Eagle Materials (EXP) Expected to Announce Earnings on Thursday

Eagle Materials (NYSE:EXP) is projected to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Eagle Materials to post earnings of $3.97 per share and revenue of $581,720.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.28 earnings per share. On average, analysts expect Eagle Materials to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Eagle Materials Trading Up 0.5 %

Shares of EXP opened at $258.18 on Wednesday. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 18.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. Eagle Materials has a fifty-two week low of $203.98 and a fifty-two week high of $321.93. The firm has a 50 day moving average price of $272.19 and a 200-day moving average price of $268.46.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Eagle Materials’s payout ratio is 7.06%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Monday, November 25th. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their price target for the company from $330.00 to $310.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group upped their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $301.44.

Insider Buying and Selling at Eagle Materials

In related news, Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the sale, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,866 shares of company stock valued at $5,205,311. 1.60% of the stock is currently owned by company insiders.

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.