How did Eagle Materials Inc. (EXP) surprise investors with its report?

Currently, Eagle Materials Inc. [EXP] is trading at $134.34, down -0.16%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EXP shares have gain 4.33% over the last week, with a monthly amount glided 9.57%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

On 8, November 2022, Eagle Materials Declares Quarterly Dividend. In a post published today on Yahoo Finance, The Board of Directors of Eagle Materials Inc. (NYSE: EXP) has declared a quarterly cash dividend of $0.25 per share, payable on January 12, 2023, to stockholders of record of its Common Stock at the close of business on December 16, 2022.

From an analyst’s perspective:

Previously, JP Morgan downgraded its rating to Neutral on July 20, 2022, and dropped its price target to $130. On January 10, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $193 on the stock. Loop Capital downgraded its rating to a Hold but stick to its price target of $170 on December 03, 2021. Exane BNP Paribas downgraded its rating to a Neutral but $159.50 remained the price target by the analyst firm on October 19, 2021. Berenberg upgraded its rating to Buy for this stock on August 30, 2021. In a note dated May 10, 2021, Jefferies upgraded an Buy rating on this stock and boosted its target price from $145 to $170.

This stock has fluctuated between a low of $101.98 and a high of $169.15 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $146.50 within the next 12 months. Eagle Materials Inc. [NYSE: EXP] shares were valued at $134.34 at the most recent close of the market. An investor can expect a potential return of 9.05% based on the average EXP price forecast.

Analyzing the EXP fundamentals

Recent quarter sales for Eagle Materials Inc. [NYSE:EXP] were 605.07 billion which represents 18.70% growth. Gross Margin for this corporation currently stands at +27.91% with Operating Margin at +25.40%, Pretax Margin comes in at +25.52%, and Net Margin reading is +20.10%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 133.72 points at the first support level, and at 133.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.24, and for the 2nd resistance point, it is at 136.15.

Eagle Materials Inc. [EXP] reported earnings per share of $3.86 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.57/share, meaning a difference of $0.29 and a surprise factor of 8.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $2.82 per share as compared to estimates of $2.81 per share, a difference of $0.01 representing a surprise of 0.40%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Eagle Materials Inc. [NYSE:EXP] is 2.50. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 2.82, the price to book ratio is 4.38 and the P/E (TTM) ratio is 12.33.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 1 insider buyings of 9 shares and 0 insider sellings of 0 shares. Recent insider trading involved BOWMAN ED H JR, Director, that happened on Jun 17 when 1828.0 shares were sold. EVP & General Counsel, Graass James H completed a deal on Jun 01 to sell 2856.0 shares. Meanwhile, EVP & General Counsel Graass James H sold 5711.0 shares on May 24.