Eagle Materials Inc. stock declines amid market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Should l Buy EXP?
Eagle Materials Inc. shares fell by 5.01% as the stock crossed below its 20-day SMA, reflecting a challenging trading environment.
The decline in Eagle Materials' stock price is attributed to broad market weakness, with both the Nasdaq-100 and S&P 500 experiencing significant losses of 0.90% and 0.88%, respectively. This market trend has led to a sector rotation, impacting the performance of construction materials companies like Eagle Materials.
Investors are advised to monitor the overall market conditions closely, as continued weakness could further affect stock performance in the sector.
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Analyst Views on EXP
Wall Street analysts forecast EXP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXP is 231.29 USD with a low forecast of 210.00 USD and a high forecast of 251.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
1 Buy
6 Hold
0 Sell
Hold
Current: 223.220
Low
210.00
Averages
231.29
High
251.00
Current: 223.220
Low
210.00
Averages
231.29
High
251.00
About EXP
Eagle Materials Inc. is a manufacturer of heavy construction materials and light building materials in the United States. Its primary products are Portland Cement and Gypsum Wallboard, which are used in building, expanding and repairing roads, highways and residential, commercial and industrial structures. Its segments include Cement; Concrete and Aggregates segments; Gypsum Wallboard, and Recycled Paperboard. Its business is organized into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments; and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments. It manufactures and sells its products through a network of approximately 70 facilities spanning 21 states. It operates approximately eight cement plants, two slag grinding facilities and 30 cement distribution terminals. It operates over 25 ready-mix concrete batch plants, seven aggregate processing plants, five gypsum wallboard plants and a recycled paperboard mill.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Eagle Materials EXP Q3 2025 Earnings Transcript
See More
Eagle Materials Reports Strong Q3 2026 Earnings Amid Mixed Market Conditions
- Solid Financial Performance: Eagle Materials reported $556 million in revenue and $3.22 earnings per share for Q3 2026, reflecting resilience despite a slight decline from the previous year amid mixed construction conditions.
- Capital Expenditure Plans: Management expects total capital spending for fiscal 2026 to range between $430 million and $450 million, primarily for the modernization and expansion of the Laramie, Wyoming Cement plant and Duke, Oklahoma Wallboard plant, indicating a commitment to future growth.
- Waste-to-Revenue Strategy: CEO Haack emphasized several initiatives aimed at converting waste streams into revenue streams, further solidifying the company's position as a low-cost producer, which is expected to enhance overall profitability.
- Shareholder Returns: In Q3, Eagle Materials returned nearly $150 million to shareholders through dividends and share repurchases, buying back approximately 648,000 shares, demonstrating the company's commitment to shareholder value.
See More
Eagle Materials Q3 Earnings Beat Expectations Despite EPS Miss
- Revenue Performance: Eagle Materials reported Q3 revenue of $556 million, a slight decline of 0.4% year-over-year, yet it exceeded market expectations by $1.1 million, indicating resilience in a competitive market environment.
- Earnings Per Share: The GAAP EPS of $3.22 fell short of expectations by $0.18, reflecting the impact of cost pressures on profitability despite the revenue beat.
- Net Earnings and Adjusted EBITDA: Net earnings stood at $102.9 million with adjusted EBITDA at $190.1 million, demonstrating the company's efforts in cost control and operational efficiency, even amidst revenue challenges.
- Share Repurchase: The company repurchased approximately 648,000 shares of its common stock for $142.6 million, showcasing management's confidence in the long-term value of the company while potentially providing additional returns to shareholders.
See More
Eagle Materials Reports Decreased Q3 Earnings Missing Estimates
- Earnings Decline: Eagle Materials reported third-quarter earnings of $102.903 million, or $3.22 per share, down from $119.574 million and $3.56 per share last year, indicating a weakening in profitability.
- Slight Revenue Drop: The company's revenue for the quarter was $555.956 million, a 0.4% decrease from $558.025 million last year, reflecting soft market demand and increased competition.
- Missed Analyst Expectations: Although adjusted earnings were reported at $3.22 per share, analysts had expected $3.38 per share, failing to meet market expectations, which could negatively impact investor confidence.
- Minor Stock Fluctuation: In pre-market trading on the New York Stock Exchange, EXP shares rose by 0.04% to $217.92, indicating cautious optimism in the market regarding the company's future performance.
See More
Eagle Materials Reports Strong Q3 Fiscal 2026 Results
- Revenue Growth: Eagle Materials reported revenue of $556 million for Q3, an 11% increase year-over-year, primarily driven by higher sales volumes of cement and aggregates, indicating strong demand in the infrastructure construction sector.
- Net Profit Performance: The company achieved net earnings of $102.9 million with earnings per share of $3.22, demonstrating robust profitability despite challenges in the residential construction market, supported by elevated public infrastructure spending.
- Shareholder Returns: During the quarter, Eagle repurchased approximately 648,000 shares for $142.6 million and returned nearly $150 million to shareholders through quarterly cash dividends, reflecting the company's commitment to shareholder value and financial health.
- Debt Management: Eagle issued $750 million in 10-year senior notes at a 5.00% interest rate, which not only extended the maturity schedule of its debt but also enhanced liquidity, providing flexibility for future capital allocation.
See More
Eagle Materials to Announce Q3 Earnings on January 29
- Earnings Announcement Date: Eagle Materials is set to announce its Q3 earnings on January 29 before market open, with a consensus EPS estimate of $3.39, reflecting a 5.6% year-over-year decline, indicating potential profitability challenges.
- Revenue Expectations: The revenue estimate for Q3 stands at $554.9 million, down 0.6% year-over-year, suggesting weak growth in market demand that could impact the company's overall financial performance.
- Historical Performance Review: Over the past two years, Eagle Materials has only beaten EPS estimates 38% of the time and revenue estimates 25% of the time, indicating volatility in the company's profitability.
- Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS estimates and 10 downward revisions, while revenue estimates saw 1 upward revision and 11 downward revisions, reflecting analysts' cautious outlook on the company's future performance.
See More
Eagle Materials EXP Q3 2025 Earnings Transcript
See More
Eagle Materials Reports Strong Q3 2026 Earnings Amid Mixed Market Conditions
- Solid Financial Performance: Eagle Materials reported $556 million in revenue and $3.22 earnings per share for Q3 2026, reflecting resilience despite a slight decline from the previous year amid mixed construction conditions.
- Capital Expenditure Plans: Management expects total capital spending for fiscal 2026 to range between $430 million and $450 million, primarily for the modernization and expansion of the Laramie, Wyoming Cement plant and Duke, Oklahoma Wallboard plant, indicating a commitment to future growth.
- Waste-to-Revenue Strategy: CEO Haack emphasized several initiatives aimed at converting waste streams into revenue streams, further solidifying the company's position as a low-cost producer, which is expected to enhance overall profitability.
- Shareholder Returns: In Q3, Eagle Materials returned nearly $150 million to shareholders through dividends and share repurchases, buying back approximately 648,000 shares, demonstrating the company's commitment to shareholder value.
See More
Eagle Materials Q3 Earnings Beat Expectations Despite EPS Miss
- Revenue Performance: Eagle Materials reported Q3 revenue of $556 million, a slight decline of 0.4% year-over-year, yet it exceeded market expectations by $1.1 million, indicating resilience in a competitive market environment.
- Earnings Per Share: The GAAP EPS of $3.22 fell short of expectations by $0.18, reflecting the impact of cost pressures on profitability despite the revenue beat.
- Net Earnings and Adjusted EBITDA: Net earnings stood at $102.9 million with adjusted EBITDA at $190.1 million, demonstrating the company's efforts in cost control and operational efficiency, even amidst revenue challenges.
- Share Repurchase: The company repurchased approximately 648,000 shares of its common stock for $142.6 million, showcasing management's confidence in the long-term value of the company while potentially providing additional returns to shareholders.
See More
Eagle Materials Reports Decreased Q3 Earnings Missing Estimates
- Earnings Decline: Eagle Materials reported third-quarter earnings of $102.903 million, or $3.22 per share, down from $119.574 million and $3.56 per share last year, indicating a weakening in profitability.
- Slight Revenue Drop: The company's revenue for the quarter was $555.956 million, a 0.4% decrease from $558.025 million last year, reflecting soft market demand and increased competition.
- Missed Analyst Expectations: Although adjusted earnings were reported at $3.22 per share, analysts had expected $3.38 per share, failing to meet market expectations, which could negatively impact investor confidence.
- Minor Stock Fluctuation: In pre-market trading on the New York Stock Exchange, EXP shares rose by 0.04% to $217.92, indicating cautious optimism in the market regarding the company's future performance.
See More
Eagle Materials Reports Strong Q3 Fiscal 2026 Results
- Revenue Growth: Eagle Materials reported revenue of $556 million for Q3, an 11% increase year-over-year, primarily driven by higher sales volumes of cement and aggregates, indicating strong demand in the infrastructure construction sector.
- Net Profit Performance: The company achieved net earnings of $102.9 million with earnings per share of $3.22, demonstrating robust profitability despite challenges in the residential construction market, supported by elevated public infrastructure spending.
- Shareholder Returns: During the quarter, Eagle repurchased approximately 648,000 shares for $142.6 million and returned nearly $150 million to shareholders through quarterly cash dividends, reflecting the company's commitment to shareholder value and financial health.
- Debt Management: Eagle issued $750 million in 10-year senior notes at a 5.00% interest rate, which not only extended the maturity schedule of its debt but also enhanced liquidity, providing flexibility for future capital allocation.
See More
Eagle Materials to Announce Q3 Earnings on January 29
- Earnings Announcement Date: Eagle Materials is set to announce its Q3 earnings on January 29 before market open, with a consensus EPS estimate of $3.39, reflecting a 5.6% year-over-year decline, indicating potential profitability challenges.
- Revenue Expectations: The revenue estimate for Q3 stands at $554.9 million, down 0.6% year-over-year, suggesting weak growth in market demand that could impact the company's overall financial performance.
- Historical Performance Review: Over the past two years, Eagle Materials has only beaten EPS estimates 38% of the time and revenue estimates 25% of the time, indicating volatility in the company's profitability.
- Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS estimates and 10 downward revisions, while revenue estimates saw 1 upward revision and 11 downward revisions, reflecting analysts' cautious outlook on the company's future performance.
See More
