Eagle Materials (EXP) Receives Coverage Optimism Rating of 0.11
News articles about Eagle Materials (NYSE:EXP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eagle Materials earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 45.7863384839026 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Eagle Materials (EXP) traded up 4.12% on Monday, reaching $90.83. 730,537 shares of the company’s stock were exchanged. Eagle Materials has a one year low of $73.27 and a one year high of $110.64. The firm has a market cap of $4.40 billion, a PE ratio of 21.12 and a beta of 1.23. The firm has a 50 day moving average price of $91.40 and a 200 day moving average price of $96.35.
Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The firm had revenue of $366.10 million for the quarter, compared to the consensus estimate of $369.68 million. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities analysts anticipate that Eagle Materials will post $5.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a yield of 0.44%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.30%.
EXP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Thursday, May 11th. Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 30th. Finally, Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $104.67.
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In other news, CEO David B. Powers sold 11,317 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $93.57, for a total value of $1,058,931.69. Following the transaction, the chief executive officer now directly owns 106,580 shares in the company, valued at approximately $9,972,690.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gerald J. Essl sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $93.40, for a total value of $186,800.00. Following the completion of the transaction, the insider now owns 39,859 shares in the company, valued at $3,722,830.60. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.
Eagle Materials Company Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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