Eagle Materials (EXP) was Upgraded by Standpoint Research to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Standpoint Research advised their investors in a research report released on Oct 4, 2016.
Many Wall Street Analysts have commented on Eagle Materials. Company shares were Reiterated by DA Davidson on Jul 26, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $92 .Eagle Materials was Downgraded by CL King to ” Neutral” on Jul 26, 2016. Eagle Materials was Downgraded by Standpoint Research to ” Hold” on Jul 22, 2016.
On the company’s financial health, Eagle Materials reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.85. The company had revenue of $297.50 million for the quarter, compared to analysts expectations of $296.34 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
Eagle Materials closed down -1.02 points or -1.30% at $77.3 with 7,36,029 shares getting traded on Friday. Post opening the session at $77.98, the shares hit an intraday low of $76.8 and an intraday high of $78.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on Aug 8, 2016, Eagle Materials announced a cash dividend of $0.1000. The company’s management has announced Oct 5, 2016 as the ex-dividend date and fixed the record date on Oct 7, 2016. The payable date has been fixed on Nov 10, 2016.
In a different news, on Aug 1, 2016, F William Barnett (director) sold 16,221 shares at $85.77 per share price. According to the SEC, on Aug 1, 2016, Robert S Stewart (EVP-Strategy & Corp. Develop.) sold 12,098 shares at $85.08 per share price. On Jun 30, 2016, Richard Ross Stewart (director) sold 10,888 shares at $72.84 per share price, according to the Form-4 filing with the securities and exchange commission.
Eagle Materials Inc. manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets including northern Nevada and California the greater Chicago area the Rocky Mountain region the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business while its cement business is supported by its concrete and aggregates business. The Company operates six cement plants five gypsum wallboard plants one recycled paperboard plant seventeen concrete batching plants four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Cement and Concrete and Aggregates and Gypsum Wallboard and Recycled Paperboard.