Eagle Materials (NYSE:EXP) released its quarterly earnings data on Tuesday. The construction company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.41, MarketWatch Earnings reports. The business had revenue of $315.40 million during the quarter, compared to analyst estimates of $283.00 million. Eagle Materials had a return on equity of 24.46% and a net margin of 4.89%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.87 EPS.
Shares of Eagle Materials stock opened at $66.05 on Friday. The stock has a market cap of $2.61 billion, a PE ratio of 40.52 and a beta of 1.28. The business has a fifty day simple moving average of $57.12 and a 200-day simple moving average of $78.20. The company has a quick ratio of 1.67, a current ratio of 4.00 and a debt-to-equity ratio of 1.71. Eagle Materials has a 12 month low of $41.83 and a 12 month high of $97.10.
Several equities research analysts have recently weighed in on the company. Cfra reduced their price objective on Eagle Materials from $102.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised Eagle Materials from a “neutral” rating to an “overweight” rating and set a $65.00 price objective for the company in a research note on Thursday, April 23rd. Citigroup assumed coverage on Eagle Materials in a research note on Monday, January 27th. They set a “buy” rating and a $111.00 price objective for the company. Zacks Investment Research lowered Eagle Materials from a “hold” rating to a “sell” rating in a research note on Friday, May 8th. Finally, Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Eagle Materials presently has an average rating of “Buy” and an average target price of $86.31.
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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