Eagle Materials Inc (EXP) Set to Announce Earnings on Wednesday
Eagle Materials Inc (NYSE:EXP) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 25th. Analysts expect Eagle Materials to post earnings of $1.58 per share for the quarter.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The business had revenue of $366.10 million during the quarter, compared to analysts’ expectations of $369.68 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. Eagle Materials’s revenue was up 23.1% compared to the same quarter last year. On average, analysts expect Eagle Materials to post $5.33 EPS for the current fiscal year and $6.44 EPS for the next fiscal year.
Shares of Eagle Materials Inc (NYSE:EXP) opened at 109.22 on Wednesday. The company has a market cap of $5.30 billion, a PE ratio of 25.39 and a beta of 1.17. Eagle Materials Inc has a 52-week low of $73.83 and a 52-week high of $110.64. The company’s 50-day moving average is $103.38 and its 200 day moving average is $96.58.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, October 5th. Eagle Materials’s payout ratio is presently 9.30%.
EXP has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Eagle Materials from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. BidaskClub raised Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. raised Eagle Materials from a “neutral” rating to a “buy” rating and reduced their target price for the company from $115.00 to $110.00 in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $110.00.
In other news, insider Gerald J. Essl sold 2,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $93.40, for a total transaction of $186,800.00. Following the completion of the transaction, the insider now owns 39,859 shares of the company’s stock, valued at $3,722,830.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David B. Powers sold 11,317 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $93.57, for a total value of $1,058,931.69. Following the transaction, the chief executive officer now directly owns 106,580 shares of the company’s stock, valued at approximately $9,972,690.60. The disclosure for this sale can be found here. Insiders have sold 69,774 shares of company stock valued at $6,798,741 in the last three months. 4.10% of the stock is owned by insiders.
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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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