Eagle Materials, Inc. : StockCall Scrutinizes CEMEX and Eagle Materials: Cement Stocks Move Up on Improved Construction Scene
02/26/2013| 08:05am US/Eastern
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LONDON, February 26, 2013 /PRNewswire/ --
Uptick in construction sector provided a boost to a wide range of industrial segments.
Construction material segment is one such sub-sector to profit from the improvement. The
companies in the sector reported good results and provided healthy outlook. However, some
companies like CEMEX S.A.B. de C.V. (NYSE: CX) are still struggling to generate profits.
At the very same time, its stock has performed well in the market. Eagle Materials Inc.
(NYSE: EXP) stock also scaled new high prices in the stock market, on the back of robust
financial numbers. StockCall reviewed the solar industry and chose CEMEX S.A.B. and Eagle
Materials for its technical coverage. These free reports can be seen for free at
http://www.stockcall.com/signup
Eagle Materials Inc. Attracts Hedge Fund Interest
Eagle Materials recently touched its 52-week price. The company also reported its
quarterly results and reported its revenue at $164.7 million, up 33 percent. Its Earnings
per share stood at 43 cents per share, up 115 percent. Eagle Materials also posted higher
sales volume for all its segments. Register for today's free analysis on Eagle Materials
Inc. at
http://www.StockCall.com/EXP022613.pdf
Its stock is up 95 percent in the past one year and is getting lapped up by hedge
funds. Millennium Management, run by Israel Englander, owns stake in the company. The
Vanguard Group and BlackRock Fund Advisors also hold interest in the company. Insiders are
also buying the shares as its Director Laurence E. Hirsch purchased 667K shares of the
company. Insider and institutional buying are good signs for any stock as these display
confidence in the future performance of the stock.
Eagle Materials stands to benefit from the recovery in construction sector. The
increase in demand is also expected to convert in to higher sales price, adding to the
company's top-line. The company deals in a wide range of building construction materials
like cement, gypsum, concrete and paperboard. The company stock trades at Price/Earnings
ratio of 47.58. It also has robust balance.
Cemex S.A.B. de C.V. Touches New 52-Week High
Cemex announced its fourth quarter income at -$0.43, lagging behind the consensus
estimate of -$0.09 per share. Its revenue of $3.71 billion also slightly missed analysts'
expectations of $3.72 billion in revenue. The company also improved its gross and net
margin while its operating margin declined. For its first quarter, the company expects its
revenue to be at $3.56 billion while its EPS is pegged at -$0.08. Download the free
research on CEMEX S.A.B. de C.V. by signing up now at
http://www.StockCall.com/CX022613.pdf
Cemex's stock responded well to the results and touched its new 52-week high price.
The company holds a leadership position in ready mix concrete segment. It faces weak
prospects in Europe but the improvement in construction segment in the U.S. is a good
sign. However, in order to control its losses, the company is taking steps to curtail its
costs. Cemex announced 79 job cuts in two of its facilities in West Palm Beach. The
company will keep running the plants. It is also planning to carry out job cuts in Spain.
Cemex stock is up 44 percent in the past 52 weeks and the company's cost-cutting plans
are expected to pay off in the near future.
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SOURCE StockCall.com
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