Eagle Materials (NYSE:EXP) Releases Earnings Results, Misses Estimates By $0.44 EPS

Eagle Materials (NYSE:EXP) released its earnings results on Tuesday. The construction company reported $4.31 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44), Briefing.com reports. The business had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.28 EPS.

Eagle Materials Stock Down 0.6 %

Eagle Materials stock traded down $1.75 during mid-day trading on Thursday, reaching $286.58. 13,073 shares of the company were exchanged, compared to its average volume of 306,795. The business has a fifty day moving average of $276.84 and a 200 day moving average of $252.76. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. The firm has a market cap of $9.70 billion, a P/E ratio of 21.19 and a beta of 1.32. Eagle Materials has a 12-month low of $152.59 and a 12-month high of $306.36.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.35%. Eagle Materials’s dividend payout ratio is currently 7.34%.

Insiders Place Their Bets

In other news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now directly owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on EXP. The Goldman Sachs Group upped their target price on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup boosted their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Stephens boosted their price target on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $302.67.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.