Eagle Materials (NYSE:EXP) Releases Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Eagle Materials (NYSE:EXP - Get Free Report) posted its quarterly earnings data on Tuesday. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.26), RTT News reports. Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The business had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. During the same period in the prior year, the firm posted $2.24 EPS. Eagle Materials's revenue for the quarter was down 1.4% on a year-over-year basis.

Eagle Materials Price Performance

Shares of Eagle Materials stock traded up $1.11 during trading on Friday, hitting $214.77. 316,775 shares of the company's stock traded hands, compared to its average volume of 337,780. The company has a market cap of $7.15 billion, a PE ratio of 15.34 and a beta of 1.36. The firm's fifty day moving average price is $223.74 and its 200 day moving average price is $246.98. Eagle Materials has a twelve month low of $201.61 and a twelve month high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's payout ratio is 7.27%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on EXP shares. JPMorgan Chase & Co. dropped their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Loop Capital dropped their target price on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a research report on Wednesday. DA Davidson cut their target price on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday. Wall Street Zen downgraded shares of Eagle Materials from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Truist Financial decreased their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $260.00.

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.