S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20

Eagle Materials Inc. (NYSE:EXP) Expected to Post Quarterly Sales of $462.89 Million

Last updated on Friday, November 26, 2021 | 2021 MarketBeat

Analysts forecast that Eagle Materials Inc. (NYSE:EXP) will post sales of $462.89 million for the current quarter, Zacks reports. Four analysts have provided estimates for Eagle Materials' earnings, with the highest sales estimate coming in at $467.60 million and the lowest estimate coming in at $456.96 million. Eagle Materials reported sales of $404.67 million in the same quarter last year, which would suggest a positive year over year growth rate of 14.4%. The firm is expected to report its next quarterly earnings report on Thursday, January 27th.

According to Zacks, analysts expect that Eagle Materials will report full year sales of $1.85 billion for the current year, with estimates ranging from $1.84 billion to $1.86 billion. For the next financial year, analysts forecast that the firm will post sales of $2.02 billion, with estimates ranging from $2.01 billion to $2.05 billion. Zacks Investment Research's sales calculations are an average based on a survey of analysts that follow Eagle Materials.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, October 28th. The construction company reported $2.73 EPS for the quarter, topping the Zacks' consensus estimate of $2.71 by $0.02. Eagle Materials had a net margin of 19.88% and a return on equity of 26.77%. The business had revenue of $509.70 million during the quarter, compared to analysts' expectations of $503.72 million. During the same quarter in the previous year, the company earned $2.02 EPS. The business's quarterly revenue was up 13.8% compared to the same quarter last year.

A number of equities analysts recently weighed in on the company. Berenberg Bank raised Eagle Materials from a "hold" rating to a "buy" rating in a report on Monday, August 30th. Raymond James boosted their price objective on shares of Eagle Materials from $165.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, October 29th. Stephens upped their price objective on shares of Eagle Materials from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, November 2nd. Zacks Investment Research cut shares of Eagle Materials from a "buy" rating to a "hold" rating in a research report on Thursday, November 4th. Finally, Exane BNP Paribas lowered shares of Eagle Materials from an "outperform" rating to a "neutral" rating and set a $159.50 price target for the company. in a research report on Tuesday, October 19th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $166.64.

In other Eagle Materials news, Director Martin M. Ellen sold 1,193 shares of the firm's stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $163.32, for a total transaction of $194,840.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Haack sold 5,000 shares of the business's stock in a transaction on Tuesday, November 2nd. The stock was sold at an average price of $155.00, for a total value of $775,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,246 shares of company stock valued at $9,763,030. 1.50% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC lifted its stake in shares of Eagle Materials by 610.8% in the third quarter. Schonfeld Strategic Advisors LLC now owns 26,300 shares of the construction company's stock worth $3,450,000 after buying an additional 22,600 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Eagle Materials by 192.4% during the third quarter. Squarepoint Ops LLC now owns 8,854 shares of the construction company's stock valued at $1,161,000 after acquiring an additional 5,826 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Eagle Materials in the 3rd quarter worth approximately $525,000. Verition Fund Management LLC lifted its position in Eagle Materials by 14.0% in the 3rd quarter. Verition Fund Management LLC now owns 3,942 shares of the construction company's stock valued at $517,000 after acquiring an additional 483 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Eagle Materials during the 3rd quarter valued at $288,000. Institutional investors and hedge funds own 94.52% of the company's stock.

NYSE EXP opened at $164.33 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 0.62. The stock's 50-day simple moving average is $146.35 and its two-hundred day simple moving average is $145.80. Eagle Materials has a twelve month low of $90.85 and a twelve month high of $166.42. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 20.02 and a beta of 1.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 14th. Stockholders of record on Friday, December 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Eagle Materials's dividend payout ratio is currently 12.18%.

About Eagle Materials

Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of portland cement.

Featured Story: Yield Curve

Get a free copy of the Zacks research report on Eagle Materials (EXP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Eagle Materials (NYSE:EXP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Eagle Materials right now?

Before you consider Eagle Materials, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eagle Materials wasn't on the list.

While Eagle Materials currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here



Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.