Eagle Materials (NYSE:EXP) Posts Quarterly Earnings Results, Beats Estimates By $0.37 EPS

Eagle Materials (NYSE:EXP) released its quarterly earnings results on Tuesday. The construction company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.37, Briefing.com reports. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The firm had revenue of $608.69 million for the quarter, compared to analysts’ expectations of $622.06 million. During the same quarter in the prior year, the firm posted $3.55 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis.

Eagle Materials Stock Down 3.4 %

Shares of EXP traded down $9.22 on Thursday, hitting $263.08. 33,589 shares of the stock traded hands, compared to its average volume of 319,169. The company has a market capitalization of $8.91 billion, a PE ratio of 19.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 2.45. The business has a 50 day simple moving average of $228.47 and a 200 day simple moving average of $241.43. Eagle Materials has a one year low of $145.03 and a one year high of $279.69.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, June 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.34%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXP shares. Raymond James lowered shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Citigroup cut their price target on shares of Eagle Materials from $297.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. StockNews.com lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Stifel Nicolaus cut their price target on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Finally, The Goldman Sachs Group upped their price target on shares of Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Eagle Materials currently has a consensus rating of “Moderate Buy” and an average target price of $281.00.

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.