Eagle Materials Inc (EXP) Expected to Post Quarterly Sales of $368.84 Million
Analysts expect Eagle Materials Inc (NYSE:EXP) to report $368.84 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Eagle Materials’ earnings, with the lowest sales estimate coming in at $366.90 million and the highest estimate coming in at $370.78 million. Eagle Materials reported sales of $297.50 million during the same quarter last year, which indicates a positive year over year growth rate of 24%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that Eagle Materials will report full-year sales of $368.84 million for the current fiscal year, with estimates ranging from $1.45 billion to $1.48 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.61 billion per share. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Eagle Materials.
Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, May 18th. The construction company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.03. The firm had revenue of $278.60 million for the quarter, compared to analysts’ expectations of $271.18 million. Eagle Materials had a net margin of 16.36% and a return on equity of 18.07%. Eagle Materials’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS.
EXP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Thursday, May 11th. Stephens upgraded Eagle Materials from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 30th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $102.00.
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Eagle Materials (NYSE EXP) opened at 94.13 on Thursday. The firm has a market cap of $4.57 billion, a PE ratio of 22.96 and a beta of 1.23. Eagle Materials has a 1-year low of $73.27 and a 1-year high of $110.64. The firm’s 50-day moving average is $93.67 and its 200 day moving average is $98.42.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Wednesday, June 21st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, June 19th. Eagle Materials’s payout ratio is 9.76%.
In other Eagle Materials news, EVP James H. Graass sold 10,000 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $101.00, for a total transaction of $1,010,000.00. Following the transaction, the executive vice president now owns 69,653 shares in the company, valued at approximately $7,034,953. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David B. Powers sold 11,000 shares of the 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 in the company, valued at approximately $7,268,802. The disclosure for this sale can be found here. 4.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock valued at $106,000 after buying an additional 301 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Eagle Materials by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,373 shares of the construction company’s stock valued at $133,000 after buying an additional 113 shares during the period. Coldstream Capital Management Inc. raised its stake in Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock valued at $220,000 after buying an additional 55 shares during the period. M&T Bank Corp raised its stake in Eagle Materials by 14.8% in the first quarter. M&T Bank Corp now owns 2,347 shares of the construction company’s stock valued at $228,000 after buying an additional 302 shares during the period. Finally, Suntrust Banks Inc. bought a new stake in Eagle Materials during the first quarter valued at about $235,000. Hedge funds and other institutional investors own 93.22% of the company’s stock.
About Eagle Materials
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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