Eagle Materials (EXP) Scheduled to Post Quarterly Earnings on Thursday

Eagle Materials (NYSE:EXPGet Rating) is set to issue its quarterly earnings data before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $3.19 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Eagle Materials (NYSE:EXPGet Rating) last released its earnings results on Wednesday, October 26th. The construction company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.14. Eagle Materials had a return on equity of 36.53% and a net margin of 20.60%. The firm had revenue of $605.07 million for the quarter, compared to the consensus estimate of $603.60 million. On average, analysts expect Eagle Materials to post $12 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Eagle Materials Price Performance

NYSE EXP opened at $143.19 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.48 and a quick ratio of 1.46. The stock’s fifty day moving average price is $136.19 and its 200 day moving average price is $125.59. Eagle Materials has a 1 year low of $101.98 and a 1 year high of $150.28. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 13.14 and a beta of 1.28.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Friday, December 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Thursday, December 15th. Eagle Materials’s payout ratio is 9.17%.

Analyst Ratings Changes

EXP has been the topic of several recent research reports. Loop Capital upped their price target on shares of Eagle Materials from $135.00 to $145.00 in a report on Wednesday, January 11th. Stephens upped their price target on shares of Eagle Materials from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 27th. StockNews.com raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Tuesday, December 20th. Citigroup upped their price target on shares of Eagle Materials from $138.00 to $168.00 in a report on Tuesday, January 10th. Finally, The Goldman Sachs Group lowered their price target on shares of Eagle Materials from $146.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Eagle Materials has an average rating of “Moderate Buy” and a consensus target price of $147.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp purchased a new position in Eagle Materials in the 3rd quarter valued at about $788,000. Jane Street Group LLC lifted its stake in Eagle Materials by 100.0% in the 3rd quarter. Jane Street Group LLC now owns 21,225 shares of the construction company’s stock valued at $2,275,000 after buying an additional 10,612 shares in the last quarter. BNP Paribas Arbitrage SNC raised its holdings in Eagle Materials by 26.9% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 33,582 shares of the construction company’s stock valued at $3,599,000 after acquiring an additional 7,120 shares during the last quarter. Algert Global LLC acquired a new stake in Eagle Materials in the 3rd quarter valued at about $378,000. Finally, Two Sigma Investments LP raised its holdings in Eagle Materials by 121.1% in the 3rd quarter. Two Sigma Investments LP now owns 45,626 shares of the construction company’s stock valued at $4,890,000 after acquiring an additional 24,986 shares during the last quarter. 93.67% of the stock is owned by hedge funds and other institutional investors.

About Eagle Materials

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Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.

See Also

Earnings History for Eagle Materials (NYSE:EXP)

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