Equities research analysts predict that Eagle Materials, Inc. (NYSE:EXP) will report $383.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Eagle Materials’ earnings. The lowest sales estimate is $368.95 million and the highest is $392.90 million. Eagle Materials reported sales of $393.76 million in the same quarter last year, which indicates a negative year over year growth rate of 2.5%. The company is expected to issue its next quarterly earnings report on Monday, July 29th.
According to Zacks, analysts expect that Eagle Materials will report full year sales of $1.41 billion for the current fiscal year, with estimates ranging from $1.38 billion to $1.43 billion. For the next financial year, analysts expect that the firm will report sales of $1.48 billion, with estimates ranging from $1.44 billion to $1.53 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Eagle Materials.
Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, May 16th. The construction company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.08. Eagle Materials had a return on equity of 17.82% and a net margin of 4.94%. The firm had revenue of $284.70 million for the quarter, compared to the consensus estimate of $278.70 million. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue was up .0% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System boosted its holdings in shares of Eagle Materials by 20.7% in the 4th quarter. California Public Employees Retirement System now owns 118,195 shares of the construction company’s stock valued at $7,213,000 after purchasing an additional 20,307 shares during the last quarter. BlackRock Inc. increased its stake in Eagle Materials by 1.1% during the 4th quarter. BlackRock Inc. now owns 4,328,050 shares of the construction company’s stock worth $264,142,000 after buying an additional 45,955 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Eagle Materials during the 4th quarter worth $12,429,000. Bank of New York Mellon Corp increased its stake in Eagle Materials by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,299,538 shares of the construction company’s stock worth $140,339,000 after buying an additional 94,338 shares during the period. Finally, Texas Permanent School Fund increased its stake in Eagle Materials by 2.1% during the 4th quarter. Texas Permanent School Fund now owns 30,684 shares of the construction company’s stock worth $1,873,000 after buying an additional 617 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.
Eagle Materials stock traded down $1.26 during trading hours on Thursday, reaching $83.72. 36,121 shares of the company’s stock were exchanged, compared to its average volume of 663,991. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.38 and a quick ratio of 0.85. The stock’s 50 day moving average price is $88.40. Eagle Materials has a twelve month low of $57.00 and a twelve month high of $111.42. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.59 and a beta of 1.30.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. Eagle Materials’s dividend payout ratio is currently 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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