Brokerages Expect Eagle Materials Inc (EXP) Will Post Quarterly Sales of $359.62 Million

Equities analysts predict that Eagle Materials Inc (NYSE:EXP) will post sales of $359.62 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Eagle Materials’ earnings. The highest sales estimate is $368.53 million and the lowest is $350.71 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 scheduled to announce its next earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that Eagle Materials will report full year sales of $359.62 million for the current 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 that provide coverage for Eagle Materials.

Eagle Materials (NYSE:EXP) last released its quarterly 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). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The company had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. During the same period in the prior year, the company earned $1.25 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. Standpoint Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. Finally, Stifel Nicolaus increased their target price on shares of Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Eagle Materials has an average rating of “Hold” and a consensus target price of $122.50.

Eagle Materials (EXP) opened at $117.42 on Thursday. Eagle Materials has a 52-week low of $86.51 and a 52-week high of $118.23. The stock has a market cap of $5,720.00, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29. The company has a current ratio of 2.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. Eagle Materials’s payout ratio is presently 9.20%.

In related news, insider Gerald J. Essl sold 8,161 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $105.00, for a total transaction of $856,905.00. Following the sale, the insider now owns 42,541 shares in the company, valued at approximately $4,466,805. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William R. Devlin sold 7,183 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $107.00, for a total transaction of $768,581.00. Following the sale, the senior vice president now owns 28,321 shares in the company, valued at approximately $3,030,347. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,165 shares of company stock worth $9,438,175. Company insiders own 4.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Eagle Materials by 9.1% during the 2nd quarter. FMR LLC now owns 4,407,131 shares of the construction company’s stock worth $407,307,000 after acquiring an additional 367,661 shares in the last quarter. BlackRock Inc. boosted its position in shares of Eagle Materials by 3.8% during the 2nd quarter. BlackRock Inc. now owns 4,101,930 shares of the construction company’s stock worth $379,100,000 after acquiring an additional 150,577 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Eagle Materials by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,784,382 shares of the construction company’s stock worth $349,753,000 after acquiring an additional 41,784 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Eagle Materials by 19.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,822,368 shares of the construction company’s stock worth $303,320,000 after acquiring an additional 464,534 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Eagle Materials by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 1,376,500 shares of the construction company’s stock worth $127,216,000 after acquiring an additional 63,035 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

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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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