Eagle Materials (NYSE:EXP) Releases Quarterly 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 21.32% and a return on equity of 35.79%.

Eagle Materials Stock Down 0.3 %

Shares of NYSE EXP opened at $257.45 on Wednesday. The company has a market capitalization of $8.63 billion, a P/E ratio of 18.48 and a beta of 1.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The company has a 50 day simple moving average of $267.87 and a 200-day simple moving average of $269.86. Eagle Materials has a 1 year low of $211.44 and a 1 year high of $321.93.

Eagle Materials Announces Dividend

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

Insider Activity at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the business’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 sale, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, 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

EXP has been the subject of several research reports. Truist Financial lifted their price objective 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. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. 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 note on Wednesday, October 30th. Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and lowered their target price for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Finally, Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price target for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Eagle Materials presently has an average rating of “Hold” and an average price target of $300.89.

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.