Zacks: Brokerages Anticipate Eagle Materials Inc. (NYSE:EXP) Will Post Earnings of $1.32 Per Share

Equities research analysts predict that Eagle Materials Inc. (NYSE:EXP) will announce earnings per share (EPS) of $1.32 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Eagle Materials’ earnings, with estimates ranging from $1.22 to $1.52. Eagle Materials posted earnings of $1.28 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The firm is expected to report its next earnings report before the market opens on Wednesday, May 19th.

On average, analysts expect that Eagle Materials will report full year earnings of $6.76 per share for the current year, with EPS estimates ranging from $6.74 to $6.80. For the next year, analysts anticipate that the company will report earnings of $7.95 per share, with EPS estimates ranging from $7.19 to $8.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Eagle Materials.

Several analysts recently issued reports on EXP shares. Loop Capital upped their price target on shares of Eagle Materials from $108.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 6th. Truist upped their price target on shares of Eagle Materials from $135.00 to $160.00 in a report on Wednesday, March 31st. TheStreet raised shares of Eagle Materials from a “c+” rating to a “b” rating in a report on Wednesday, January 6th. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 22nd. Finally, Zacks Investment Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, April 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $119.00.

EXP traded up $1.85 during trading on Tuesday, hitting $142.09. The company had a trading volume of 393,555 shares, compared to its average volume of 356,453. The company has a market cap of $5.97 billion, a PE ratio of 39.55 and a beta of 1.30. The business has a 50-day moving average of $136.63 and a 200-day moving average of $113.23. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.98 and a quick ratio of 2.58. Eagle Materials has a 1-year low of $48.56 and a 1-year high of $145.00.

In other news, CEO Michael Haack sold 9,907 shares of the company’s stock in a transaction dated Tuesday, April 6th. The shares were sold at an average price of $137.78, for a total transaction of $1,364,986.46. Following the completion of the transaction, the chief executive officer now owns 57,141 shares in the company, valued at $7,872,886.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dale Craig Kesler sold 30,816 shares of the company’s stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $117.88, for a total transaction of $3,632,590.08. Following the transaction, the chief financial officer now owns 75,633 shares of the company’s stock, valued at approximately $8,915,618.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,093 shares of company stock valued at $17,242,848. 2.30% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in EXP. First Trust Advisors LP grew its position in shares of Eagle Materials by 8.6% during the first quarter. First Trust Advisors LP now owns 57,097 shares of the construction company’s stock worth $4,813,000 after acquiring an additional 4,501 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Eagle Materials by 4,574.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 72,872 shares of the construction company’s stock valued at $6,143,000 after buying an additional 71,313 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in Eagle Materials by 690.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 51,500 shares of the construction company’s stock valued at $4,446,000 after buying an additional 44,985 shares in the last quarter. Brinker Capital Investments LLC bought a new position in Eagle Materials in the 3rd quarter valued at about $1,623,000. Finally, Louisiana State Employees Retirement System grew its position in Eagle Materials by 1.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the construction company’s stock valued at $1,064,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 94.24% 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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Earnings History and Estimates for Eagle Materials (NYSE:EXP)

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