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In a challenging market environment, Eagle Materials Inc (NYSE:EXP). stock has touched a 52-week low, reaching a price level of $211.22. According to InvestingPro data, the company maintains a solid financial health rating of GOOD, with analyst price targets ranging from $242 to $330. This downturn reflects a broader trend for the company, which has seen a significant decrease over the past year, with a 1-year change showing a decline of 17.07%. Despite the recent pressure, the company trades at a P/E ratio of 15.69x and has maintained dividend payments for 22 consecutive years. Investors are closely monitoring the stock as it navigates through market pressures, with the 52-week low marking a critical point of interest for potential buyers looking for value or current shareholders considering their position. InvestingPro subscribers can access 10+ additional insights and a comprehensive Pro Research Report for deeper analysis of Eagle Materials’ current position.
In other recent news, Eagle Materials Inc. reported its Q3 FY2025 earnings, revealing a slight miss in both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $3.56, below the expected $3.96, and reported revenue of $558 million, falling short of the anticipated $578.32 million. Weather conditions have impacted the company’s operations, with a 7% year-over-year decline in cement volumes due to unfavorable conditions. Despite this, Eagle Materials has implemented price hikes for both cement and wallboard, with cement prices showing a 4% increase year-over-year in the fourth quarter.
Additionally, Eagle Materials secured a new $300 million term loan to enhance its financial flexibility, refinancing its existing $200 million term loan facility. The company also established a new senior unsecured revolving credit facility totaling $750 million, set to mature in 2030. Eagle Materials has been active in acquisitions, recently purchasing Bullskin Stone & Lime for approximately $153 million, which is expected to contribute an estimated $12-13 million in EBITDA. Analyst firms Stifel and Citi have maintained a neutral stance on Eagle Materials, with Stifel issuing a Hold rating and a price target of $242, while Citi set a price target of $279.
These developments reflect the company’s strategic financial maneuvers and operational adjustments amid challenging conditions.
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