$382.43 Million in Sales Expected for Eagle Materials, Inc. (NYSE:EXP) This Quarter

Wall Street brokerages forecast that Eagle Materials, Inc. (NYSE:EXP) will announce sales of $382.43 million for the current quarter, according to Zacks. Five analysts have provided estimates for Eagle Materials’ earnings. The lowest sales estimate is $378.80 million and the highest is $387.58 million. Eagle Materials reported sales of $381.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.2%. The company is scheduled to report its next quarterly earnings report on Tuesday, October 29th.

On average, analysts expect that Eagle Materials will report full year sales of $1.39 billion for the current financial year, with estimates ranging from $1.37 billion to $1.40 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.45 billion, with estimates ranging from $1.43 billion to $1.49 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Eagle Materials.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.27). Eagle Materials had a net margin of 3.20% and a return on equity of 17.21%. The business had revenue of $370.60 million during the quarter, compared to analyst estimates of $376.95 million. During the same period last year, the company earned $1.38 EPS. The business’s revenue for the quarter was down 5.9% on a year-over-year basis.

Several brokerages have recently commented on EXP. Northcoast Research raised Eagle Materials from a “sell” rating to a “neutral” rating in a research note on Friday, September 20th. Zacks Investment Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. decreased their price target 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. Stifel Nicolaus set a $101.00 price target on Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Raymond James lowered Eagle Materials from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $93.88.

In related news, insider Keith W. Metcalf sold 3,836 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $92.00, for a total transaction of $352,912.00. Following the transaction, the insider now owns 39,610 shares of the company’s stock, valued at approximately $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 10,980 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $81.33, for a total value of $893,003.40. Following the transaction, the insider now directly owns 58,087 shares in the company, valued at approximately $4,724,215.71. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,630 shares of company stock worth $5,077,899. 2.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Transamerica Financial Advisors Inc. purchased a new stake in Eagle Materials during the 2nd quarter worth about $71,000. Griffin Asset Management Inc. purchased a new stake in Eagle Materials during the 2nd quarter worth about $166,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Eagle Materials in the 2nd quarter valued at about $174,000. HM Payson & Co. purchased a new position in shares of Eagle Materials in the 2nd quarter valued at about $196,000. Finally, Verition Fund Management LLC purchased a new position in shares of Eagle Materials in the 2nd quarter valued at about $221,000. Institutional investors own 97.87% of the company’s stock.

Shares of Eagle Materials stock traded down $0.69 during trading hours on Thursday, hitting $88.48. The company’s stock had a trading volume of 185,444 shares, compared to its average volume of 603,514. Eagle Materials has a twelve month low of $57.00 and a twelve month high of $93.18. The firm has a fifty day moving average of $86.35 and a 200-day moving average of $86.50. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.05 and a current ratio of 2.42.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date is Thursday, October 3rd. Eagle Materials’s payout ratio is 7.92%.

Eagle Materials Company Profile

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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Earnings History and Estimates for Eagle Materials (NYSE:EXP)

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