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

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

Eagle Materials Trading Down 5.1%

EXP opened at $227.73 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The stock's fifty day moving average is $223.51 and its two-hundred day moving average is $248.93. The company has a market capitalization of $7.58 billion, a P/E ratio of 16.27 and a beta of 1.36. Eagle Materials has a 52 week low of $200.59 and a 52 week high of $321.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Truist Financial decreased their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Loop Capital reduced their target price on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reduced their target price on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Stifel Nicolaus started coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 target price on the stock. Finally, Stephens reissued an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $274.40.

About Eagle Materials

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.