Eagle Materials Sets New 1-Year Low on Disappointing Earnings

Published on October 30 2015 by ann ma

Eagle Materials share price reached a new 52-week low on Tuesday following a dissappointing earnings announcement, Market Beat.com reports. The company traded as low as $60.94 and last traded at $61.09, with a volume of 1,076,936 shares changing hands. The stock had previously closed at $65.67.
The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by $0.67. The business had revenue of $329 million for the quarter, compared to analysts’ expectations of $345.96 million.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Monday, October 5th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, October 1st.
EXP has been the topic of a number of analyst reports. Zacks raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Stifel Nicolaus restated a “buy” rating and issued a $93.00 price objective (down from $98.00) on shares of Eagle Materials in a research note on Wednesday, August 5th. Finally, Longbow Research cut Eagle Materials from a “buy” rating to a “neutral” rating in a research report on Friday, October 9th.
In other news, EVP James H. Graass sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $82.00, for a total transaction of $123,000.00. Following the completion of the sale, the executive vice president now owns 60,358 shares of the company’s stock, valued at $4,949,356. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
The stock has a market capitalization of $3.14 billion and a price-to-earnings ratio of 16.79. The stock has a 50-day moving average price of $73.19 and a 200-day moving average price of $78.85.
Eagle Materials Inc. produces and distributes gypsum wallboard and also produces and sells cement. Gypsum wallboard is distributed throughout the U.S., in the geographical markets nearest to its production facilities. The Company sells cement in six regional markets, including the greater Chicago area and California, northern Nevada, the Rocky Mountain region, the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business, while its cement company is supported by its concrete and aggregates company. The organization manages five gypsum wallboard plants, six ready-mixed concrete mixing plant, one recycled paperboard plant, concrete batching plants that are seventeen, four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Concrete and Cement and Aggregates, and Gypsum Wallboard and Recycled Paperboard.
Haomei machinery equipment co.,ltd. is located in the famous machinery capital of Zhengzhou, China. We are professional machinery products manufacturer-featuring a wide range of quality HZS90 Concrete Batching Plant Algeria, mobile concrete batching plant, concrete pump, truck mixer, block machine and asphalt mixing plant etc.
Haomei machinery equipment CO., LTD.
Name: ANN MA
Email: ann@haomei.biz
Website: www.haomeibatchplant.com
Office Add: No.14 Waihuan Road, New district, Zhengzhou, China
Tel: +86-371-65621392
Fax:+86-371-86616825

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