Q2 2018 EPS Estimates for Eagle Materials Inc (NYSE:EXP) Decreased by Northcoast Research

Eagle Materials Inc (NYSE:EXP) – Northcoast Research lowered their Q2 2018 earnings per share (EPS) estimates for Eagle Materials in a research report issued on Thursday. Northcoast Research analyst K. Hocevar now anticipates that the construction company will post earnings of $1.54 per share for the quarter, down from their previous forecast of $1.60. Northcoast Research also issued estimates for Eagle Materials’ Q3 2018 earnings at $1.45 EPS and Q4 2018 earnings at $1.13 EPS.

A number of other research firms have also issued reports on EXP. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a research report on Wednesday, May 24th. Stephens raised shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 30th. Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $115.00 to $110.00 in a research report on Monday. Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday. Finally, BidaskClub lowered shares of Eagle Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Eagle Materials currently has a consensus rating of “Buy” and an average price target of $104.67.

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Eagle Materials (NYSE EXP) traded down 4.41% during midday trading on Monday, reaching $89.95. 610,848 shares of the company were exchanged. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 20.91 and a beta of 1.23. Eagle Materials has a 52-week low of $73.27 and a 52-week high of $110.64. The firm’s 50-day moving average price is $92.98 and its 200 day moving average price is $97.99.

Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The firm had revenue of $366.10 million during the quarter, compared to the consensus estimate of $369.68 million. During the same period in the previous year, the firm earned $0.93 earnings per share. Eagle Materials’s revenue was up 23.1% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Wednesday, June 21st were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Eagle Materials’s dividend payout ratio is currently 9.30%.

In related news, CEO David B. Powers sold 11,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $99.03, for a total value of $1,089,330.00. Following the transaction, the chief executive officer now owns 73,400 shares in the company, valued at $7,268,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James H. Graass sold 10,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $101.00, for a total value of $1,010,000.00. Following the completion of the transaction, the executive vice president now owns 69,653 shares in the company, valued at approximately $7,034,953. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in EXP. Bank of Montreal Can increased its position in Eagle Materials by 0.3% in the second quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock worth $583,000 after buying an additional 17 shares in the last quarter. RPG Investment Advisory LLC increased its position in Eagle Materials by 0.3% in the first quarter. RPG Investment Advisory LLC now owns 7,308 shares of the construction company’s stock worth $709,000 after buying an additional 21 shares in the last quarter. Greenwood Capital Associates LLC increased its position in Eagle Materials by 1.2% in the first quarter. Greenwood Capital Associates LLC now owns 2,431 shares of the construction company’s stock worth $236,000 after buying an additional 29 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Eagle Materials by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 8,343 shares of the construction company’s stock worth $810,000 after buying an additional 33 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock worth $220,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

Earnings History and Estimates for Eagle Materials (NYSE:EXP)

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