Eagle Materials Inc (EXP) Expected to Post Earnings of $1.56 Per Share
Equities analysts expect Eagle Materials Inc (NYSE:EXP) to post $1.56 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Eagle Materials’ earnings, with estimates ranging from $1.54 to $1.58. Eagle Materials reported earnings per share of $1.25 in the same quarter last year, which would suggest a positive year over year growth rate of 24.8%. The company is expected to report its next quarterly earnings report on Monday, October 23rd.
On average, analysts expect that Eagle Materials will report full year earnings of $5.32 per share for the current financial year, with EPS estimates ranging from $5.25 to $5.43. For the next year, analysts anticipate that the firm will report earnings of $6.82 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Eagle Materials.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. The firm had revenue of $366.10 million during the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS.
Several analysts have recently issued reports on EXP shares. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $113.00 price objective 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 note on Tuesday, May 30th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Eagle Materials currently has a consensus rating of “Hold” and an average price target of $104.67.
In related news, EVP James H. Graass sold 10,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $7,034,953. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.10% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock worth $106,000 after buying an additional 301 shares in the last quarter. Global X Management Co. LLC raised its position in Eagle Materials by 220.0% in the second quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock worth $142,000 after buying an additional 1,056 shares in the last quarter. Coldstream Capital Management Inc. raised its position 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 worth $220,000 after buying an additional 55 shares in the last quarter. Oakbrook Investments LLC raised its position in Eagle Materials by 7.6% in the second quarter. Oakbrook Investments LLC now owns 2,400 shares of the construction company’s stock worth $222,000 after buying an additional 170 shares in the last quarter. Finally, M&T Bank Corp raised its position 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 worth $228,000 after buying an additional 302 shares in the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.
Eagle Materials (NYSE:EXP) opened at 93.18 on Tuesday. The stock has a market capitalization of $4.52 billion, a P/E ratio of 21.66 and a beta of 1.23. Eagle Materials has a 52 week low of $73.27 and a 52 week high of $110.64. The company’s 50-day moving average price is $92.79 and its 200 day moving average price is $97.93.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. Eagle Materials’s dividend payout ratio (DPR) is currently 9.30%.
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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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