Eagle Materials, Inc. (NYSE:EXP) announced a quarterly dividend on Tuesday, May 21st, Wall Street Journal reports. Stockholders of record on Friday, June 21st will be paid a dividend of 0.10 per share by the construction company on Friday, July 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, June 20th.
Eagle Materials has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eagle Materials to earn $5.85 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.8%.
Shares of Eagle Materials stock traded up $0.99 during midday trading on Tuesday, hitting $91.25. The company had a trading volume of 361,700 shares, compared to its average volume of 719,436. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.96 and a beta of 1.36. The company has a current ratio of 2.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.54. Eagle Materials has a 1-year low of $57.00 and a 1-year high of $115.75.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, May 16th. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. The business had revenue of $284.70 million for the quarter, compared to the consensus estimate of $278.70 million. Eagle Materials had a net margin of 4.94% and a return on equity of 17.82%. Eagle Materials’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. As a group, research analysts forecast that Eagle Materials will post 5.51 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on EXP. Citigroup raised their price objective on shares of Eagle Materials from $101.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James raised their price objective on shares of Eagle Materials from $95.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday. Zacks Investment Research upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Friday. TheStreet downgraded shares of Eagle Materials from a “b” rating to a “c+” rating in a research note on Friday. Finally, ValuEngine upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, March 30th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Eagle Materials has an average rating of “Buy” and an average price target of $104.95.
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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