Zacks: Brokerages Anticipate Eagle Materials Inc (EXP) Will Post Earnings of $1.43 Per Share

Brokerages expect that Eagle Materials Inc (NYSE:EXP) will report earnings per share of $1.43 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Eagle Materials’ earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at $1.40. Eagle Materials reported earnings per share of $1.17 during the same quarter last year, which suggests a positive year-over-year growth rate of 22.2%. The company is expected to announce its next quarterly 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 fiscal year, with EPS estimates ranging from $4.80 to $5.10. For the next fiscal year, analysts anticipate that the business will post earnings of $6.28 per share, with EPS estimates ranging from $6.00 to $6.61. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Eagle Materials.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 EPS 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 firm had revenue of $376.30 million during the quarter, compared to analysts’ expectations of $412.84 million. During the same period in the prior year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis.

A number of analysts recently weighed in on EXP shares. Stifel Nicolaus increased their price target on shares of Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 24th. Finally, Standpoint Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $122.50.

Shares of Eagle Materials (NYSE EXP) traded down $0.97 during trading on Friday, hitting $115.89. 461,300 shares of the stock traded hands, compared to its average volume of 481,200. The firm has a market cap of $5,650.00, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.94 and a beta of 1.29. 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 fifty-two week low of $86.51 and a fifty-two week high of $122.49.

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

In other Eagle Materials news, 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 transaction of $768,581.00. Following the transaction, the senior vice president now directly owns 28,321 shares of the company’s stock, valued at $3,030,347. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $111.64, for a total transaction of $558,200.00. Following the transaction, the chief financial officer now directly owns 56,778 shares in the company, valued at $6,338,695.92. The disclosure for this sale can be found here. Insiders have sold a total of 85,165 shares of company stock worth $9,438,175 over the last ninety days. 4.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in Eagle Materials during the fourth quarter valued at approximately $385,000. Oakbrook Investments LLC raised its stake in shares of Eagle Materials by 15.7% during the fourth quarter. Oakbrook Investments LLC now owns 4,860 shares of the construction company’s stock valued at $551,000 after purchasing an additional 660 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Eagle Materials by 6.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 262,698 shares of the construction company’s stock valued at $29,764,000 after purchasing an additional 15,637 shares during the period. Bank of Montreal Can raised its stake in shares of Eagle Materials by 57.8% during the fourth quarter. Bank of Montreal Can now owns 9,988 shares of the construction company’s stock valued at $1,132,000 after purchasing an additional 3,658 shares during the period. Finally, Aurora Investment Counsel purchased a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $2,063,000. 91.56% of the stock is currently owned by hedge funds and other institutional investors.

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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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