Eagle Materials (EXP) Expected to Announce Earnings on Thursday

Eagle Materials (NYSE:EXP) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Eagle Materials to post earnings of $3.97 per share and revenue of $581,720.00 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. During the same period last year, the business earned $4.28 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts expect Eagle Materials to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Eagle Materials Trading Up 0.5 %

Shares of EXP opened at $258.18 on Wednesday. The company has a 50 day simple moving average of $272.19 and a two-hundred day simple moving average of $268.46. Eagle Materials has a 1 year low of $203.98 and a 1 year high of $321.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The firm has a market cap of $8.66 billion, a P/E ratio of 18.23 and a beta of 1.37.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Analysts Set New Price Targets

EXP has been the subject of a number of recent research reports. The Goldman Sachs Group raised their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their target price for the company from $334.00 to $280.00 in a report on Monday, January 6th. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the company from $330.00 to $310.00 in a report on Monday, December 16th. Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price target on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $301.44.

Insider Transactions at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is currently owned by insiders.

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.