Eagle Materials Inc (NYSE:EXP) Set to Announce Quarterly Earnings on Monday
Eagle Materials Inc (NYSE:EXP) will be issuing its quarterly earnings data before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $1.16 per share for the quarter.
Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, May 18th. The construction company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.03. Eagle Materials had a net margin of 16.36% and a return on equity of 18.07%. The firm had revenue of $278.60 million during the quarter, compared to the consensus estimate of $271.18 million. During the same period in the prior year, the firm earned $0.80 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. On average, analysts expect Eagle Materials to post $5.40 EPS for the current fiscal year and $6.48 EPS for the next fiscal year.
Eagle Materials Inc (NYSE:EXP) opened at 92.32 on Friday. The stock’s 50 day moving average is $93.65 and its 200-day moving average is $98.38. Eagle Materials Inc has a 52-week low of $73.27 and a 52-week high of $110.64. The company has a market capitalization of $4.48 billion, a P/E ratio of 22.52 and a beta of 1.23.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Wednesday, June 21st were given a dividend of $0.10 per share. The ex-dividend date was Monday, June 19th. This represents a $0.40 annualized dividend and a yield of 0.43%. Eagle Materials’s dividend payout ratio (DPR) is 9.76%.
In other Eagle Materials news, CEO David B. Powers sold 11,000 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $99.03, for a total transaction of $1,089,330.00. Following the completion of the sale, the chief executive officer now directly owns 73,400 shares of the company’s stock, valued at $7,268,802. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James H. Graass sold 10,000 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $101.00, for a total transaction of $1,010,000.00. Following the sale, the executive vice president now directly owns 69,653 shares of the company’s stock, valued at $7,034,953. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.
A number of research firms have weighed in on EXP. Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Stephens raised shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $102.00.
Eagle Materials Company Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
Receive News & Stock Ratings for Eagle Materials Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials Inc and related stocks with our FREE daily email newsletter.