Eagle Materials Upgraded to Neutral at Zacks (EXP)
Eagle Materials (NYSE:EXP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Thursday. The firm currently has a $99.30 price target on the stock. Zacks‘s price target would indicate a potential upside of 0.97% from the stock’s previous close.
Shares of Eagle Materials (NYSE:EXP) traded up 1.01% during mid-day trading on Thursday, hitting $99.34. 230,382 shares of the company’s stock traded hands. Eagle Materials has a one year low of $63.53 and a one year high of $98.65. The stock has a 50-day moving average of $93.47 and a 200-day moving average of $88.2. The company has a market cap of $4.987 billion and a P/E ratio of 37.25.
Eagle Materials (NYSE:EXP) last issued its quarterly 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. Shareholders 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.
Separately, analysts at Goldman Sachs raised their price target on shares of Eagle Materials to $124.00 in a research note on Friday, June 20th.
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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