Eagle Materials Inc (EXP) To Go Ex-Dividend on December 15th

Eagle Materials Inc (NYSE:EXP) announced a quarterly dividend on Monday, November 10th. Investors of record on Monday, December 15th will be paid a dividend of 0.25 per share by the construction company on Monday, January 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, December 15th.

Eagle Materials has raised its dividend by an average of 0.2%annually over the last three years. Eagle Materials has a dividend payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Eagle Materials to earn $15.75 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 6.3%.

Eagle Materials Trading Up 0.8%

Shares of EXP stock traded up $1.73 on Friday, reaching $226.85. 350,286 shares of the stock were exchanged, compared to its average volume of 363,025. The stock has a 50 day moving average price of $221.09 and a 200 day moving average price of $220.42. The stock has a market cap of $7.27 billion, a PE ratio of 16.74 and a beta of 1.37. Eagle Materials has a one year low of $191.91 and a one year high of $277.81. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.72 and a quick ratio of 1.22.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.The firm had revenue of $638.91 million during the quarter, compared to analyst estimates of $635.55 million. During the same quarter in the previous year, the business earned $4.31 earnings per share. Eagle Materials’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Eagle Materials will post 14.39 EPS for the current fiscal year.

About Eagle Materials

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.