Zacks: Brokerages Anticipate Eagle Materials, Inc. (NYSE:EXP) Will Announce Quarterly Sales of $354.02 Million

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Equities research analysts expect that Eagle Materials, Inc. (NYSE:EXP) will post sales of $354.02 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Eagle Materials’ earnings. The highest sales estimate is $363.80 million and the lowest is $343.66 million. Eagle Materials posted sales of $333.29 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The firm is scheduled to announce its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Eagle Materials will report full-year sales of $1.43 billion for the current financial year, with estimates ranging from $1.42 billion to $1.45 billion. For the next financial year, analysts forecast that the firm will report sales of $1.49 billion, with estimates ranging from $1.47 billion to $1.50 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Eagle Materials.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.18. The firm had revenue of $414.50 million during the quarter, compared to analysts’ expectations of $380.38 million. Eagle Materials had a return on equity of 18.87% and a net margin of 3.07%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.53 earnings per share.

Several research analysts recently commented on the company. SunTrust Banks increased their price objective on Eagle Materials from $100.00 to $102.00 and gave the company a “buy” rating in a research note on Friday, November 29th. They noted that the move was a valuation call. ValuEngine upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered their price objective on Eagle Materials from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Exane BNP Paribas initiated coverage on Eagle Materials in a report on Wednesday, October 9th. They issued an “outperform” rating and a $112.00 target price for the company. Finally, DA Davidson raised their target price on Eagle Materials to $94.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Eagle Materials has a consensus rating of “Hold” and an average price target of $97.50.

In other Eagle Materials news, insider Keith W. Metcalf sold 3,836 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $92.00, for a total value of $352,912.00. Following the completion of the sale, the insider now owns 39,610 shares of the company’s stock, valued at $3,644,120. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Keith W. Metcalf sold 3,661 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $90.00, for a total transaction of $329,490.00. Following the sale, the insider now owns 43,446 shares in the company, valued at $3,910,140. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,210 shares of company stock worth $4,831,432. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Eagle Materials by 14,164.5% in the third quarter. Millennium Management LLC now owns 740,042 shares of the construction company’s stock valued at $66,611,000 after purchasing an additional 734,854 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Eagle Materials by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 560 shares of the construction company’s stock valued at $50,000 after purchasing an additional 112 shares in the last quarter. Quantum Capital Management acquired a new position in shares of Eagle Materials in the third quarter valued at approximately $102,000. Ancora Advisors LLC raised its position in shares of Eagle Materials by 86.5% in the third quarter. Ancora Advisors LLC now owns 81,457 shares of the construction company’s stock valued at $7,332,000 after buying an additional 37,780 shares during the last quarter. Finally, Boston Partners purchased a new stake in Eagle Materials in the 3rd quarter worth approximately $84,658,000. Institutional investors and hedge funds own 97.07% of the company’s stock.

NYSE EXP traded down $0.16 during trading hours on Wednesday, reaching $90.23. The company’s stock had a trading volume of 435,969 shares, compared to its average volume of 290,889. The company’s 50-day moving average is $92.52 and its two-hundred day moving average is $88.53. Eagle Materials has a 1-year low of $57.00 and a 1-year high of $97.10. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 1.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.50 and a quick ratio of 1.26.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Tuesday, December 10th will be given a $0.10 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.92%.

About Eagle Materials

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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