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

Eagle Materials Inc (NYSE:EXP) declared a quarterly dividend on Monday, November 10th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.25 per share by the construction company on Monday, January 12th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th.

Eagle Materials has increased its dividend payment by an average of 0.2%per year over the last three years. Eagle Materials has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Eagle Materials to earn $15.75 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 6.3%.

Eagle Materials Price Performance

Shares of EXP opened at $206.73 on Tuesday. Eagle Materials has a twelve month low of $191.91 and a twelve month high of $321.93. The company has a market capitalization of $6.63 billion, a P/E ratio of 15.22 and a beta of 1.31. The firm has a 50 day moving average of $229.37 and a 200 day moving average of $222.50. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The business had revenue of $638.91 million for the quarter, compared to analysts’ expectations of $635.55 million. During the same quarter in the prior year, the business posted $4.31 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXP. Citigroup dropped their price target on Eagle Materials from $255.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. DA Davidson dropped their price objective on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Finally, Loop Capital boosted their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $244.80.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.