Eagle Materials, Inc. (NYSE:EXP) – Stock analysts at DA Davidson lifted their Q4 2020 earnings per share estimates for shares of Eagle Materials in a research note issued on Monday, May 20th. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $0.97 per share for the quarter, up from their previous estimate of $0.95. DA Davidson has a “Neutral” rating and a $83.50 price objective on the stock.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, May 16th. The construction company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. The business had revenue of $284.70 million for the quarter, compared to analyst estimates of $278.70 million. Eagle Materials had a net margin of 4.94% and a return on equity of 17.82%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS.

Several other research analysts have also commented on EXP. Northcoast Research lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating in a report on Friday, January 25th. Zacks Investment Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 5th. ValuEngine raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Jefferies Financial Group raised shares of Eagle Materials from an “underweight” rating to a “market weight” rating in a research report on Monday, March 11th. Finally, Longbow Research downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating in a research report on Thursday, March 14th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $104.95.

Shares of EXP stock opened at $89.47 on Thursday. The stock has a market cap of $4.19 billion, a PE ratio of 17.72, a P/E/G ratio of 1.63 and a beta of 1.36. Eagle Materials has a 1-year low of $57.00 and a 1-year high of $115.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 2.38.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Thursday, June 20th. Eagle Materials’s dividend payout ratio (DPR) is 7.92%.

A number of large investors have recently modified their holdings of EXP. Penserra Capital Management LLC acquired a new stake in shares of Eagle Materials during the first quarter worth approximately $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Eagle Materials during the fourth quarter worth approximately $35,000. Cresset Asset Management LLC acquired a new stake in shares of Eagle Materials during the first quarter worth approximately $48,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Eagle Materials during the fourth quarter worth approximately $95,000. Finally, Quadrant Capital Group LLC grew its position in shares of Eagle Materials by 294.6% during the first quarter. Quadrant Capital Group LLC now owns 1,180 shares of the construction company’s stock worth $97,000 after buying an additional 881 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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

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