Eagle Materials (EXP) Releases Earnings Results, Beats Expectations By $0.16 EPS

Eagle Materials (EXP) reported quarterly earnings results on Wednesday, May-18-2016. The company said it had a profit of $0.80 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $0.64. The company posted revenue of $252.10 million in the period, compared to analysts expectations of $225.98 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Eagle Materials. BB&T Capital Mkts Upgraded Eagle Materials on Mar 28, 2016 to ” Buy”, Price Target of the shares are set at $80.Standpoint Research Initiated Eagle Materials on Mar 28, 2016 to “Accumulate”, Price Target of the shares are set at $91.

Eagle Materials opened for trading at $76.56 and hit $77.81 on the upside on Monday, eventually ending the session at $76.46, with a gain of 0.67% or 0.51 points. The heightened volatility saw the trading volume jump to 3,58,867 shares. Company has a market cap of $3,770 M.

In a different news, on Sep 9, 2015, James H Graass (EVP & General Counsel) sold 1,500 shares at $82.00 per share price. According to the SEC, on Jun 19, 2015, William R Devlin (SVP, Controller) sold 924 shares at $78.68 per share price.

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.

Eagle Materials

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