Zacks: Analysts Expect Eagle Materials Inc (EXP) Will Announce Earnings of $1.56 Per Share
Analysts predict that Eagle Materials Inc (NYSE:EXP) will announce earnings per share of $1.56 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Eagle Materials’ earnings, with the highest EPS estimate coming in at $1.58 and the lowest estimate coming in at $1.53. Eagle Materials reported earnings per share of $1.25 in the same quarter last year, which suggests a positive year over year growth rate of 24.8%. The company is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, October 25th.
According to Zacks, analysts expect that Eagle Materials will report full year earnings of $5.33 per share for the current financial year, with EPS estimates ranging from $5.25 to $5.43. For the next fiscal year, analysts forecast that the business will report earnings of $6.44 per share, with EPS estimates ranging from $6.05 to $6.82. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Eagle Materials.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. The business had revenue of $366.10 million for the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share.
A number of equities research analysts have recently issued reports on EXP shares. Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and dropped their target price for the company from $115.00 to $110.00 in a report on Monday, July 31st. BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $110.00.
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In other Eagle Materials news, CEO David B. Powers sold 11,317 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $93.57, for a total value of $1,058,931.69. Following the transaction, the chief executive officer now directly owns 106,580 shares of the company’s stock, valued at approximately $9,972,690.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert S. Stewart sold 6,534 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $101.27, for a total transaction of $661,698.18. Following the completion of the transaction, the executive vice president now directly owns 66,037 shares in the company, valued at $6,687,566.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,774 shares of company stock worth $6,798,741. Insiders own 4.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its holdings in Eagle Materials by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 180,992 shares of the construction company’s stock valued at $16,727,000 after acquiring an additional 14,020 shares during the period. Quantbot Technologies LP raised its holdings in Eagle Materials by 20.1% in the 2nd quarter. Quantbot Technologies LP now owns 18,530 shares of the construction company’s stock valued at $1,712,000 after acquiring an additional 3,103 shares during the period. Janney Montgomery Scott LLC raised its holdings in Eagle Materials by 10.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock valued at $1,067,000 after acquiring an additional 1,052 shares during the period. Prudential Financial Inc. raised its holdings in Eagle Materials by 39.7% in the 2nd quarter. Prudential Financial Inc. now owns 419,711 shares of the construction company’s stock valued at $38,789,000 after acquiring an additional 119,184 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Eagle Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 3,742,598 shares of the construction company’s stock valued at $363,557,000 after acquiring an additional 179,308 shares during the period. 91.02% of the stock is currently owned by hedge funds and other institutional investors.
Eagle Materials (NYSE:EXP) traded up 0.63% during trading on Friday, hitting $110.00. The stock had a trading volume of 368,359 shares. Eagle Materials has a 12-month low of $73.83 and a 12-month high of $110.85. The stock has a 50 day moving average price of $105.25 and a 200 day moving average price of $97.04. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 25.58 and a beta of 1.17.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a yield of 0.36%. Eagle Materials’s dividend payout ratio is currently 9.30%.
Eagle Materials Company Profile
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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