Wall Street brokerages expect Eagle Materials, Inc. (NYSE:EXP) to report earnings per share of $1.63 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Eagle Materials’ earnings, with estimates ranging from $1.54 to $1.80. Eagle Materials reported earnings per share of $1.53 in the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The business is expected to issue its next quarterly earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Eagle Materials will report full-year earnings of $5.23 per share for the current year, with EPS estimates ranging from $5.00 to $5.62. For the next financial year, analysts anticipate that the company will report earnings of $5.96 per share, with EPS estimates ranging from $5.50 to $6.49. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Eagle Materials.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.27). Eagle Materials had a return on equity of 17.21% and a net margin of 3.20%. The business had revenue of $370.60 million during the quarter, compared to the consensus estimate of $376.95 million. During the same quarter in the previous year, the business posted $1.38 earnings per share. Eagle Materials’s quarterly revenue was down 5.9% compared to the same quarter last year.

EXP has been the subject of several research analyst reports. Raymond James downgraded Eagle Materials from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $106.00 to $92.00 in a report on Thursday, July 18th. Citigroup lifted their price objective on Eagle Materials from $101.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Stifel Nicolaus set a $101.00 price objective on Eagle Materials and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Eagle Materials has an average rating of “Hold” and an average price target of $93.88.

In other Eagle Materials news, Director Ed H. Bowman, Jr. sold 2,492 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $84.52, for a total value of $210,623.84. Following the transaction, the director now directly owns 16,386 shares of the company’s stock, valued at $1,384,944.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keith W. Metcalf sold 10,980 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $81.33, for a total value of $893,003.40. Following the completion of the transaction, the insider now directly owns 58,087 shares in the company, valued at $4,724,215.71. The disclosure for this sale can be found here. Insiders sold 44,452 shares of company stock worth $3,704,207 over the last three months. Insiders own 2.20% of the company’s stock.

Large investors have recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new position in Eagle Materials in the first quarter worth about $31,000. Transamerica Financial Advisors Inc. purchased a new position in shares of Eagle Materials during the 2nd quarter valued at about $71,000. Griffin Asset Management Inc. purchased a new position in shares of Eagle Materials during the 2nd quarter valued at about $166,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Eagle Materials during the 2nd quarter valued at about $174,000. Finally, HM Payson & Co. purchased a new position in shares of Eagle Materials during the 2nd quarter valued at about $196,000. 97.87% of the stock is currently owned by institutional investors and hedge funds.

NYSE EXP traded down $0.04 during trading hours on Friday, hitting $86.69. The company’s stock had a trading volume of 15,029 shares, compared to its average volume of 429,339. Eagle Materials has a 12 month low of $57.00 and a 12 month high of $93.18. The company’s 50 day simple moving average is $83.96 and its two-hundred day simple moving average is $84.87. The company has a market cap of $3.66 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.67 and a beta of 1.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.42 and a quick ratio of 1.05.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.40 annualized dividend and a yield of 0.46%. Eagle Materials’s payout ratio is 7.92%.

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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