Zacks: Analysts Expect Eagle Materials Inc. (NYSE:EXP) to Announce $1.74 Earnings Per Share

Analysts expect Eagle Materials Inc. (NYSE:EXPGet Rating) to post $1.74 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Eagle Materials’ earnings, with the highest EPS estimate coming in at $1.94 and the lowest estimate coming in at $1.60. Eagle Materials posted earnings per share of $1.56 during the same quarter last year, which indicates a positive year-over-year growth rate of 11.5%. The business is scheduled to announce its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Eagle Materials will report full-year earnings of $9.31 per share for the current financial year, with EPS estimates ranging from $9.14 to $9.46. For the next financial year, analysts forecast that the company will post earnings of $10.88 per share, with EPS estimates ranging from $9.13 to $11.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Eagle Materials.

A number of research firms recently commented on EXP. StockNews.com began coverage on shares of Eagle Materials in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Loop Capital lowered their price objective on shares of Eagle Materials from $170.00 to $155.00 in a research report on Friday, January 28th. The Goldman Sachs Group raised their price objective on shares of Eagle Materials from $181.00 to $190.00 in a research report on Thursday, January 27th. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Citigroup lowered their price objective on shares of Eagle Materials from $194.00 to $175.00 in a research report on Friday, January 28th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Buy” and an average target price of $170.27.

Several hedge funds and other institutional investors have recently made changes to their positions in EXP. FourThought Financial LLC lifted its stake in shares of Eagle Materials by 6.3% during the 3rd quarter. FourThought Financial LLC now owns 1,140 shares of the construction company’s stock worth $149,000 after purchasing an additional 68 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in shares of Eagle Materials by 2.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,585 shares of the construction company’s stock worth $470,000 after purchasing an additional 71 shares during the period. Greenwood Capital Associates LLC lifted its stake in shares of Eagle Materials by 0.9% during the 4th quarter. Greenwood Capital Associates LLC now owns 8,858 shares of the construction company’s stock worth $1,475,000 after purchasing an additional 77 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Eagle Materials by 0.4% during the 4th quarter. Russell Investments Group Ltd. now owns 19,859 shares of the construction company’s stock worth $3,303,000 after purchasing an additional 78 shares during the period. Finally, Meritage Portfolio Management lifted its stake in shares of Eagle Materials by 5.2% during the 4th quarter. Meritage Portfolio Management now owns 1,717 shares of the construction company’s stock worth $286,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Shares of NYSE EXP traded up $2.93 during mid-day trading on Friday, reaching $123.09. The company had a trading volume of 278,865 shares, compared to its average volume of 331,991. The company has a current ratio of 2.14, a quick ratio of 1.05 and a debt-to-equity ratio of 0.69. The firm has a 50 day simple moving average of $127.04 and a two-hundred day simple moving average of $144.04. The stock has a market cap of $4.86 billion, a P/E ratio of 13.99 and a beta of 1.24. Eagle Materials has a 52-week low of $114.55 and a 52-week high of $169.15.

About Eagle Materials (Get Rating)

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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