Eagle Materials (NYSE:EXP) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• Eagle Materials reported a quarterly earnings per share (EPS) of $3.76, meeting analysts' expectations, with a robust return on equity of 32.71% and a net margin of 20.50%.
• The company's stock saw a decline of 2.0%, opening at $221.67, and analysts have set an average price target of $254.44, with a mixed rating consensus including several hold and buy recommendations.
• Eagle Materials declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 0.45% and a low payout ratio of 7.27%.

Eagle Materials (NYSE:EXP - Get Free Report) released its earnings results on Tuesday. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.73 by $0.03, Zacks reports. The firm had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.

Eagle Materials Price Performance

Shares of NYSE:EXP traded down $3.96 during midday trading on Friday, reaching $220.33. The company's stock had a trading volume of 484,116 shares, compared to its average volume of 406,633. Eagle Materials has a fifty-two week low of $191.91 and a fifty-two week high of $321.93. The company has a market capitalization of $7.19 billion, a P/E ratio of 16.22 and a beta of 1.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.73 and a quick ratio of 1.03. The business's fifty day simple moving average is $209.71 and its 200-day simple moving average is $224.13.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Monday, June 16th were paid a $0.25 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials's dividend payout ratio (DPR) is 7.27%.

Wall Street Analysts Forecast Growth

EXP has been the subject of a number of research reports. Loop Capital increased their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a report on Wednesday. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Wall Street Zen cut Eagle Materials from a "hold" rating to a "sell" rating in a report on Sunday, July 6th. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, DA Davidson cut their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $255.33.

Institutional Trading of Eagle Materials

A hedge fund recently raised its stake in Eagle Materials stock. Focus Partners Wealth raised its stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 21.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,019 shares of the construction company's stock after buying an additional 357 shares during the quarter. Focus Partners Wealth's holdings in Eagle Materials were worth $448,000 at the end of the most recent reporting period. 96.07% of the stock is currently owned by institutional investors.

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.