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

Eagle Materials (NYSE:EXP) issued its earnings results on Wednesday. The construction company reported $3.59 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38), Zacks reports. Eagle Materials had a net margin of 20.91% and a return on equity of 34.97%.

Eagle Materials Stock Performance

Shares of EXP opened at $259.48 on Friday. The firm’s 50 day moving average price is $265.95 and its two-hundred day moving average price is $269.68. 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 has a twelve month low of $211.44 and a twelve month high of $321.93. The firm has a market cap of $8.70 billion, a P/E ratio of 18.53 and a beta of 1.37.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio is presently 7.14%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Citigroup lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and reduced their target price for the company from $330.00 to $310.00 in a report on Monday, December 16th. Finally, DA Davidson reduced their price target on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus price target of $296.80.

Insider Buying and Selling

In other news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the transaction, the chief executive officer now owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock worth $5,205,311 over the last ninety days. Company insiders own 1.60% of the company’s stock.

About Eagle Materials

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.