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

Eagle Materials (NYSE:EXP) posted its quarterly earnings data on Tuesday. The construction company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37, Briefing.com reports. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The company had revenue of $608.69 million during the quarter, compared to analyst estimates of $622.06 million. During the same quarter last year, the company earned $3.55 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis.

Eagle Materials Stock Up 2.5 %

Shares of EXP stock traded up $6.71 during trading hours on Wednesday, reaching $272.31. 552,500 shares of the company’s stock were exchanged, compared to its average volume of 321,124. The company has a current ratio of 2.62, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average is $228.47 and its 200-day moving average is $241.43. Eagle Materials has a fifty-two week low of $145.03 and a fifty-two week high of $279.69. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 19.99 and a beta of 1.32.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, June 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Monday, June 17th. Eagle Materials’s payout ratio is presently 7.34%.

Wall Street Analysts Forecast Growth

EXP has been the topic of several recent analyst reports. Loop Capital cut their target price on Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Stifel Nicolaus reduced their target price on Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Truist Financial lifted their target price on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Citigroup dropped their target price on Eagle Materials from $297.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.