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

Eagle Materials Inc (NYSE:EXP) declared a quarterly dividend on Friday, May 15th. Investors of record on Monday, June 15th will be given a dividend of 0.25 per share by the construction company on Monday, July 20th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, June 15th.

Eagle Materials has raised its dividend by an average of 0.6%per year over the last three years. Eagle Materials has a payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eagle Materials to earn $14.30 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 Price Performance

EXP opened at $214.86 on Friday. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $6.65 billion, a P/E ratio of 16.38 and a beta of 1.37. The stock has a 50-day moving average price of $205.45 and a 200-day moving average price of $211.51. Eagle Materials has a 12-month low of $171.99 and a 12-month high of $243.64.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The company had revenue of $479.11 million for the quarter, compared to analysts’ expectations of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.Eagle Materials’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $2.00 EPS. Equities analysts predict that Eagle Materials will post 13.02 earnings per share 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.