Eagle Materials, Inc. (NYSE:EXP) – Equities research analysts at Jefferies Financial Group issued their Q1 2021 earnings per share estimates for shares of Eagle Materials in a report released on Wednesday, October 9th. Jefferies Financial Group analyst P. Ng anticipates that the construction company will earn $1.45 per share for the quarter. Jefferies Financial Group has a “Hold” rating and a $92.00 price target on the stock. Jefferies Financial Group also issued estimates for Eagle Materials’ Q2 2021 earnings at $1.83 EPS, Q3 2021 earnings at $1.65 EPS, Q4 2021 earnings at $1.11 EPS and FY2022 earnings at $6.50 EPS.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.27). The firm had revenue of $370.60 million for the quarter, compared to analysts’ expectations of $376.95 million. Eagle Materials had a net margin of 3.20% and a return on equity of 17.21%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 EPS.
A number of other analysts have also issued reports on EXP. Stifel Nicolaus set a $101.00 price objective on shares of Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, July 31st. Exane BNP Paribas started coverage on shares of Eagle Materials in a research report on Wednesday. They set an “outperform” rating and a $112.00 price target for the company. SunTrust Banks set a $95.00 price target on shares of Eagle Materials and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Eagle Materials from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $95.42.
EXP opened at $90.46 on Thursday. The firm has a market capitalization of $3.83 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.70 and a beta of 1.25. The firm’s 50 day moving average is $86.98 and its 200-day moving average is $86.77. Eagle Materials has a 52-week low of $57.00 and a 52-week high of $93.18. The company has a quick ratio of 1.05, a current ratio of 2.42 and a debt-to-equity ratio of 0.85.
A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Eagle Materials by 69.9% in the first quarter. FMR LLC now owns 3,445,277 shares of the construction company’s stock worth $290,437,000 after purchasing an additional 1,418,021 shares during the period. Wells Fargo & Company MN boosted its holdings in Eagle Materials by 2.7% in the second quarter. Wells Fargo & Company MN now owns 2,728,089 shares of the construction company’s stock worth $252,894,000 after purchasing an additional 70,811 shares during the period. Long Pond Capital LP boosted its holdings in Eagle Materials by 10.2% in the second quarter. Long Pond Capital LP now owns 594,935 shares of the construction company’s stock worth $55,150,000 after purchasing an additional 55,000 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Eagle Materials by 29.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 554,925 shares of the construction company’s stock worth $51,442,000 after purchasing an additional 125,524 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Eagle Materials by 1.2% in the first quarter. Lazard Asset Management LLC now owns 471,480 shares of the construction company’s stock worth $39,745,000 after purchasing an additional 5,685 shares during the period. 97.87% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Keith W. Metcalf sold 10,980 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $81.33, for a total transaction of $893,003.40. Following the completion of the sale, the insider now owns 58,087 shares of the company’s stock, valued at $4,724,215.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Powers sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the sale, the director now directly owns 86,840 shares of the company’s stock, valued at approximately $7,381,400. The disclosure for this sale can be found here. Insiders have sold 59,630 shares of company stock valued at $5,077,899 in the last three months. Corporate insiders own 2.20% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Thursday, October 3rd. Eagle Materials’s 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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