Eagle Materials (Nyse: Exp) Was Downgraded

Eagle Materials (NYSE: EXP) was downgraded by research analysts at Sterne Agee from a "buy" rating to a "neutral" rating in a report released on Monday."

Eagle Materials opened at 71.57 on Monday. Eagle Materials has a 1-year low of $29.64 and a 1-year high of $72.31. The stock s 50-day moving average is currently $65.54. The company has a market cap of $3.533 billion and a price-to-earnings ratio of 56.18.

Eagle Materials last announced its earnings results on Wednesday, February 6th. The company reported $0.43 earnings per share for the quarter, missing the analysts consensus estimate of $0.44 by $0.01. The company had revenue of $164.70 million for the quarter, compared to the consensus estimate of $154.78 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company s revenue for the quarter was up 33.3% on a year-over-year basis. Analysts expect that Eagle Materials will post $1.65 EPS for the current fiscal year.

A number of other firms have also recently commented on EXP. Analysts at Zacks downgraded shares of Eagle Materials from an "outperform" rating to a "neutral" rating in a research note to investors on Monday, February 11th. They now have a $70.50 price target "n the stock. Analysts at DA Davidson reiterated a "neutral" rating on shares of Eagle Materials in a research note to investors on Monday, January 14th. They now have a $70.00 price target on the stock, up previously from $50.00."

Two analysts have rated the stock with a buy rating, and eight have assigned a hold rating to the stock. The company presently has an average rating of "hold" and an average price target of $67.60.

The company also recently announced a quarterly dividend, which is scheduled for Friday, May 3rd. Investors of record on Monday, April 8th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, April 4th.

Eagle Materials Inc. (EXP) is engaged in manufacture and distribution of gypsum wallboard, and the manufacture and sale of cement.