Eagle Materials Inc Plans Quarterly Dividend of $0.25 (NYSE:EXP)

Eagle Materials Inc (NYSE:EXP) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.25 per share by the construction company on Monday, April 13th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, March 16th.

Eagle Materials has increased its dividend by an average of 0.2%annually over the last three years. Eagle Materials has a payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Materials to earn $15.75 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 6.3%.

Eagle Materials Stock Performance

NYSE:EXP traded down $1.29 during midday trading on Wednesday, hitting $228.97. The company’s stock had a trading volume of 260,897 shares, compared to its average volume of 525,392. Eagle Materials has a fifty-two week low of $191.91 and a fifty-two week high of $258.86. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68. The firm has a market cap of $7.20 billion, a P/E ratio of 17.37 and a beta of 1.38. The firm’s 50 day moving average is $221.00 and its 200-day moving average is $224.34.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The firm had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. During the same quarter in the prior year, the firm earned $3.59 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. Equities analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Company Profile

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.