Eagle Materials Sets New 1-Year High at $97.79 (EXP)
Shares of Eagle Materials (NYSE:EXP) hit a new 52-week high during mid-day trading on Thursday , AnalystRatingsNetwork.com reports. The stock traded as high as $97.79 and last traded at $96.46, with a volume of 497,193 shares. The stock had previously closed at $96.65.
A number of analysts have recently weighed in on EXP shares. Analysts at Zacks downgraded shares of Eagle Materials from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $89.60 price target on the stock. Analysts at Goldman Sachs raised their price target on shares of Eagle Materials to $124.00 in a research note on Friday, June 20th.
The stock has a 50-day moving average of $93.05 and a 200-day moving average of $86.08. The company has a market cap of $4.800 billion and a price-to-earnings ratio of 36.61.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.89 by $0.14. The company had revenue of $266.30 million for the quarter, compared to the consensus estimate of $274.68 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that Eagle Materials will post $3.86 EPS for the current fiscal year.
Eagle Materials Inc (NYSE:EXP) is engaged in the manufacture and distribution of gypsum wallboard and the manufacture and sale of cement.
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