Analysts expect Eagle Materials Inc (NYSE:EXP) to post sales of $359.62 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Eagle Materials’ earnings, with estimates ranging from $350.71 million to $368.53 million. Eagle Materials posted sales of $302.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.9%. The firm is expected to announce its next quarterly earnings report on Tuesday, January 23rd.

On average, analysts expect that Eagle Materials will report full year sales of $359.62 million for the current financial year, with estimates ranging from $1.41 billion to $1.45 billion. For the next year, analysts anticipate that the company will post sales of $1.62 billion per share, with estimates ranging from $1.58 billion to $1.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Eagle Materials.

Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.22). The company had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. Eagle Materials’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 EPS.

EXP has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. Standpoint Research lowered 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. Finally, Stifel Nicolaus lifted their price target on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $122.50.

Eagle Materials (NYSE:EXP) traded up $2.04 on Tuesday, hitting $111.13. 484,100 shares of the stock traded hands, compared to its average volume of 572,067. The company has a market cap of $5,304.51, a P/E ratio of 24.08, a P/E/G ratio of 2.72 and a beta of 1.29. Eagle Materials has a one year low of $86.51 and a one year high of $116.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 0.94.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s dividend payout ratio (DPR) is presently 9.17%.

In other Eagle Materials news, COO Michael Haack sold 6,731 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $115.00, for a total transaction of $774,065.00. Following the completion of the transaction, the chief operating officer now directly owns 28,136 shares of the company’s stock, valued at approximately $3,235,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerald J. Essl sold 8,161 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $105.00, for a total transaction of $856,905.00. Following the transaction, the insider now directly owns 42,541 shares of the company’s stock, valued at $4,466,805. The disclosure for this sale can be found here. Insiders sold a total of 85,165 shares of company stock valued at $9,438,175 over the last ninety days. Company insiders own 4.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of EXP. Bank of Montreal Can boosted its stake in Eagle Materials by 0.3% during the 2nd quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock valued at $583,000 after purchasing an additional 17 shares during the period. Russell Investments Group Ltd. boosted its stake in Eagle Materials by 1.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 13,467 shares of the construction company’s stock valued at $1,245,000 after purchasing an additional 219 shares during the period. Great West Life Assurance Co. Can boosted its stake in Eagle Materials by 1.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 29,246 shares of the construction company’s stock valued at $2,701,000 after purchasing an additional 535 shares during the period. IFP Advisors Inc boosted its stake in Eagle Materials by 8.3% during the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock valued at $109,000 after purchasing an additional 91 shares during the period. Finally, Global X Management Co. LLC boosted its stake in Eagle Materials by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock valued at $142,000 after purchasing an additional 1,056 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

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

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