Eagle Materials Inc (NYSE:EXP) – Investment analysts at DA Davidson reduced their Q3 2018 earnings estimates for shares of Eagle Materials in a note issued to investors on Wednesday. DA Davidson analyst B. Thielman now expects that the construction company will post earnings per share of $1.45 for the quarter, down from their previous forecast of $1.51. DA Davidson also issued estimates for Eagle Materials’ Q4 2018 earnings at $1.17 EPS, FY2018 earnings at $5.05 EPS, FY2019 earnings at $6.69 EPS and FY2020 earnings at $7.48 EPS.
A number of other brokerages also recently issued reports on EXP. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. Standpoint Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and reduced their price target for the company from $115.00 to $110.00 in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $110.00.
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Eagle Materials (EXP) opened at 107.30 on Friday. The company has a 50-day moving average of $106.16 and a 200 day moving average of $97.46. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 24.95 and a beta of 1.17. Eagle Materials has a 12 month low of $80.17 and a 12 month high of $110.98.
Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The company had revenue of $376.30 million during the quarter, compared to analysts’ expectations of $412.84 million. During the same quarter last year, the firm posted $1.25 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Eagle Materials’s dividend payout ratio is currently 9.17%.
In other news, insider Gerald J. Essl sold 8,161 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $105.00, for a total value of $856,905.00. Following the sale, the insider now directly owns 42,541 shares in the company, valued at approximately $4,466,805. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $101.40, for a total transaction of $507,000.00. Following the completion of the sale, the chief financial officer now owns 61,778 shares in the company, valued at $6,264,289.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,935 shares of company stock worth $7,655,646. 4.10% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Eagle Materials by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 180,992 shares of the construction company’s stock worth $16,727,000 after buying an additional 14,020 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Eagle Materials by 20.1% in the 2nd quarter. Quantbot Technologies LP now owns 18,530 shares of the construction company’s stock worth $1,712,000 after buying an additional 3,103 shares during the last quarter. Skylands Capital LLC increased its holdings in shares of Eagle Materials by 58.6% in the 3rd quarter. Skylands Capital LLC now owns 87,600 shares of the construction company’s stock worth $9,347,000 after buying an additional 32,375 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Eagle Materials by 10.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock worth $1,067,000 after buying an additional 1,052 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Eagle Materials by 39.7% in the 2nd quarter. Prudential Financial Inc. now owns 419,711 shares of the construction company’s stock worth $38,789,000 after buying an additional 119,184 shares during the last quarter. Hedge funds and other institutional investors own 91.12% 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.
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