Eagle Materials (EXP) to Release Earnings on Tuesday

Eagle Materials (NYSE:EXP) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Eagle Materials to post earnings of $4.77 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. The company had revenue of $608.69 million for the quarter, compared to analyst estimates of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.55 earnings per share. 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 Price Performance

NYSE:EXP opened at $297.15 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. The stock’s 50-day simple moving average is $270.26 and its 200 day simple moving average is $251.07. The company has a market cap of $10.06 billion, a P/E ratio of 21.82 and a beta of 1.32. Eagle Materials has a 52-week low of $145.03 and a 52-week high of $306.36.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Tuesday, September 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Insider Activity 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 stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the sale, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the sale, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eric Cribbs sold 1,851 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 approximately $3,861,385.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,851 shares of company stock worth $2,124,258. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EXP has been the topic of a number of recent analyst reports. Stephens boosted their price target on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. 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 research report on Wednesday, October 9th. 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 research 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 research report on Thursday, August 1st. Finally, Raymond James downgraded Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus target price of $297.78.

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.