Eagle Materials (EXP) to Release Earnings on Thursday

Eagle Materials (NYSE:EXP) is anticipated to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Eagle Materials to post earnings of $3.97 per share and revenue of $581,720.00 billion for the quarter.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The company had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $4.28 earnings per share. On average, analysts expect Eagle Materials to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Eagle Materials Trading Up 3.4 %

Shares of EXP stock opened at $251.06 on Thursday. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 17.73 and a beta of 1.37. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $277.85 and a 200 day moving average price of $267.06. Eagle Materials has a twelve month low of $197.58 and a twelve month high of $321.93.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Monday, December 16th. Eagle Materials’s payout ratio is 7.06%.

Wall Street Analysts Forecast Growth

EXP has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Monday, November 25th. Truist Financial boosted their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their target price for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and lowered their price target for the company from $330.00 to $310.00 in a report on Monday, December 16th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $301.44.

Insider Buying and Selling

In other news, Director Richard Ross Stewart sold 3,577 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total value of $1,074,173.10. Following the sale, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is owned by company insiders.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.