Eagle Materials (EXP) to Release Quarterly Earnings on Thursday

Eagle Materials (NYSE:EXPGet Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 19th. Analysts expect Eagle Materials to post earnings of $1.77 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Shares of NYSE:EXP opened at $115.90 on Thursday. The firm’s 50 day moving average price is $127.38 and its 200-day moving average price is $144.31. Eagle Materials has a twelve month low of $115.44 and a twelve month high of $169.15. The company has a quick ratio of 1.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $4.58 billion, a PE ratio of 13.17 and a beta of 1.24.

Several institutional investors have recently added to or reduced their stakes in EXP. Morgan Stanley raised its position in shares of Eagle Materials by 154.0% during the second quarter. Morgan Stanley now owns 183,038 shares of the construction company’s stock valued at $26,012,000 after buying an additional 110,972 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Eagle Materials by 29.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 176,233 shares of the construction company’s stock valued at $29,336,000 after purchasing an additional 40,375 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Eagle Materials by 5.4% in the fourth quarter. Parametric Portfolio Associates LLC now owns 73,887 shares of the construction company’s stock valued at $12,299,000 after purchasing an additional 3,814 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Eagle Materials in the fourth quarter valued at $451,000. Finally, Synovus Financial Corp purchased a new position in shares of Eagle Materials in the fourth quarter valued at $236,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

A number of equities research analysts have commented on the stock. Loop Capital decreased their target price on shares of Eagle Materials from $170.00 to $155.00 in a research note on Friday, January 28th. Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. The Goldman Sachs Group raised their target price on shares of Eagle Materials from $181.00 to $190.00 in a research note on Thursday, January 27th. Citigroup decreased their target price on shares of Eagle Materials from $194.00 to $175.00 in a research note on Friday, January 28th. Finally, DA Davidson decreased their target price on shares of Eagle Materials from $170.00 to $160.00 in a research note on Friday, January 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Eagle Materials presently has an average rating of “Hold” and a consensus target price of $170.27.

Eagle Materials Company Profile (Get Rating)

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 for Eagle Materials (NYSE:EXP)

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