Brokerages Expect Eagle Materials (EXP) Will Announce Earnings of $1.08 Per Share

Brokerages predict that Eagle Materials (NYSE:EXP) will post $1.08 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Eagle Materials’ earnings. The lowest EPS estimate is $1.03 and the highest is $1.12. Eagle Materials posted earnings of $0.88 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, May 17th.

According to Zacks, analysts expect that Eagle Materials will report full-year earnings of $5.58 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $5.60. For the next fiscal year, analysts forecast that the company will post earnings of $6.53 per share, with EPS estimates ranging from $6.48 to $6.63. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Eagle Materials.

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Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. The company had revenue of $359.40 million during the quarter, compared to analyst estimates of $364.52 million. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. Eagle Materials’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS.

EXP has been the subject of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Eagle Materials from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Citigroup lifted their price objective on shares of Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Longbow Research upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating in a research note on Friday, March 23rd. Zacks Investment Research upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Raymond James Financial initiated coverage on shares of Eagle Materials in a research note on Tuesday, March 13th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $135.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXP. Legal & General Group Plc grew its position in Eagle Materials by 7.6% in the 3rd quarter. Legal & General Group Plc now owns 55,135 shares of the construction company’s stock valued at $5,882,000 after purchasing an additional 3,881 shares during the period. Envestnet Asset Management Inc. grew its position in Eagle Materials by 6.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 22,367 shares of the construction company’s stock valued at $2,387,000 after purchasing an additional 1,347 shares during the period. Cubist Systematic Strategies LLC grew its position in Eagle Materials by 141.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,092 shares of the construction company’s stock valued at $757,000 after purchasing an additional 4,150 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in Eagle Materials by 137.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock valued at $426,000 after purchasing an additional 2,303 shares during the period. Finally, California Public Employees Retirement System grew its position in Eagle Materials by 0.7% in the 3rd quarter. California Public Employees Retirement System now owns 101,928 shares of the construction company’s stock valued at $10,876,000 after purchasing an additional 728 shares during the period. 96.04% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:EXP traded down $1.22 during mid-day trading on Friday, hitting $98.99. The company had a trading volume of 458,553 shares, compared to its average volume of 551,773. The firm has a market capitalization of $4,877.10, a P/E ratio of 23.40, a P/E/G ratio of 1.92 and a beta of 1.19. The company has a quick ratio of 1.06, a current ratio of 2.44 and a debt-to-equity ratio of 0.40. Eagle Materials has a one year low of $86.51 and a one year high of $122.49.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s payout ratio is currently 9.46%.

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About Eagle Materials

Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company 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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