Eagle Materials (NYSE:EXP) Releases Earnings Results, Misses Expectations By $0.10 EPS

Eagle Materials (NYSE:EXP) issued its quarterly earnings data on Thursday. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10), FiscalAI reports. The firm had revenue of $555.96 million during the quarter, compared to analysts’ expectations of $556.41 million. Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.59 EPS.

Here are the key takeaways from Eagle Materials’ conference call:

• Reported Q3 revenue of $556 million and EPS of $3.22, with EPS down ~10% year?over?year and gross margin at 28.9%, driven largely by lower wallboard volumes.
• Heavy materials performed well—cement sales volume rose ~9% and aggregate volume hit a record 1.6 million tons (up 81%)—and the company has announced ~$8/ton cement price increases in most markets for early 2026.
• Light materials underperformed: wallboard revenue fell 16%, operating earnings dropped 25%, shipments declined ~14%, and wallboard pricing is range?bound with modest downward pressure in the current residential environment.
• Major modernization projects are progressing—Laramie (Mountain Cement) commissioning expected late 2026 and Duke (wallboard) in H2 2027—which management says will lower plant cost structures; company issued $750 million of 10?year notes and maintains strong liquidity and a 1.8x net debt/EBITDA leverage.
• Capital allocation remains balanced: fiscal YTD capex guidance of $430–$450 million to support projects, while returning nearly $150 million to shareholders this quarter via dividends and share repurchases (1.4M shares repurchased YTD, ~3.3M remaining authorization).

Eagle Materials Price Performance

Shares of NYSE EXP traded down $4.59 during trading on Friday, hitting $207.38. The company had a trading volume of 218,302 shares, compared to its average volume of 474,621. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 15.31 and a beta of 1.36. Eagle Materials has a fifty-two week low of $191.91 and a fifty-two week high of $262.81. The stock has a fifty day simple moving average of $220.61 and a two-hundred day simple moving average of $224.06. The company has a quick ratio of 1.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.83.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 15th were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Eagle Materials’s dividend payout ratio is currently 7.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EXP shares. Stifel Nicolaus set a $246.00 price target on Eagle Materials in a research note on Monday, October 27th. Wells Fargo & Company lowered their price objective on shares of Eagle Materials from $251.00 to $241.00 and set an “overweight” rating for the company in a research note on Thursday. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. JPMorgan Chase & Co. decreased their target price on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Finally, Truist Financial reissued a “hold” rating and set a $210.00 price target (down from $280.00) on shares of Eagle Materials in a research report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $234.20.

Trending Headlines about Eagle Materials

Here are the key news stories impacting Eagle Materials this week:

• Positive Sentiment: Adjusted EBITDA and margins stayed robust — the company reported Adjusted EBITDA of $190.1M and a net margin near 19%, showing operating resilience despite softer volumes. Eagle Materials Reports Third Quarter Results
• Positive Sentiment: Management highlighted continued strength in heavy materials/industrial end markets on the call, which supports parts of the business even as residential demand lags. Earnings Call: Heavy Strength, Light Strain
• Neutral Sentiment: Conference call transcript and slide deck are available for investors who want detail on segment trends, pricing and cadence — useful for modeling near?term volumes and margins. Q3 Earnings Call Transcript
• Negative Sentiment: Earnings per share missed consensus — EPS $3.22 vs. $3.32 estimate — and quarterly revenue was essentially flat ($556.0M vs ~$556.4M expected), providing the main trigger for the stock decline. Eagle Materials misses third quarter earnings expectations
• Negative Sentiment: Management cited residential weakness weighing on volumes; year?over?year EPS fell (from $3.59 a year ago), raising near?term demand concerns for the housing?related end market. Residential weakness weighs
• Negative Sentiment: Analyst reaction and coverage highlight the EPS shortfall and the modest revenue decline (?0.4% YoY), which could pressure near?term estimates until clearer signs of demand recovery appear. Q3 Earnings Lag Estimates

Insider Activity at Eagle Materials

In other Eagle Materials news, Director David E. Rush bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were acquired at an average cost of $208.08 per share, with a total value of $208,080.00. Following the purchase, the director directly owned 4,173 shares of the company’s stock, valued at $868,317.84. This trade represents a 31.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eagle Materials

A number of institutional investors have recently made changes to their positions in the stock. Baupost Group LLC MA increased its stake in Eagle Materials by 39.0% in the third quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock valued at $218,978,000 after purchasing an additional 263,403 shares during the last quarter. Invesco Ltd. lifted its stake in Eagle Materials by 4.6% in the third quarter. Invesco Ltd. now owns 363,508 shares of the construction company’s stock valued at $84,712,000 after buying an additional 15,899 shares during the last quarter. Bank of America Corp DE boosted its stake in Eagle Materials by 17.6% during the 3rd quarter. Bank of America Corp DE now owns 244,975 shares of the construction company’s stock worth $57,089,000 after purchasing an additional 36,590 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Eagle Materials by 56.9% in the second quarter. Ameriprise Financial Inc. now owns 227,869 shares of the construction company’s stock valued at $46,047,000 after buying an additional 82,679 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Eagle Materials during the third quarter worth about $51,812,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.