Eagle Materials Inc (NYSE:EXP) – Research analysts at Northcoast Research cut their Q4 2018 earnings per share (EPS) estimates for shares of Eagle Materials in a research note issued on Thursday. Northcoast Research analyst K. Hocevar now forecasts that the construction company will earn $0.97 per share for the quarter, down from their prior forecast of $1.13.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.22). The company had revenue of $376.30 million during the quarter, compared to analyst estimates of $412.84 million. Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. ILLEGAL ACTIVITY NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/30/northcoast-research-research-analysts-decrease-earnings-estimates-for-eagle-materials-inc-exp.html.

Other equities research analysts also recently issued research reports about the company. Standpoint Research upgraded Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $115.00 to $110.00 in a report on Monday, July 31st. Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, BidaskClub upgraded Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $110.00.

Eagle Materials (NYSE EXP) traded up 0.247% during midday trading on Monday, hitting $107.565. The stock had a trading volume of 41,212 shares. The stock has a market capitalization of $5.22 billion, a PE ratio of 25.009 and a beta of 1.17. Eagle Materials has a 1-year low of $79.58 and a 1-year high of $110.98. The stock’s 50-day moving average is $106.16 and its 200-day moving average is $97.46.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.40 annualized dividend and a yield of 0.37%. Eagle Materials’s dividend payout ratio (DPR) is currently 9.17%.

In related news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was 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 owns 61,778 shares in the company, valued at $6,264,289.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gerald J. Essl sold 2,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $93.40, for a total value of $186,800.00. Following the sale, the insider now owns 39,859 shares of the company’s stock, valued at approximately $3,722,830.60. The disclosure for this sale can be found here. Insiders have sold 77,935 shares of company stock valued at $7,655,646 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in EXP. Tower Research Capital LLC TRC grew its holdings 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 worth $106,000 after buying an additional 949 shares in the last quarter. IFP Advisors Inc grew its holdings in Eagle Materials by 8.3% during the second quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock worth $109,000 after buying an additional 91 shares in the last quarter. Pacad Investment Ltd. grew its holdings in Eagle Materials by 116.7% during the second quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock worth $120,000 after buying an additional 700 shares in the last quarter. Global X Management Co. LLC grew its holdings 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 worth $142,000 after buying an additional 1,056 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 worth $173,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 90.59% 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.

Earnings History and Estimates for Eagle Materials (NYSE:EXP)

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