Eagle Materials Inc (NYSE:EXP) Declares $0.25 Quarterly Dividend

Eagle Materials Inc (NYSE:EXP) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.25 per share by the construction company on Monday, July 20th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, June 15th.

Eagle Materials has raised its dividend payment by an average of 0.2%per year over the last three years. Eagle Materials has a dividend payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eagle Materials to earn $13.76 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.3%.

Eagle Materials Trading Down 0.1%

Shares of Eagle Materials stock opened at $199.70 on Thursday. The business has a fifty day simple moving average of $196.05 and a two-hundred day simple moving average of $210.66. Eagle Materials has a 1 year low of $171.99 and a 1 year high of $243.64. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 15.22 and a beta of 1.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.66 and a quick ratio of 2.68.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.32. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The business had revenue of $479.11 million during the quarter, compared to the consensus estimate of $451.99 million. During the same quarter last year, the firm posted $2.00 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts forecast that Eagle Materials will post 12.5 EPS for the current year.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.