Q2 2018 EPS Estimates for Eagle Materials, Inc. (EXP) Cut by Analyst
Eagle Materials, Inc. (NYSE:EXP) – Research analysts at Northcoast Research decreased their Q2 2018 earnings estimates for Eagle Materials in a research report issued on Tuesday. Northcoast Research analyst K. Hocevar now forecasts that the construction company will post earnings of $1.53 per share for the quarter, down from their prior forecast of $1.54.
EXP has been the subject of a number of other reports. Standpoint Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their price target for the company from $115.00 to $110.00 in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $110.00.
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Shares of Eagle Materials (NYSE:EXP) traded up 0.63% during trading on Friday, reaching $110.00. 368,343 shares of the company’s stock were exchanged. The firm has a market capitalization of $5.33 billion, a PE ratio of 25.58 and a beta of 1.17. Eagle Materials has a 52 week low of $73.83 and a 52 week high of $110.85. The company’s 50-day moving average price is $104.89 and its 200 day moving average price is $96.94.
Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17. The company had revenue of $366.10 million during the quarter, compared to analysts’ expectations of $369.68 million. Eagle Materials had a net margin of 14.99% and a return on equity of 17.91%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Thursday, October 5th. Eagle Materials’s payout ratio is 9.30%.
In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $101.40, for a total transaction of $507,000.00. Following the completion of the sale, the chief financial officer now directly owns 61,778 shares of the company’s stock, valued at $6,264,289.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William R. Devlin sold 16,469 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $96.51, for a total transaction of $1,589,423.19. Following the sale, the senior vice president now directly owns 51,973 shares of the company’s stock, valued at $5,015,914.23. The disclosure for this sale can be found here. Insiders sold a total of 69,774 shares of company stock valued at $6,798,741 over the last three months. 4.10% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in Eagle Materials by 474.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after buying an additional 949 shares in the last quarter. IFP Advisors Inc lifted its stake in Eagle Materials by 8.3% during the second quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock valued at $109,000 after buying an additional 91 shares in the last quarter. Pacad Investment Ltd. lifted its stake in Eagle Materials by 116.7% during 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 in the last quarter. Global X Management Co. LLC lifted its stake in Eagle Materials by 220.0% during 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Eagle Materials by 8.5% during 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 in the last quarter. 91.02% of the stock is owned by institutional investors.
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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