Eagle Materials, Inc. (NYSE:EXP) – Investment analysts at Jefferies Financial Group boosted their Q1 2020 EPS estimates for shares of Eagle Materials in a research note issued to investors on Friday, May 17th. Jefferies Financial Group analyst P. Ng now expects that the construction company will earn $1.36 per share for the quarter, up from their previous estimate of $1.31. Jefferies Financial Group has a “Market Weight” rating on the stock. Jefferies Financial Group also issued estimates for Eagle Materials’ Q2 2020 earnings at $1.68 EPS and Q3 2020 earnings at $1.53 EPS.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Citigroup lifted their price objective on shares of Eagle Materials from $84.00 to $87.00 and gave the company a “buy” rating in a report on Monday, April 1st. Macquarie set a $100.00 price objective on shares of Eagle Materials and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Berenberg Bank started coverage on shares of Eagle Materials in a report on Wednesday, April 3rd. They set a “buy” rating and a $103.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Eagle Materials currently has a consensus rating of “Buy” and an average price target of $104.95.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, May 16th. The construction company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $278.70 million. Eagle Materials had a net margin of 4.94% and a return on equity of 17.82%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $0.76 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in EXP. Sachem Head Capital Management LP purchased a new position in Eagle Materials during the first quarter worth about $280,298,000. FMR LLC boosted its holdings in Eagle Materials by 69.9% during the first quarter. FMR LLC now owns 3,445,277 shares of the construction company’s stock worth $290,437,000 after purchasing an additional 1,418,021 shares during the last quarter. Ardevora Asset Management LLP purchased a new position in Eagle Materials during the fourth quarter worth about $34,958,000. Long Pond Capital LP purchased a new position in Eagle Materials during the first quarter worth about $45,517,000. Finally, Two Sigma Advisers LP boosted its holdings in Eagle Materials by 1,587.1% during the fourth quarter. Two Sigma Advisers LP now owns 504,078 shares of the construction company’s stock worth $30,764,000 after purchasing an additional 474,200 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Eagle Materials Company Profile
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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