Eagle Materials, Inc. (NYSE:EXP) – DA Davidson cut their Q4 2018 earnings per share (EPS) estimates for shares of Eagle Materials in a report issued on Thursday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $1.09 per share for the quarter, down from their prior estimate of $1.14. DA Davidson also issued estimates for Eagle Materials’ Q1 2019 earnings at $1.54 EPS, Q2 2019 earnings at $1.81 EPS, Q3 2019 earnings at $1.80 EPS, Q4 2019 earnings at $1.35 EPS, FY2019 earnings at $6.49 EPS and FY2020 earnings at $7.54 EPS.

Other analysts also recently issued reports about the company. Stifel Nicolaus cut their target price on Eagle Materials from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup upped their target price on Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $135.00.

Eagle Materials (EXP) traded down $3.49 during trading hours on Friday, hitting $109.33. The stock had a trading volume of 756,375 shares, compared to its average volume of 534,934. The company has a market cap of $5,490.82, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 2.84 and a beta of 1.17. The company has a current ratio of 2.44, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40. Eagle Materials has a 1 year low of $86.51 and a 1 year high of $122.49.

Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $359.40 million during the quarter, compared to the consensus estimate of $364.52 million. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The company’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS.

Institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in Eagle Materials by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 32,626 shares of the construction company’s stock worth $3,015,000 after purchasing an additional 315 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Eagle Materials by 7.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,948 shares of the construction company’s stock worth $734,000 after purchasing an additional 520 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Eagle Materials by 3.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 71,754 shares of the construction company’s stock worth $6,632,000 after purchasing an additional 2,141 shares in the last quarter. Vanguard Group Inc. increased its holdings in Eagle Materials by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,784,382 shares of the construction company’s stock worth $349,753,000 after purchasing an additional 41,784 shares in the last quarter. Finally, Suntrust Banks Inc. increased its holdings in Eagle Materials by 11.4% in the 2nd quarter. Suntrust Banks Inc. now owns 2,718 shares of the construction company’s stock worth $249,000 after purchasing an additional 278 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

In other news, COO Michael Haack sold 6,731 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $115.00, for a total transaction of $774,065.00. Following the completion of the transaction, the chief operating officer now owns 28,136 shares of the company’s stock, valued at approximately $3,235,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gerald J. Essl sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $113.77, for a total value of $1,137,700.00. Following the transaction, the insider now directly owns 24,380 shares of the company’s stock, valued at approximately $2,773,712.60. The disclosure for this sale can be found here. Insiders have sold a total of 61,623 shares of company stock valued at $6,930,994 in the last three months. 4.10% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 12th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.59%.

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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.

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

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