Eagle Materials Inc (NYSE:EXP) Scheduled to Post Quarterly Earnings on Monday
Eagle Materials Inc (NYSE:EXP) is scheduled to announce its earnings results before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $1.16 per share for the quarter.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, May 18th. The construction company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.03. Eagle Materials had a return on equity of 18.07% and a net margin of 16.36%. The company had revenue of $278.60 million for the quarter, compared to analyst estimates of $271.18 million. During the same quarter in the prior year, the firm posted $0.80 EPS. Eagle Materials’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, analysts expect Eagle Materials to post $5.43 EPS for the current fiscal year and $8.2 EPS for the next fiscal year.
Shares of Eagle Materials Inc (NYSE EXP) opened at 93.25 on Monday. The company’s 50-day moving average price is $95.63 and its 200 day moving average price is $99.04. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 22.74 and a beta of 1.23. Eagle Materials Inc has a 12-month low of $73.27 and a 12-month high of $110.64.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Wednesday, June 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 19th. Eagle Materials’s dividend payout ratio (DPR) is currently 9.76%.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Stephens raised Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Eagle Materials currently has an average rating of “Buy” and a consensus target price of $102.00.
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In other news, CEO David B. Powers sold 11,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $99.03, for a total value of $1,089,330.00. Following the transaction, the chief executive officer now owns 73,400 shares of the company’s stock, valued at approximately $7,268,802. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James H. Graass sold 10,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $101.00, for a total value of $1,010,000.00. Following the completion of the transaction, the executive vice president now directly owns 69,653 shares in the company, valued at approximately $7,034,953. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.
Eagle Materials Company Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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