Eagle Materials, Inc. (EXP) Expected to Post Earnings of $0.79 Per Share

Wall Street brokerages expect Eagle Materials, Inc. (NYSE:EXP) to announce $0.79 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for Eagle Materials’ earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.90. Eagle Materials posted earnings of $0.76 per share during the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, May 21st.

On average, analysts expect that Eagle Materials will report full year earnings of $4.97 per share for the current year, with EPS estimates ranging from $4.86 to $5.08. For the next financial year, analysts expect that the firm will report earnings of $5.47 per share, with EPS estimates ranging from $5.21 to $5.73. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Eagle Materials.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.06). Eagle Materials had a net margin of 16.77% and a return on equity of 17.49%. The business had revenue of $333.30 million during the quarter, compared to the consensus estimate of $357.08 million. During the same quarter in the previous year, the business posted $2.08 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis.

EXP has been the topic of a number of recent analyst reports. Raymond James upgraded Eagle Materials from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research report on Friday. Citigroup raised their price target on shares of Eagle Materials from $84.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, April 1st. ValuEngine raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. DA Davidson cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and set a $83.50 price objective for the company. in a research report on Tuesday, April 2nd. Finally, Macquarie set a $100.00 target price on shares of Eagle Materials and gave the stock a “buy” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $103.14.

In related news, Director Ed H. Bowman, Jr. sold 2,591 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $71.35, for a total value of $184,867.85. Following the completion of the sale, the director now directly owns 12,977 shares of the company’s stock, valued at approximately $925,908.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Large investors have recently made changes to their positions in the business. AMI Investment Management Inc. raised its holdings in Eagle Materials by 0.8% in the 4th quarter. AMI Investment Management Inc. now owns 24,760 shares of the construction company’s stock worth $1,511,000 after purchasing an additional 190 shares during the period. Cerebellum GP LLC grew its holdings in shares of Eagle Materials by 10.4% in the fourth quarter. Cerebellum GP LLC now owns 2,373 shares of the construction company’s stock worth $145,000 after purchasing an additional 223 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Eagle Materials by 11.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,268 shares of the construction company’s stock worth $199,000 after purchasing an additional 329 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Eagle Materials by 8.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,533 shares of the construction company’s stock worth $337,000 after buying an additional 437 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in Eagle Materials in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 95.68% of the company’s stock.

Shares of EXP stock traded up $0.01 on Monday, hitting $85.80. 15,521 shares of the company’s stock were exchanged, compared to its average volume of 990,684. The company has a market cap of $3.94 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.85 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 2.26 and a debt-to-equity ratio of 0.42. Eagle Materials has a 12 month low of $57.00 and a 12 month high of $115.75.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.48%.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Earnings History and Estimates for Eagle Materials (NYSE:EXP)

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