Eagle Materials Hold Rating Amid Mixed Signals

Eagle Materials Hold Rating Amid Mixed Signals

Snack-Sized Version:

Eagle Materials has received a consensus ‘Hold’ rating from twelve analysts. Specifically, ten firms recommend holding the stock, while two suggest buying. The average price target is currently $235.20. This neutral stance comes after the company recently missed earnings per share estimates. However, revenue did beat expectations for the quarter. In addition, a company director recently bought 1,000 shares. This insider purchase could signal confidence in the firm’s outlook. Overall, analysts appear cautious on the stock for now.


Analyst Action
FirmAnalyst Consensus (12 Firms)
Price target$235.20 (Average)
RatingHold
RationaleTen analysts rate the stock a ‘hold’ and two rate it a ‘buy’.

Source: Analyst reports; financial news.



Read the Full Meal:

Analysts have assigned Eagle Materials an average rating of ‘Hold.’ The consensus comes from twelve brokerage firms currently covering the company. Specifically, ten analysts have issued a hold rating on the stock. Furthermore, two analysts have assigned a buy rating. The average twelve-month price target stands at $235.20. This cautious view follows the company’s latest earnings report. For instance, Eagle Materials missed EPS estimates but beat on revenue. In other news, a director recently purchased 1,000 shares. Consequently, this insider activity may suggest a positive internal outlook.

Analysts Rate Eagle Materials a ‘Hold’ Amid Mixed Signals

  • Recent Earnings: The company missed EPS estimates of $4.35 with a reported $4.23 in its latest quarter.
  • Revenue Performance: However, quarterly revenue of $638.91 million beat analyst expectations of $635.55 million.
  • Insider Activity: A company director recently purchased 1,000 shares for a total of $208,080.
  • Price Target Adjustments: Several firms, including Truist and Wells Fargo, recently adjusted their price targets on the stock.

Why this can matter for NYSE:EXP holders

  • Valuation Signal: The consensus ‘hold’ rating suggests most analysts believe the stock is fairly valued at current levels.
  • Conflicting Data: However, an insider buy and a revenue beat provide a counterpoint to the recent EPS miss.
  • Investor Sentiment: Therefore, the majority of analysts are not advising new purchases, which signals a cautious stance.

For more details, see EXP SEC filings.

What to watch next

  1. Next Earnings Report: Monitor the company’s next quarterly earnings release for performance updates and new guidance.
  2. Analyst Revisions: Watch for further price target and rating changes from the twelve covering analysts.
  3. Insider Filings: Check SEC filings for any additional insider buying or selling activity by executives.

Mini FAQ

What is the consensus analyst rating for Eagle Materials?
The consensus rating is ‘Hold,’ based on opinions from twelve different analysts.

What is the average price target for EXP stock?
The average 12-month price target among covering brokers is currently $235.20.

Did Eagle Materials beat its last earnings?
The company missed its earnings per share estimate but beat revenue expectations.

See Also

Author

Ed Don

Ed is a writer who is passionate about all financial topics. After starting out in the​ traditional long-form style of online article writing, Ed shifted focus and began contributing snack-sized articles. After the first few articles, Ed's excitement for shorter-length content grew. Today, he's a daily contributor on InvestingSnacks.com.