Equities analysts expect Eagle Materials Inc (NYSE:EXP) to post earnings of $1.43 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Eagle Materials’ earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.45. Eagle Materials reported earnings of $1.17 per share during the same quarter last year, which suggests a positive year over year growth rate of 22.2%. The business is scheduled to report its next earnings results before the market opens on Wednesday, January 31st.

On average, analysts expect that Eagle Materials will report full year earnings of $4.97 per share for the current financial year, with EPS estimates ranging from $4.80 to $5.10. For the next fiscal year, analysts forecast that the company will report earnings of $6.28 per share, with EPS estimates ranging from $6.00 to $6.61. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Eagle Materials.

Eagle Materials (NYSE:EXP) last issued its earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The company had revenue of $376.30 million for the quarter, compared to the consensus estimate of $412.84 million. During the same quarter last year, the business posted $1.25 EPS. Eagle Materials’s quarterly revenue was up 13.1% on a year-over-year basis.

A number of equities research analysts have recently commented on EXP shares. Stifel Nicolaus raised their price target on Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Finally, Standpoint Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $122.50.

In related news, COO Michael Haack sold 6,731 shares of Eagle Materials stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $115.00, for a total value of $774,065.00. Following the sale, the chief operating officer now owns 28,136 shares of the company’s stock, valued at approximately $3,235,640. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William R. Devlin sold 7,183 shares of Eagle Materials stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $107.00, for a total value of $768,581.00. Following the completion of the sale, the senior vice president now directly owns 28,321 shares in the company, valued at approximately $3,030,347. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,165 shares of company stock worth $9,438,175. 4.10% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Skylands Capital LLC raised its position in Eagle Materials by 58.6% in the 3rd quarter. Skylands Capital LLC now owns 87,600 shares of the construction company’s stock valued at $9,347,000 after buying an additional 32,375 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Eagle Materials by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,837 shares of the construction company’s stock valued at $40,925,000 after buying an additional 9,922 shares during the last quarter. Quantbot Technologies LP raised its position in Eagle Materials by 20.1% in the 2nd quarter. Quantbot Technologies LP now owns 18,530 shares of the construction company’s stock valued at $1,712,000 after buying an additional 3,103 shares during the last quarter. Prudential Financial Inc. raised its position in Eagle Materials by 9.6% in the 3rd quarter. Prudential Financial Inc. now owns 459,861 shares of the construction company’s stock valued at $49,066,000 after buying an additional 40,150 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Eagle Materials by 137.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock valued at $426,000 after buying an additional 2,303 shares during the last quarter. 91.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Eagle Materials (NYSE EXP) traded down $0.97 on Friday, reaching $115.89. The company’s stock had a trading volume of 461,300 shares, compared to its average volume of 481,200. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02. Eagle Materials has a 12-month low of $86.51 and a 12-month high of $122.49. The company has a market capitalization of $5,650.00, a PE ratio of 26.64, a P/E/G ratio of 2.94 and a beta of 1.29.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Thursday, December 21st. Eagle Materials’s dividend payout ratio is currently 9.20%.

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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.

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Earnings History and Estimates for Eagle Materials (NYSE:EXP)

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