Eagle Materials (NYSE:EXP) Releases Earnings Results, Misses Expectations By $0.38 EPS

Eagle Materials (NYSE:EXP - Get Free Report) issued its earnings results on Wednesday. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.97 by ($0.38), Zacks reports. Eagle Materials had a return on equity of 34.97% and a net margin of 20.91%.

Eagle Materials Trading Down 1.1 %

Shares of NYSE:EXP traded down $2.87 during midday trading on Friday, hitting $256.60. The company had a trading volume of 291,739 shares, compared to its average volume of 277,699. Eagle Materials has a 12 month low of $211.44 and a 12 month high of $321.93. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 18.33 and a beta of 1.37. The firm has a fifty day simple moving average of $264.79 and a 200 day simple moving average of $270.02.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were given a $0.25 dividend. 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 is currently 7.14%.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction dated Wednesday, November 20th. The stock was 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 in the company, valued at approximately $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the transaction, the chief executive officer now owns 85,811 shares in the company, 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. Insiders have sold 16,866 shares of company stock worth $5,205,311 in the last three months. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stephens reissued an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday. Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group raised their price target on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Loop Capital cut Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target for the company. in a report on Monday, November 25th. Finally, Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and dropped their price target for the company from $334.00 to $280.00 in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $296.80.

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.