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

Eagle Materials Inc (NYSE:EXP) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, September 14th will be paid a dividend of 0.25 per share by the construction company on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 14th.

Eagle Materials has raised its dividend by an average of 0.6%annually over the last three years. Eagle Materials has a dividend payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Eagle Materials to earn $14.34 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 7.0%.

Eagle Materials Trading Up 4.7%

NYSE:EXP opened at $214.57 on Tuesday. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 16.96 and a beta of 1.37. Eagle Materials has a one year low of $171.99 and a one year high of $245.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. The business’s 50-day simple moving average is $215.47 and its 200 day simple moving average is $210.41.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The business had revenue of $650.97 million for the quarter, compared to analyst estimates of $620.35 million. During the same quarter last year, the business earned $3.76 EPS. Eagle Materials’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that Eagle Materials will post 12.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXP. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a research note on Tuesday, June 16th. JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target on the stock in a report on Tuesday, June 2nd. Wells Fargo & Company decreased their price objective on shares of Eagle Materials from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Royal Bank Of Canada upped their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.44.

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.