Eagle Materials Inc (NYSE:EXP) Announces Quarterly Dividend of $0.25

Eagle Materials Inc (NYSE:EXP) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 15th will be paid a dividend of 0.25 per share by the construction company on Monday, July 20th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, June 15th.

Eagle Materials has raised its dividend payment by an average of 0.2%annually over the last three years. Eagle Materials has a dividend payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Eagle Materials to earn $13.76 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.3%.

Eagle Materials Stock Down 0.1%

Shares of EXP opened at $199.70 on Thursday. The company has a market cap of $6.28 billion, a PE ratio of 15.22 and a beta of 1.38. Eagle Materials has a 52-week low of $171.99 and a 52-week high of $243.64. The business has a fifty day moving average of $196.05 and a 200 day moving average of $210.66. The company has a quick ratio of 2.68, a current ratio of 3.66 and a debt-to-equity ratio of 1.25.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.59 by $0.32. The company had revenue of $479.11 million for the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.00 EPS. On average, sell-side analysts expect that Eagle Materials will post 12.5 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on EXP shares. Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. DA Davidson cut their price target on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Stephens cut their price target on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Citigroup cut their price target on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $224.00.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.