Wall Street analysts expect that Eagle Materials Inc. (NYSE:EXP) will post sales of $386.36 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Eagle Materials' earnings, with estimates ranging from $380.40 million to $393.20 million. Eagle Materials posted sales of $350.25 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The business is expected to announce its next earnings results on Tuesday, February 2nd.
According to Zacks, analysts expect that Eagle Materials will report full year sales of $1.58 billion for the current financial year, with estimates ranging from $1.53 billion to $1.60 billion. For the next financial year, analysts forecast that the company will post sales of $1.65 billion, with estimates ranging from $1.58 billion to $1.71 billion. Zacks' sales averages are an average based on a survey of research firms that follow Eagle Materials.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.16. Eagle Materials had a return on equity of 25.92% and a net margin of 9.73%. The company had revenue of $448.00 million for the quarter, compared to the consensus estimate of $450.88 million. During the same quarter last year, the company earned $1.72 earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the company. ValuEngine downgraded Eagle Materials from a "hold" rating to a "sell" rating in a research report on Thursday, November 5th. Berenberg Bank downgraded Eagle Materials from a "buy" rating to a "hold" rating in a report on Thursday, October 22nd. Raymond James raised their price target on Eagle Materials from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, October 30th. Citigroup raised their price target on Eagle Materials from $72.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Finally, Zacks Investment Research raised Eagle Materials from a "hold" rating to a "buy" rating and set a $99.00 price target for the company in a report on Thursday, November 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of "Buy" and a consensus price target of $82.11.
Shares of EXP stock opened at $91.10 on Thursday. Eagle Materials has a 1-year low of $41.83 and a 1-year high of $97.79. The stock's 50-day moving average is $89.38 and its 200 day moving average is $78.25. The company has a market cap of $3.81 billion, a P/E ratio of 25.38 and a beta of 1.37. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.98 and a quick ratio of 2.58.
In other Eagle Materials news, insider Steven L. Wentzel sold 16,051 shares of the business's stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $90.00, for a total value of $1,444,590.00. Following the completion of the transaction, the insider now directly owns 20,050 shares of the company's stock, valued at $1,804,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James H. Graass sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $92.22, for a total value of $645,540.00. Following the completion of the transaction, the executive vice president now directly owns 75,636 shares of the company's stock, valued at $6,975,151.92. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.
A number of large investors have recently made changes to their positions in EXP. California State Teachers Retirement System increased its position in shares of Eagle Materials by 1.9% in the third quarter. California State Teachers Retirement System now owns 70,745 shares of the construction company's stock valued at $6,107,000 after buying an additional 1,337 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of Eagle Materials by 690.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 51,500 shares of the construction company's stock valued at $4,445,000 after buying an additional 44,985 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Eagle Materials in the third quarter valued at approximately $92,000. Point72 Asset Management L.P. purchased a new stake in shares of Eagle Materials in the third quarter valued at approximately $4,808,000. Finally, Squarepoint Ops LLC increased its position in shares of Eagle Materials by 6.0% in the third quarter. Squarepoint Ops LLC now owns 12,097 shares of the construction company's stock valued at $1,044,000 after buying an additional 681 shares in the last quarter. 95.70% of the stock is owned by institutional investors.
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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