Eagle Materials (NYSE:EXP) Releases Earnings Results, Misses Expectations By $0.44 EPS

Eagle Materials (NYSE:EXP) issued its earnings results on Tuesday. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44), Briefing.com reports. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The firm had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter in the previous year, the firm posted $4.28 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year.

Eagle Materials Stock Up 2.1 %

Shares of Eagle Materials stock traded up $6.00 on Wednesday, hitting $288.92. 124,532 shares of the company’s stock traded hands, compared to its average volume of 307,388. The stock has a market cap of $9.78 billion, a P/E ratio of 21.32 and a beta of 1.32. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. The firm’s 50-day moving average is $276.18 and its 200 day moving average is $252.51. Eagle Materials has a 52-week low of $152.59 and a 52-week high of $306.36.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Tuesday, September 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.34%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EXP. Stephens boosted their target price on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Jefferies Financial Group boosted their target price on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.67.

Insider Activity

In other news, Director George John Damiris sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.