Eagle Materials (EXP) to Release Earnings on Tuesday

Eagle Materials (NYSE:EXP) will be releasing its earnings data before the market opens on Tuesday, October 29th. Analysts expect Eagle Materials to post earnings of $4.77 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The firm had revenue of $608.69 million for the quarter, compared to analysts’ expectations of $622.06 million. During the same period in the previous year, the firm earned $3.55 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts expect Eagle Materials to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Eagle Materials Stock Down 0.4 %

EXP stock opened at $288.16 on Friday. Eagle Materials has a twelve month low of $145.03 and a twelve month high of $306.36. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. The stock has a market cap of $9.76 billion, a P/E ratio of 21.16 and a beta of 1.32. The business’s 50-day moving average price is $274.72 and its 200-day moving average price is $252.09.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.35%. Eagle Materials’s payout ratio is currently 7.34%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Raymond James cut Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price target on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Citigroup boosted their price target on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Stephens boosted their price target on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Jefferies Financial Group boosted their price target on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $297.78.

Insider Activity

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Cribbs sold 1,851 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total value of $512,838.06. Following the completion of the sale, the insider now owns 13,937 shares of the company’s stock, valued at $3,861,385.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,851 shares of company stock valued at $2,124,258. 1.60% of the stock is currently owned by 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.