Eagle Materials Reaches New 12-Month High at $98.00 (EXP)
Eagle Materials (NYSE:EXP)’s share price reached a new 52-week high during trading on Tuesday , American Banking News.com reports. The stock traded as high as $98.00 and last traded at $97.80, with a volume of 217,843 shares. The stock had previously closed at $96.49.
EXP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Eagle Materials from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 23rd. 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 $93.27 and a 200-day moving average of $87.99. The company has a market cap of $4.925 billion and a price-to-earnings ratio of 36.55.
Eagle Materials (NYSE:EXP) last released its earnings data on Tuesday, July 22nd. The company reported $0.75 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.60 earnings per share. Eagle Materials’s revenue was up 17.3% compared to the same quarter last year. Analysts expect that Eagle Materials will post $3.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 7th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Wednesday, October 1st.
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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