Eagle Materials (NYSE:EXP) Posts Quarterly Earnings Results, Misses Estimates By $0.38 EPS

Eagle Materials (NYSE:EXP) posted its quarterly earnings data on Wednesday. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38), Zacks reports. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $254.51 on Thursday. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 17.97 and a beta of 1.37. The firm has a fifty day moving average price of $266.95 and a 200 day moving average price of $269.75. Eagle Materials has a fifty-two week low of $211.44 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Insider Buying and Selling at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Ross Stewart sold 3,577 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the sale, the director now owns 1,100 shares in the company, valued at $330,330. This represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,866 shares of company stock worth $5,205,311. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EXP shares. Citigroup cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Truist Financial lifted their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a research report on Monday, November 25th. The Goldman Sachs Group lifted their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials currently has an average rating of “Hold” and an average target price of $300.89.

Eagle Materials Company Profile

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.