Eagle Materials, Inc. (NYSE:EXP) Expected to Post Quarterly Sales of $382.43 Million

Brokerages expect Eagle Materials, Inc. (NYSE:EXP) to announce $382.43 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Eagle Materials’ earnings. The lowest sales estimate is $378.80 million and the highest is $387.58 million. Eagle Materials reported sales of $381.50 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.2%. The firm is scheduled to announce its next earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Eagle Materials will report full-year sales of $1.39 billion for the current financial year, with estimates ranging from $1.37 billion to $1.40 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.45 billion, with estimates ranging from $1.43 billion to $1.49 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Eagle Materials.

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

A number of equities research analysts have recently weighed in on the company. SunTrust Banks set a $95.00 price objective on Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and dropped their price objective for the company from $106.00 to $92.00 in a research note on Thursday, July 18th. Northcoast Research cut Eagle Materials from a “neutral” rating to a “sell” rating and set a $76.00 price objective for the company. in a research note on Monday, July 1st. JPMorgan Chase & Co. dropped their price objective on Eagle Materials from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Stifel Nicolaus set a $101.00 price objective on Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $93.88.

Shares of NYSE EXP traded down $0.13 during trading on Tuesday, reaching $86.60. The stock had a trading volume of 418,631 shares, compared to its average volume of 431,071. Eagle Materials has a fifty-two week low of $57.00 and a fifty-two week high of $93.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.05 and a current ratio of 2.42. The business’s 50-day moving average price is $83.91 and its 200-day moving average price is $84.91. The company has a market cap of $3.64 billion, a P/E ratio of 17.15, a PEG ratio of 1.66 and a beta of 1.23.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be issued a $0.10 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.92%.

In related news, Director David B. Powers sold 20,000 shares of Eagle Materials stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $85.00, for a total value of $1,700,000.00. Following the completion of the transaction, the director now directly owns 86,840 shares in the company, valued at $7,381,400. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Keith W. Metcalf sold 10,980 shares of Eagle Materials stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $82.02, for a total value of $900,579.60. Following the completion of the transaction, the insider now owns 58,087 shares of the company’s stock, valued at $4,764,295.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,452 shares of company stock valued at $3,704,207. 2.20% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Eagle Materials by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 498,229 shares of the construction company’s stock worth $30,407,000 after buying an additional 31,233 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Eagle Materials by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 443,238 shares of the construction company’s stock worth $27,050,000 after buying an additional 20,184 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Eagle Materials during the 1st quarter worth about $228,000. Janus Henderson Group PLC lifted its holdings in Eagle Materials by 21.8% during the 1st quarter. Janus Henderson Group PLC now owns 6,535 shares of the construction company’s stock worth $551,000 after buying an additional 1,168 shares during the last quarter. Finally, Texas Permanent School Fund lifted its holdings in Eagle Materials by 1.6% during the 1st quarter. Texas Permanent School Fund now owns 31,165 shares of the construction company’s stock worth $2,627,000 after buying an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 97.87% of the company’s stock.

About Eagle Materials

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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