Zacks: Analysts Anticipate Eagle Materials Inc (EXP) Will Announce Quarterly Sales of $415.20 Million
Equities research analysts expect Eagle Materials Inc (NYSE:EXP) to post sales of $415.20 million for the current quarter, Zacks reports. Two analysts have made estimates for Eagle Materials’ earnings, with the highest sales estimate coming in at $416.70 million and the lowest estimate coming in at $413.70 million. Eagle Materials posted sales of $332.66 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.8%. The firm is scheduled to announce its next quarterly earnings report on Monday, October 23rd.
On average, analysts expect that Eagle Materials will report full-year sales of $415.20 million for the current year, with estimates ranging from $1.48 billion to $1.49 billion. For the next financial year, analysts expect that the company will post sales of $1.65 billion per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Eagle Materials.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. The company had revenue of $366.10 million during the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. Eagle Materials’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Stephens upgraded Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Finally, BidaskClub upgraded Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $104.67.
Eagle Materials (NYSE EXP) traded down 3.91% during mid-day trading on Thursday, hitting $87.94. 213,184 shares of the stock traded hands. The company has a 50-day moving average of $92.44 and a 200 day moving average of $97.68. The firm has a market capitalization of $4.26 billion, a P/E ratio of 20.45 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Eagle Materials’s payout ratio is presently 9.30%.
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In related news, insider Gerald J. Essl sold 2,000 shares of Eagle Materials stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $93.40, for a total value of $186,800.00. Following the completion of the sale, the insider now directly owns 39,859 shares in the company, valued at approximately $3,722,830.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James H. Graass sold 10,000 shares of Eagle Materials stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $101.00, for a total value of $1,010,000.00. Following the completion of the sale, the executive vice president now owns 69,653 shares of the company’s stock, valued at $7,034,953. The disclosure for this sale can be found here. Insiders have sold 23,317 shares of company stock valued at $2,255,732 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in EXP. IFP Advisors Inc increased 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 last quarter. Pacad Investment Ltd. increased its stake in Eagle Materials by 116.7% in the second quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock valued at $120,000 after buying an additional 700 shares during the last quarter. Global X Management Co. LLC increased its stake 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 valued at $142,000 after buying an additional 1,056 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Eagle Materials by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock valued at $173,000 after buying an additional 146 shares during the last quarter. Finally, Timber Hill LLC increased its stake in Eagle Materials by 70.4% in the second quarter. Timber Hill LLC now owns 2,183 shares of the construction company’s stock valued at $202,000 after buying an additional 902 shares during the last quarter. Institutional investors own 92.68% 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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