Wall Street brokerages expect that Eagle Materials Inc (NYSE:EXP) will report $368.84 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Eagle Materials’ earnings. The lowest sales estimate is $366.90 million and the highest is $370.78 million. Eagle Materials posted sales of $297.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24%. The business is expected to announce its next earnings report before the market opens on Thursday, July 27th.

On average, analysts expect that Eagle Materials will report full year sales of $368.84 million for the current year, with estimates ranging from $1.45 billion to $1.48 billion. For the next financial year, analysts expect that the business will report sales of $1.61 billion per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Eagle Materials.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, May 18th. The construction company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.03. The company had revenue of $278.60 million during the quarter, compared to analysts’ expectations of $271.18 million. Eagle Materials had a return on equity of 18.07% and a net margin of 16.36%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share.

EXP has been the subject of several recent research reports. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Thursday, June 1st. Stephens raised shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $102.00.

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Shares of Eagle Materials (EXP) traded down 1.17% during trading on Thursday, hitting $92.32. The stock had a trading volume of 478,714 shares. The firm has a market capitalization of $4.48 billion, a P/E ratio of 22.52 and a beta of 1.23. Eagle Materials has a 1-year low of $73.27 and a 1-year high of $110.64. The stock’s 50-day moving average price is $93.65 and its 200 day moving average price is $98.38.

The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Wednesday, June 21st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, June 19th. Eagle Materials’s dividend payout ratio is presently 9.76%.

In other news, EVP James H. Graass sold 10,000 shares of Eagle Materials stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $101.00, for a total transaction of $1,010,000.00. Following the completion of the sale, the executive vice president now owns 69,653 shares of the company’s stock, valued at $7,034,953. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David B. Powers sold 11,000 shares of Eagle Materials stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $99.03, for a total transaction of $1,089,330.00. Following the sale, the chief executive officer now directly owns 73,400 shares of the company’s stock, valued at approximately $7,268,802. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of EXP. Boston Advisors LLC increased its position in shares of Eagle Materials by 37.8% in the first quarter. Boston Advisors LLC now owns 167,455 shares of the construction company’s stock worth $16,267,000 after buying an additional 45,950 shares during the period. Acadian Asset Management LLC increased its position in shares of Eagle Materials by 16.3% in the first quarter. Acadian Asset Management LLC now owns 4,537 shares of the construction company’s stock worth $441,000 after buying an additional 636 shares during the period. Vanguard Group Inc. increased its position in shares of Eagle Materials by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,742,598 shares of the construction company’s stock worth $363,557,000 after buying an additional 179,308 shares during the period. 1st Global Advisors Inc. increased its position in shares of Eagle Materials by 2.1% in the first quarter. 1st Global Advisors Inc. now owns 3,607 shares of the construction company’s stock worth $350,000 after buying an additional 73 shares during the period. Finally, KCG Holdings Inc. acquired a new position in shares of Eagle Materials during the first quarter worth approximately $2,040,000. 93.22% of the stock is owned by institutional investors.

About Eagle Materials

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

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

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