Eagle Materials, Inc. (EXP) Plans Quarterly Dividend of $0.10

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Eagle Materials, Inc. (NYSE:EXP) declared a quarterly dividend on Wednesday, November 7th, RTT News reports. Investors of record on Friday, December 21st will be given a dividend of 0.10 per share by the construction company on Friday, January 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, December 20th.

Eagle Materials has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Eagle Materials to earn $6.16 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.5%.

Shares of EXP opened at $61.40 on Wednesday. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.10 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 2.83. Eagle Materials has a fifty-two week low of $60.36 and a fifty-two week high of $122.49.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, October 30th. The construction company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.15). The company had revenue of $381.50 million for the quarter, compared to analyst estimates of $401.04 million. Eagle Materials had a return on equity of 19.03% and a net margin of 19.54%. Eagle Materials’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. On average, analysts expect that Eagle Materials will post 5.48 EPS for the current year.

Several brokerages have weighed in on EXP. ValuEngine downgraded Eagle Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Eagle Materials in a research report on Thursday, October 4th. Macquarie began coverage on Eagle Materials in a research report on Wednesday, September 26th. They set a “buy” rating and a $105.00 price target on the stock. Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, Citigroup cut their price target on Eagle Materials from $122.00 to $111.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Eagle Materials currently has a consensus rating of “Buy” and an average target price of $113.86.

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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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Dividend History for Eagle Materials (NYSE:EXP)

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