Media coverage about Eagle Materials (NYSE:EXP) has been trending positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Eagle Materials earned a news sentiment score of 0.29 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 46.1737529340471 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Eagle Materials (EXP) opened at 93.73 on Tuesday. Eagle Materials has a 52-week low of $73.27 and a 52-week high of $110.64. The firm’s 50-day moving average is $95.63 and its 200-day moving average is $99.04. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 22.86 and a beta of 1.23.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, May 18th. The construction company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.03. The business had revenue of $278.60 million during the quarter, compared to the consensus estimate of $271.18 million. Eagle Materials had a return on equity of 18.07% and a net margin of 16.36%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. Analysts predict that Eagle Materials will post $5.40 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Wednesday, June 21st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, June 19th. Eagle Materials’s payout ratio is currently 9.76%.
A number of analysts recently commented on EXP shares. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Thursday, June 1st. Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Eagle Materials has an average rating of “Buy” and an average price target of $102.00.
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In other news, CEO David B. Powers sold 11,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $99.03, for a total value of $1,089,330.00. Following the completion of the sale, the chief executive officer now directly owns 73,400 shares of the company’s stock, valued at $7,268,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James H. Graass sold 10,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $101.00, for a total value of $1,010,000.00. Following the completion of the sale, the executive vice president now directly owns 69,653 shares of the company’s stock, valued at $7,034,953. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by corporate insiders.
About Eagle Materials
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.
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