Wall Street analysts expect Eagle Materials, Inc. (NYSE:EXP) to announce sales of $382.43 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Eagle Materials’ earnings. The lowest sales estimate is $378.80 million and the highest is $387.58 million. Eagle Materials posted sales of $381.50 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.2%. The business is scheduled to report its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Eagle Materials will report full year sales of $1.39 billion for the current financial year, with estimates ranging from $1.37 billion to $1.40 billion. For the next year, analysts forecast that the company will report sales of $1.45 billion, with estimates ranging from $1.43 billion to $1.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Eagle Materials.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, July 30th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.27). Eagle Materials had a return on equity of 17.21% and a net margin of 3.20%. The firm had revenue of $370.60 million during the quarter, compared to analyst estimates of $376.95 million. During the same quarter in the previous year, the business earned $1.38 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year.

A number of research firms have recently issued reports on EXP. Northcoast Research lowered shares of Eagle Materials from a “neutral” rating to a “sell” rating and set a $76.00 price target for the company. in a research report on Monday, July 1st. Citigroup raised their price objective on shares of Eagle Materials from $101.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $106.00 to $92.00 in a research note on Thursday, July 18th. SunTrust Banks set a $95.00 price objective on shares of Eagle Materials and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Eagle Materials from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Eagle Materials has a consensus rating of “Hold” and an average price target of $93.88.

Shares of NYSE EXP traded down $0.04 during mid-day trading on Tuesday, reaching $86.69. The company had a trading volume of 15,029 shares, compared to its average volume of 429,339. The stock has a fifty day moving average of $83.96 and a two-hundred day moving average of $84.87. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.05 and a current ratio of 2.42. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.67 and a beta of 1.23. Eagle Materials has a 12-month low of $57.00 and a 12-month high of $93.18.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be given a $0.10 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Eagle Materials’s dividend payout ratio is presently 7.92%.

In other news, Director Ed H. Bowman, Jr. sold 2,492 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $84.52, for a total transaction of $210,623.84. Following the sale, the director now owns 16,386 shares in the company, valued at approximately $1,384,944.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David B. Powers sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $85.00, for a total value of $1,700,000.00. Following the sale, the director now owns 86,840 shares in the company, valued at approximately $7,381,400. The disclosure for this sale can be found here. Insiders sold a total of 44,452 shares of company stock valued at $3,704,207 over the last quarter. 2.20% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC grew its holdings in shares of Eagle Materials by 18.3% during the 1st quarter. Advisory Services Network LLC now owns 2,851 shares of the construction company’s stock worth $240,000 after purchasing an additional 441 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Eagle Materials by 21.8% during the first quarter. Janus Henderson Group PLC now owns 6,535 shares of the construction company’s stock valued at $551,000 after buying an additional 1,168 shares during the last quarter. Weitz Investment Management Inc. purchased a new position in shares of Eagle Materials during the first quarter valued at approximately $6,618,000. NEXT Financial Group Inc purchased a new position in shares of Eagle Materials during the second quarter valued at approximately $294,000. Finally, Linscomb & Williams Inc. boosted its position in shares of Eagle Materials by 13.4% during the first quarter. Linscomb & Williams Inc. now owns 8,525 shares of the construction company’s stock valued at $719,000 after buying an additional 1,007 shares during the last quarter. Institutional investors own 97.87% of the company’s stock.

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

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