Shares of Eagle Materials Inc (NYSE:EXP – Get Free Report) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $224.30.
A number of equities analysts have recently commented on EXP shares. JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a report on Tuesday, June 2nd. Stephens dropped their price objective on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. Wells Fargo & Company raised their target price on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada increased their price target on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th.
Get Our Latest Stock Analysis on EXP
Institutional Investors Weigh In On Eagle Materials
Eagle Materials Stock Down 2.4%
Shares of NYSE:EXP opened at $219.67 on Friday. The business’s 50 day moving average is $212.96 and its 200 day moving average is $211.78. Eagle Materials has a 12-month low of $171.99 and a 12-month high of $245.53. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 16.74 and a beta of 1.37. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18.
Eagle Materials (NYSE:EXP – Get Free Report) last posted its earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.59 by $0.32. The firm had revenue of $479.11 million for the quarter, compared to analysts’ expectations of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 EPS. On average, sell-side analysts forecast that Eagle Materials will post 13.02 earnings per share for the current fiscal year.
Eagle Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is 7.62%.
About Eagle Materials
Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.
Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.
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