Brokerages Anticipate Eagle Materials, Inc. (NYSE:EXP) Will Announce Quarterly Sales of $397.39 Million

Equities analysts expect that Eagle Materials, Inc. (NYSE:EXP) will report sales of $397.39 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Eagle Materials’ earnings, with estimates ranging from $378.35 million to $409.00 million. Eagle Materials posted sales of $370.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The company is expected to announce its next earnings report on Tuesday, August 4th.

According to Zacks, analysts expect that Eagle Materials will report full-year sales of $1.48 billion for the current fiscal year, with estimates ranging from $1.39 billion to $1.53 billion. For the next year, analysts expect that the business will report sales of $1.60 billion, with estimates ranging from $1.58 billion to $1.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Eagle Materials.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.87 by $0.41. The business had revenue of $315.40 million for the quarter, compared to the consensus estimate of $283.00 million. Eagle Materials had a net margin of 4.89% and a return on equity of 24.46%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS.

Several analysts have recently commented on EXP shares. SunTrust Banks dropped their price objective on shares of Eagle Materials from $102.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. JPMorgan Chase & Co. raised shares of Eagle Materials from a “neutral” rating to an “overweight” rating and set a $65.00 price objective on the stock in a report on Thursday, April 23rd. Stephens lowered their price target on shares of Eagle Materials from $111.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. Raymond James raised shares of Eagle Materials from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Wednesday, May 20th. Finally, DA Davidson increased their price target on shares of Eagle Materials from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $86.31.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brinker Capital Inc. raised its position in shares of Eagle Materials by 1.0% in the fourth quarter. Brinker Capital Inc. now owns 10,842 shares of the construction company’s stock valued at $983,000 after buying an additional 111 shares during the last quarter. Amalgamated Bank raised its position in shares of Eagle Materials by 2.1% in the fourth quarter. Amalgamated Bank now owns 11,353 shares of the construction company’s stock valued at $1,029,000 after buying an additional 234 shares during the last quarter. Greenwood Capital Associates LLC raised its position in shares of Eagle Materials by 1.6% in the fourth quarter. Greenwood Capital Associates LLC now owns 15,291 shares of the construction company’s stock valued at $1,386,000 after buying an additional 240 shares during the last quarter. Swiss National Bank increased its position in Eagle Materials by 0.4% during the first quarter. Swiss National Bank now owns 80,700 shares of the construction company’s stock worth $4,714,000 after purchasing an additional 300 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Eagle Materials by 4.6% during the first quarter. State of Alaska Department of Revenue now owns 7,159 shares of the construction company’s stock worth $418,000 after purchasing an additional 317 shares during the last quarter. 95.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of EXP stock traded up $0.68 during trading hours on Wednesday, hitting $69.02. The company’s stock had a trading volume of 489,600 shares, compared to its average volume of 421,468. The company has a 50 day moving average of $58.32 and a 200 day moving average of $77.48. The stock has a market cap of $2.74 billion, a PE ratio of 42.42 and a beta of 1.28. The company has a current ratio of 4.00, a quick ratio of 2.39 and a debt-to-equity ratio of 1.71. Eagle Materials has a 12-month low of $41.83 and a 12-month high of $97.10.

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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