Analysts predict that Eagle Materials (NYSE:EXP) will report earnings per share (EPS) of $1.04 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Eagle Materials’ earnings, with estimates ranging from $0.90 to $1.12. Eagle Materials posted earnings of $0.88 per share in the same quarter last year, which suggests a positive year over year growth rate of 18.2%. The business is expected to announce its next quarterly earnings results on Thursday, May 17th.
On average, analysts expect that Eagle Materials will report full year earnings of $5.58 per share for the current financial year, with EPS estimates ranging from $5.55 to $5.60. For the next fiscal year, analysts anticipate that the company will report earnings of $6.49 per share, with EPS estimates ranging from $6.30 to $6.63. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Eagle Materials.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.20. The firm had revenue of $359.40 million during the quarter, compared to the consensus estimate of $364.52 million. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS.
A number of equities analysts recently commented on EXP shares. Citigroup lifted their target price on shares of Eagle Materials from $121.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 30th. Stifel Nicolaus decreased their target price on shares of Eagle Materials from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Raymond James started coverage on shares of Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating on the stock. Finally, Jefferies Group started coverage on shares of Eagle Materials in a research report on Tuesday. They issued a “buy” rating and a $121.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Eagle Materials presently has a consensus rating of “Hold” and an average price target of $130.33.
Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its stake in shares of Eagle Materials by 7.6% in the 3rd quarter. Legal & General Group Plc now owns 55,135 shares of the construction company’s stock worth $5,882,000 after buying an additional 3,881 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Eagle Materials by 6.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 22,367 shares of the construction company’s stock worth $2,387,000 after buying an additional 1,347 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Eagle Materials by 141.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,092 shares of the construction company’s stock worth $757,000 after buying an additional 4,150 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Eagle Materials by 137.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock worth $426,000 after buying an additional 2,303 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Eagle Materials by 0.7% in the 3rd quarter. California Public Employees Retirement System now owns 101,928 shares of the construction company’s stock worth $10,876,000 after buying an additional 728 shares in the last quarter. 96.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eagle Materials stock traded down $1.91 on Friday, hitting $100.92. 122,376 shares of the company traded hands, compared to its average volume of 532,494. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.06 and a current ratio of 2.44. The stock has a market cap of $4,981.74, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. Eagle Materials has a 12-month low of $86.51 and a 12-month high of $122.49.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, April 11th. Eagle Materials’s payout ratio is presently 9.46%.
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Eagle Materials Company Profile
Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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