Eagle Materials (EXP) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

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Eagle Materials (NYSE:EXP) posted its quarterly earnings results on Tuesday. The construction company reported $1.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.15), MarketWatch Earnings reports. The company had revenue of $381.50 million for the quarter, compared to the consensus estimate of $401.04 million. Eagle Materials had a net margin of 19.54% and a return on equity of 19.03%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 EPS.

NYSE EXP traded up $1.40 on Thursday, hitting $75.24. The stock had a trading volume of 237,822 shares, compared to its average volume of 829,903. The company has a current ratio of 2.83, a quick ratio of 1.34 and a debt-to-equity ratio of 0.44. Eagle Materials has a 52-week low of $64.95 and a 52-week high of $122.49. The firm has a market capitalization of $3.47 billion, a P/E ratio of 17.83, a P/E/G ratio of 0.80 and a beta of 1.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, October 4th. Eagle Materials’s payout ratio is 9.48%.

EXP has been the topic of several research reports. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Tuesday, July 24th. Jefferies Financial Group reissued a “buy” rating on shares of Eagle Materials in a report on Friday, July 20th. Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Macquarie initiated coverage on shares of Eagle Materials in a report on Wednesday, September 26th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Stephens reissued a “buy” rating and set a $124.00 price objective on shares of Eagle Materials in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $113.86.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Earnings History for Eagle Materials (NYSE:EXP)

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