152 shares of Eagle Materials stock in a transaction on Monday, November 15th. The stock was sold at an average price of $165.06, for a total value of $850,389.12. The disclosure for this sale can be found here. Insiders have sold a total of 16,415 shares of company stock worth $2,707,151 over the last ninety days. Insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in shares of Eagle Materials during the 4th quarter worth $26,000. Wolff Wiese Magana LLC bought a new stake in Eagle Materials in the 4th quarter valued at about $29,000. CWM LLC bought a new stake in Eagle Materials in the 4th quarter valued at about $34,000. O Shaughnessy Asset Management LLC raised its stake in Eagle Materials by 419.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 618 shares of the construction company’s stock valued at $81,000 after acquiring an additional 499 shares during the period. Finally, Allworth Financial LP raised its stake in Eagle Materials by 13.2% in the 3rd quarter. Allworth Financial LP now owns 694 shares of the construction company’s stock valued at $91,000 after acquiring an additional 81 shares during the period. Institutional investors own 97.02% of the company’s stock.
Eagle Materials stock traded down $1.22 during mid-day trading on Friday, hitting $141.84. 250,919 shares of the stock were exchanged, compared to its average volume of 337,366. The company has a quick ratio of 1.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.69. Eagle Materials has a 12 month low of $117.26 and a 12 month high of $169.15. The firm’s fifty day simple moving average is $155.87 and its two-hundred day simple moving average is $150.87. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 16.12 and a beta of 1.32.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 18th. Shareholders of record on Friday, March 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, March 17th. Eagle Materials’s dividend payout ratio is 11.36%.
Eagle Materials Company Profile
Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.