Eagle Materials Inc (NYSE:EXP) – Northcoast Research decreased their Q4 2018 earnings per share (EPS) estimates for shares of Eagle Materials in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. Northcoast Research analyst K. Hocevar now anticipates that the construction company will earn $0.97 per share for the quarter, down from their prior forecast of $1.13.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.22). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The company had revenue of $376.30 million for the quarter, compared to the consensus estimate of $412.84 million. During the same period last year, the business earned $1.25 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This news story was first published by Week Herald and is the property of of Week Herald. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://weekherald.com/2017/11/14/northcoast-research-research-analysts-decrease-earnings-estimates-for-eagle-materials-inc-exp.html.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $115.00 to $110.00 in a research report on Monday, July 31st. Finally, BidaskClub lowered Eagle Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Eagle Materials currently has a consensus rating of “Hold” and a consensus price target of $110.00.
Eagle Materials (NYSE:EXP) traded up $0.81 during mid-day trading on Monday, hitting $104.40. The stock had a trading volume of 378,400 shares, compared to its average volume of 577,809. The company has a current ratio of 2.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The stock has a market cap of $5,037.07, a P/E ratio of 22.87, a P/E/G ratio of 2.56 and a beta of 1.28. Eagle Materials has a 52-week low of $86.51 and a 52-week high of $110.98.
A number of hedge funds have recently modified their holdings of the business. FMR LLC lifted its position in shares of Eagle Materials by 9.1% during the 2nd quarter. FMR LLC now owns 4,407,131 shares of the construction company’s stock worth $407,307,000 after purchasing an additional 367,661 shares during the last quarter. BlackRock Inc. raised its stake in Eagle Materials by 3.8% during the 2nd quarter. BlackRock Inc. now owns 4,101,930 shares of the construction company’s stock worth $379,100,000 after acquiring an additional 150,577 shares in the last quarter. Vanguard Group Inc. raised its stake in Eagle Materials by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,784,382 shares of the construction company’s stock worth $349,753,000 after acquiring an additional 41,784 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Eagle Materials by 19.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,822,368 shares of the construction company’s stock worth $303,320,000 after acquiring an additional 464,534 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Eagle Materials by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 1,376,500 shares of the construction company’s stock worth $127,216,000 after acquiring an additional 63,035 shares in the last quarter. 87.42% of the stock is owned by institutional investors.
In other news, insider Gerald J. Essl sold 5,496 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $96.57, for a total transaction of $530,748.72. Following the completion of the sale, the insider now owns 45,355 shares in the company, valued at approximately $4,379,932.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William R. Devlin sold 16,469 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $96.51, for a total transaction of $1,589,423.19. Following the transaction, the senior vice president now directly owns 51,973 shares of the company’s stock, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,999 shares of company stock worth $8,060,190. 4.10% of the stock is owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s payout ratio is 9.17%.
About Eagle Materials
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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