Eagle Materials (EXP) was Downgraded by Standpoint Research to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Standpoint Research advised their investors in a research report released on Jul 22, 2016.
On the company’s financial health, Eagle Materials reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.64. The company had revenue of $252.10 million for the quarter, 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.
Eagle Materials opened for trading at $80.07 and hit $84.09 on the upside on Wednesday, eventually ending the session at $83.52, with a gain of 4.31% or 3.45 points. The heightened volatility saw the trading volume jump to 16,22,735 shares. Company has a market cap of $4,033 M.
In a different news, on Jun 30, 2016, Richard Ross Stewart (director) sold 10,888 shares at $72.84 per share price. According to the SEC, on May 27, 2016, Dale Craig Kesler (EVP and CFO) sold 32,184 shares at $79.64 per share price. On Sep 9, 2015, James H Graass (EVP & General Counsel) sold 1,500 shares at $82.00 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.