Wall Street brokerages expect that Eagle Materials, Inc. (NYSE:EXP) will report $317.07 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Eagle Materials’ earnings, with estimates ranging from $302.45 million to $331.69 million. Eagle Materials reported sales of $278.66 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The firm is expected to announce its next quarterly earnings report on Thursday, May 17th.
According to Zacks, analysts expect that Eagle Materials will report full year sales of $317.07 million for the current fiscal year, with estimates ranging from $1.40 billion to $1.43 billion. For the next fiscal year, analysts expect that the business will post sales of $1.57 billion per share, with estimates ranging from $1.55 billion to $1.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Eagle Materials.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.20. The firm had revenue of $359.40 million for the quarter, compared to analyst estimates of $364.52 million. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS.
In related news, EVP Robert S. Stewart sold 29,892 shares of Eagle Materials stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $111.77, for a total transaction of $3,341,028.84. Following the sale, the executive vice president now directly owns 34,323 shares in the company, valued at $3,836,281.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the sale, the chief financial officer now owns 56,778 shares in the company, valued at $6,338,695.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,623 shares of company stock worth $6,930,994. Corporate insiders own 4.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXP. Tower Research Capital LLC TRC boosted its position in shares of 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 purchasing an additional 949 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Eagle Materials during the third quarter valued at approximately $201,000. Cigna Investments Inc. New bought a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $205,000. HM Payson & Co. bought a new stake in shares of Eagle Materials during the third quarter valued at approximately $225,000. Finally, Ingalls & Snyder LLC bought a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $234,000. Institutional investors own 91.58% of the company’s stock.
Shares of Eagle Materials (NYSE EXP) opened at $106.50 on Wednesday. The firm has a market capitalization of $5,140.00, a P/E ratio of 20.25, a PEG ratio of 2.58 and a beta of 1.17. Eagle Materials has a 1 year low of $86.51 and a 1 year high of $122.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 12th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Eagle Materials’s dividend payout ratio is currently 7.60%.
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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