Eagle Materials reports Q2 FY2027 revenue beat and sees price target raised to $200
Eagle Materials Inc. posted record second‑quarter fiscal 2027 revenue of $652.7 million, surpassing Wall Street estimates. The company announced cement price increases of $10‑$15 per ton and highlighted higher diesel and freight costs that pressured earnings. Stephens upgraded its price target to $200 from $190, while the firm maintained a neutral rating. Eagle also disclosed $250 million of capital spending in the first half of the year and a cash balance of $241 million at quarter‑end.
Why it matters
The higher price target reflects analyst confidence in the revenue beat and upcoming cement price hikes, which could support the stock’s valuation. The strong cash position and ongoing capital projects indicate the company’s capacity to fund growth and potential acquisitions.
Key facts
- 1Revenue for the quarter was $652.7 million, beating the estimate of $635.03 million. investing.com
- 2Earnings per share were $3.63, below the projected $3.91. investing.com
- 3Wallboard volume rose 7.4% year over year. investing.com
- 4Cement price increases range from about $10 to $15 per ton, effective Jan. 1 2027. finance.yahoo.com
- 5Light materials revenue rose 2% to $216 million. finance.yahoo.com
- 6Operating earnings in the light‑materials segment fell 13% to $68 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.