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

Eagle Materials Inc (NYSE:EXP) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.25 per share by the construction company on Monday, April 13th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th.

Eagle Materials has increased its dividend payment by an average of 0.2%per year over the last three years. Eagle Materials has a dividend payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 0.7%

Eagle Materials stock traded down $1.63 during mid-day trading on Wednesday, reaching $228.63. The stock had a trading volume of 225,287 shares, compared to its average volume of 523,816. The firm has a market capitalization of $7.19 billion, a PE ratio of 17.30 and a beta of 1.38. Eagle Materials has a fifty-two week low of $191.91 and a fifty-two week high of $258.86. The stock’s 50-day simple moving average is $221.00 and its 200-day simple moving average is $224.34. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The firm had revenue of $555.96 million for the quarter, compared to analyst estimates of $556.41 million. During the same period in the previous year, the company earned $3.59 earnings per share. Eagle Materials’s revenue for the quarter was down .4% compared to the same quarter last year. On average, sell-side analysts forecast that Eagle Materials will post 14.39 EPS for the current fiscal year.

About Eagle Materials

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.