Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessEagle Materials Inc. Faces a Challenging Quarter.

Eagle Materials Inc. Faces a Challenging Quarter.

Add to Favorite
Added to Favorite


Eagle Materials Inc.  reported a decrease in earnings per share (EPS) to $2.24, missing analyst expectations.
Revenue for the quarter was approximately $476.7 million, showing a modest year-over-year growth of 1.4%.
The company announced record fiscal year 2024 revenue of $2.3 billion and a 9% rise in diluted EPS to $13.61.

Eagle Materials Inc. (NYSE:EXP), a key player in the building products, concrete, and aggregates industry, recently disclosed its financial outcomes for the quarter ending March 2024. The company, known for its significant contributions to construction and building materials, faced a challenging quarter, as evidenced by its earnings per share (EPS) and revenue figures. These results are particularly noteworthy as they provide insights into the company’s performance against Wall Street’s expectations and its financial health over the past year.
For the fiscal fourth quarter, EXP reported earnings per share of $2.24, which did not meet the anticipated $2.72 set by analysts. This represents a notable decrease from the previous year’s EPS of $2.79, marking a -17.65% surprise against expectations. Such a decline in EPS is a critical indicator of the company’s profitability challenges during the quarter, despite having outperformed earnings forecasts in the preceding quarter with a positive surprise of 4.49%.
On the revenue front, Eagle Materials reported approximately $476.7 million, slightly missing the Zacks consensus estimate by 0.40%. This figure, however, represents a modest year-over-year growth of 1.4% from $470.13 million, showcasing the company’s ability to increase its revenue despite the market’s tough conditions. It’s important to note that this is only the second time in the last four quarters that the company has not surpassed consensus revenue estimates, highlighting the variability in its financial performance.
For the fiscal year 2024, Eagle Materials announced a record revenue of $2.3 billion, a 5% increase from the previous year, and net earnings of $477.6 million, up by 3%. These figures, along with a 9% rise in diluted earnings per share to $13.61 and a 7% improvement in adjusted EBITDA to $834.5 million, underscore the company’s strong performance over the year. The repurchase of 1.9 million shares, investing $343 million back into the company, further demonstrates Eagle Materials’ commitment to enhancing shareholder value.
In terms of valuation metrics, EXP’s price-to-earnings (P/E) ratio stands at approximately 17.28, indicating the market’s valuation of its earnings. The price-to-sales (P/S) ratio of about 3.69, along with the enterprise value-to-sales (EV/Sales) ratio of roughly 4.17, reflects the company’s market valuation in relation to its sales. Additionally, the enterprise value to operating cash flow (EV/OCF) ratio of approximately 16.74 and an earnings yield of about 5.79% offer insights into the company’s profitability and valuation from an investor’s perspective. The debt-to-equity (D/E) ratio of around 0.84 and a current ratio of approximately 2.62 suggest the company’s financial leverage and liquidity status, respectively. These metrics are crucial for investors to understand Eagle Materials’ financial health and market position.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Datadog, Inc. Leads in Cloud Application Monitoring and Security with App Builder Launch

Datadog's App Builder enhances DevSecOps efficiency by allowing rapid...

TD SYNNEX Earnings Report Preview: Key Insights

Wall Street's expectations for TD SYNNEX are set at...

Barclays Adjusts Humana Inc. Rating and Price Target Amid Legal Challenges

Barclays has updated its rating on Humana Inc. to...

Samsara Started With a Buy Rating at BofA Securities

BofA Securities analysts started coverage on Samsara Inc (NYSE:IOT)...