Eagle Materials Inc (NYSE:EXP) to Issue Quarterly Dividend of $0.25

Eagle Materials Inc (NYSE:EXP) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, September 14th will be paid a dividend of 0.25 per share by the construction company on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 14th.

Eagle Materials has raised its dividend payment by an average of 0.6%annually over the last three years. Eagle Materials has a dividend payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eagle Materials to earn $14.34 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 7.0%.

Eagle Materials Trading Up 4.7%

Shares of EXP opened at $214.57 on Tuesday. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 16.96 and a beta of 1.37. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 1.91. Eagle Materials has a 1-year low of $171.99 and a 1-year high of $245.53. The company has a 50-day moving average of $215.47 and a 200 day moving average of $210.41.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 EPS for the quarter, missing the consensus estimate of $3.37 by ($0.08). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The firm had revenue of $650.97 million for the quarter, compared to analysts’ expectations of $620.35 million. During the same quarter in the previous year, the business earned $3.76 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts expect that Eagle Materials will post 12.66 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on EXP shares. Citigroup increased their target price on Eagle Materials from $217.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. Royal Bank Of Canada upped their price target on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, May 20th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price objective on shares of Eagle Materials in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $223.44.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.