Eagle Materials (EXP) Projected to Post Quarterly Earnings on Thursday

Eagle Materials (NYSE:EXP - Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $3.97 per share and revenue of $581,720.00 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.28 earnings per share. On average, analysts expect Eagle Materials to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Eagle Materials Price Performance

EXP traded up $3.70 during trading on Thursday, reaching $254.66. The stock had a trading volume of 230,319 shares, compared to its average volume of 266,252. The business has a 50-day moving average of $276.62 and a 200-day moving average of $266.94. Eagle Materials has a one year low of $197.58 and a one year high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The stock has a market cap of $8.54 billion, a PE ratio of 17.98 and a beta of 1.37.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Eagle Materials's dividend payout ratio (DPR) is presently 7.06%.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the transaction, the director now directly owns 1,100 shares of the company's stock, valued at approximately $330,330. The trade was a 76.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Haack sold 11,888 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the sale, the chief executive officer now directly owns 85,811 shares of the company's stock, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,866 shares of company stock worth $5,205,311. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Loop Capital lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a report on Monday, November 25th. Truist Financial increased their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a report on Monday, November 4th. Jefferies Financial Group downgraded shares of Eagle Materials from a "buy" rating to a "hold" rating and lowered their price target for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Finally, Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $301.44.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.