Eagle Materials to Post Q4 2018 Earnings of $0.90 Per Share, Jefferies Group Forecasts (NYSE:EXP)

Eagle Materials (NYSE:EXP) – Research analysts at Jefferies Group issued their Q4 2018 earnings per share estimates for Eagle Materials in a report issued on Tuesday, April 17th, according to Zacks Investment Research. Jefferies Group analyst P. Ng expects that the construction company will earn $0.90 per share for the quarter. Jefferies Group has a “Buy” rating and a $121.00 price target on the stock. Jefferies Group also issued estimates for Eagle Materials’ Q1 2019 earnings at $1.52 EPS, Q2 2019 earnings at $1.90 EPS, Q3 2019 earnings at $1.72 EPS and Q4 2019 earnings at $1.16 EPS.

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

Several other equities analysts have also recently weighed in on EXP. Zacks Investment Research cut Eagle Materials from a “hold” rating to a “sell” rating in a report on Tuesday, April 10th. Citigroup started coverage on Eagle Materials in a report on Tuesday, March 13th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. Stifel Nicolaus reduced their price target on Eagle Materials from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Longbow Research upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a report on Friday, March 23rd. Finally, Raymond James initiated coverage on Eagle Materials in a report on Tuesday, March 13th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Eagle Materials has a consensus rating of “Hold” and an average target price of $130.33.

Shares of NYSE EXP opened at $100.45 on Thursday. The stock has a market capitalization of $4,858.12, a PE ratio of 23.75, a P/E/G ratio of 1.92 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.06. Eagle Materials has a fifty-two week low of $86.51 and a fifty-two week high of $122.49.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Cigna Investments Inc. New acquired a new position in Eagle Materials during the fourth quarter valued at approximately $205,000. MML Investors Services LLC acquired a new position in shares of Eagle Materials during the fourth quarter worth $215,000. Sciencast Management LP acquired a new position in shares of Eagle Materials during the fourth quarter worth $224,000. Landscape Capital Management L.L.C. acquired a new position in shares of Eagle Materials during the fourth quarter worth $232,000. Finally, Ingalls & Snyder LLC acquired a new position in shares of Eagle Materials during the fourth quarter worth $234,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

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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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