Eagle Materials (EXP) to Release Quarterly Earnings on Tuesday

by · The Cerbat Gem

Eagle Materials (NYSE:EXP – Get Free Report) will release 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 interested in participating in the company’s earnings conference call can do so using this link.

Eagle Materials (NYSE:EXP – Get Free Report) last issued its earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $622.06 million. During the same period last year, the business earned $3.55 earnings per share. Eagle Materials’s quarterly revenue was up 1.2% compared to the same quarter last year. 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 Trading Down 0.4 %

Shares of EXP stock opened at $288.16 on Monday. The firm has a fifty day moving average of $274.72 and a 200-day moving average of $252.09. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 21.16 and a beta of 1.32. Eagle Materials has a 52-week low of $145.03 and a 52-week high of $306.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, September 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Tuesday, September 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Insider Transactions at Eagle Materials

In related news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the transaction, the chief financial officer now owns 60,488 shares in the company, valued at $16,135,778.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the transaction, the chief financial officer now owns 60,488 shares in the company, valued at $16,135,778.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,851 shares of company stock worth $2,124,258. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on EXP

Eagle Materials Company Profile

(Get Free Report)

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.

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