Citi cut target for Eagle Materials stock from USD 232 to USD 190

Published on 10/08/2026 at 14:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal Q1 revenue rose 2.60 percent to USD 650.97 million. Eagle Materials stock stood at EUR 149.50 on October 8, 2026, unchanged from EUR 149.50.

EXP, US26969P1084, Illustration mit AI erstellt.

Eagle Materials (ISIN US26969P1084) was at EUR 149.50 at Lang & Schwarz on October 8, 2026 at 2:01 p.m. CEST, unchanged from its EUR 149.50 prior close. Markets Insider reported that Citi cut its Eagle Materials target from USD 232.00 to USD 190.00 on October 2, 2026. For investors, the contrast is clear: the latest operating report showed revenue growth, but pressure on earnings and construction-material costs remains central.

Three dates define the reset

On July 29, 2026, Eagle Materials reported fiscal first-quarter revenue of USD 650.97 million, up 2.60 percent year over year, while earnings per share came in at USD 3.29 against USD 3.37 consensus. MarketBeat reported the results and the comparison. On September 9, 2026, Wells Fargo cut its target from USD 231.00 to USD 196.00 and downgraded the shares from Overweight to Equal Weight, according to Markets Insider. Citi's October 2, 2026 cut to USD 190.00 is the latest of the three events.

What did the quarter reveal?

The quarter delivered a quantified split between demand and profitability. Revenue exceeded the USD 620.35 million consensus by USD 30.62 million, yet earnings per share missed by USD 0.08, and the prior-year figure was USD 3.76, according to MarketBeat. The company profile covers cement, concrete and aggregates, gypsum wallboard and recycled paperboard, leaving margins exposed to freight, energy and maintenance costs across several product lines.

That operating tension helps explain the valuation reset. Eagle Materials had a USD 5.1 billion market capitalization as of October 8, 2026, while its primary exchange was the NYSE and its October 7, 2026 close was USD 167.50. The same quote page reported a USD 165.30 to USD 245.53 52-week range, placing the primary-exchange close near the lower end of that span.

Dividend and earnings dates

MarketBeat reported a USD 0.25 quarterly dividend payable on October 13, 2026, to shareholders of record on September 14, 2026. The same source listed October 29, 2026 as the estimated date for the next quarterly earnings report, giving the next results announcement a defined calendar marker.

Stock holds at EUR 149.50

Eagle Materials was trading at EUR 149.50 at Lang & Schwarz on October 8, 2026 at 2:01 p.m. CEST, unchanged versus the Lang & Schwarz prior close of EUR 149.50. The primary exchange context was a USD 167.50 NYSE close on October 7, 2026, while the latest analyst target cited here was USD 190.00. The further course of trading is shown by the continuously updated real-time quote of Eagle Materials stock.