Brokerages expect Eagle Materials, Inc. (NYSE:EXP) to announce $280.98 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Eagle Materials’ earnings, with estimates ranging from $276.15 million to $289.00 million. Eagle Materials posted sales of $284.71 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.3%. The firm is expected to report its next quarterly earnings report on Tuesday, May 21st.
According to Zacks, analysts expect that Eagle Materials will report full year sales of $1.40 billion for the current financial year, with estimates ranging from $1.38 billion to $1.44 billion. For the next financial year, analysts expect that the firm will post sales of $1.45 billion, with estimates ranging from $1.41 billion to $1.53 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Eagle Materials.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, January 29th. The construction company reported $1.24 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.06). Eagle Materials had a net margin of 16.77% and a return on equity of 17.49%. The company had revenue of $333.30 million for the quarter, compared to the consensus estimate of $357.08 million. During the same quarter last year, the company earned $2.08 earnings per share. The company’s revenue was down 7.3% compared to the same quarter last year.
A number of research firms have commented on EXP. Citigroup reduced their price objective on shares of Eagle Materials from $111.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, January 3rd. Zacks Investment Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Jefferies Financial Group upgraded shares of Eagle Materials from an “underweight” rating to a “market weight” rating in a research note on Monday, March 11th. Northcoast Research downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating in a research note on Friday, January 25th. Finally, DA Davidson increased their price objective on shares of Eagle Materials to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 2nd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $106.88.
NYSE EXP traded up $0.62 during trading hours on Tuesday, reaching $72.25. 944,529 shares of the company traded hands, compared to its average volume of 778,458. Eagle Materials has a 12 month low of $57.00 and a 12 month high of $115.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.26 and a quick ratio of 0.87. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. Eagle Materials’s dividend payout ratio (DPR) is 9.48%.
In other Eagle Materials news, Director Ed H. Bowman, Jr. sold 2,591 shares of the stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $71.35, for a total transaction of $184,867.85. Following the sale, the director now directly owns 12,977 shares of the company’s stock, valued at $925,908.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new stake in shares of Eagle Materials during the fourth quarter worth $35,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Eagle Materials during the fourth quarter worth $95,000. Cerebellum GP LLC raised its holdings in shares of Eagle Materials by 10.4% during the fourth quarter. Cerebellum GP LLC now owns 2,373 shares of the construction company’s stock worth $145,000 after purchasing an additional 223 shares during the period. Sun Life Financial INC acquired a new stake in shares of Eagle Materials during the fourth quarter worth $151,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Eagle Materials by 11.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,268 shares of the construction company’s stock worth $199,000 after purchasing an additional 329 shares during the period. 94.82% of the stock is currently owned by institutional investors.
Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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