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

Eagle Materials (NYSE:EXPGet Free Report) is projected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Eagle Materials to post earnings of $3.97 per share and revenue of $581,720.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Eagle Materials (NYSE:EXPGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same quarter last year, the company earned $4.28 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts expect Eagle Materials to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Eagle Materials Trading Up 0.9 %

Shares of NYSE:EXP opened at $256.82 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The company’s 50-day moving average price is $273.24 and its two-hundred day moving average price is $268.15. The stock has a market capitalization of $8.61 billion, a PE ratio of 18.14 and a beta of 1.37. Eagle Materials has a one year low of $198.89 and a one year high of $321.93.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s payout ratio is 7.06%.

Insiders Place Their Bets

In related news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock worth $5,205,311 over the last quarter. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EXP shares. Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and cut their price target for the company from $330.00 to $310.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. The Goldman Sachs Group increased their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and cut their target price for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $301.44.

Read Our Latest Research Report on Eagle Materials

About Eagle Materials

(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.

See Also

Earnings History for Eagle Materials (NYSE:EXP)

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