Eagle Cash And Short Term Investments vs Common Stock Shares Outstanding Analysis

EXP Stock

USD 256.70 2.77 1.09%

Eagle Materials financial indicator trend analysis is much more than just examining Eagle Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eagle Materials is a good investment. Please check the relationship between Eagle Materials Cash And Short Term Investments and its Common Stock Shares Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

To learn how to invest in Eagle Stock, please use our How to Invest in Eagle Materials guide.

Cash And Short Term Investments vs Common Stock Shares Outstanding

Cash And Short Term Investments vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eagle Materials Cash And Short Term Investments account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Eagle Materials' Cash And Short Term Investments and Common Stock Shares Outstanding is -0.25. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Eagle Materials, assuming nothing else is changed. The correlation between historical values of Eagle Materials' Cash And Short Term Investments and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Eagle Materials are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash And Short Term Investments i.e., Eagle Materials' Cash And Short Term Investments and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Eagle Materials balance sheet. This account contains Eagle Materials investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Eagle Materials fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Eagle Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eagle Materials current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

To learn how to invest in Eagle Stock, please use our How to Invest in Eagle Materials guide.At this time, Eagle Materials' Selling General Administrative is relatively stable compared to the past year. As of 04/28/2024, Tax Provision is likely to grow to about 153.4 M, while Sales General And Administrative To Revenue is likely to drop 0.02.

	2021	2022	2023	2024 (projected)
Gross Profit	519.6M	639.3M	735.2M	771.9M
Total Revenue	1.9B	2.1B	2.5B	2.6B

Gross Profit Total Revenue

Eagle Materials fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Gross	Other Current Assets	Other Assets	Long Term Debt	Common Stock Total Equity
Total Assets		0.93	0.77	0.9	0.71	0.99	0.92	0.93	0.93	0.39	1.0	-0.33	0.39	0.93	-0.81	0.94	0.94	-0.37	0.96	0.97	0.08	0.82	0.07	0.14	0.93	0.23
Short Long Term Debt Total	0.93		0.67	0.76	0.5	0.89	0.99	0.75	0.83	0.44	0.91	-0.16	0.44	0.98	-0.75	0.99	0.8	-0.5	0.99	0.93	-0.09	0.74	-0.1	0.08	1.0	0.04
Other Current Liab	0.77	0.67		0.67	0.8	0.77	0.66	0.79	0.68	0.29	0.77	-0.26	0.29	0.69	-0.68	0.68	0.66	-0.39	0.7	0.73	0.47	0.85	0.42	-0.09	0.69	0.07
Total Current Liabilities	0.9	0.76	0.67		0.7	0.92	0.79	0.89	0.95	0.11	0.92	-0.54	0.11	0.79	-0.71	0.77	0.92	-0.28	0.81	0.79	0.13	0.75	0.02	0.12	0.74	0.25
Total Stockholder Equity	0.71	0.5	0.8	0.7		0.76	0.48	0.81	0.62	0.29	0.71	-0.24	0.29	0.51	-0.62	0.5	0.73	-0.03	0.54	0.69	0.39	0.92	0.41	0.15	0.5	0.43
Property Plant And Equipment Net	0.99	0.89	0.77	0.92	0.76		0.89	0.94	0.93	0.33	0.99	-0.36	0.33	0.9	-0.78	0.9	0.95	-0.31	0.92	0.94	0.15	0.85	0.13	0.15	0.89	0.29
Net Debt	0.92	0.99	0.66	0.79	0.48	0.89		0.75	0.86	0.3	0.92	-0.26	0.3	0.99	-0.76	0.98	0.83	-0.5	0.98	0.9	-0.07	0.72	-0.12	0.05	0.99	0.06
Retained Earnings	0.93	0.75	0.79	0.89	0.81	0.94	0.75		0.87	0.31	0.93	-0.34	0.31	0.77	-0.71	0.76	0.91	-0.4	0.8	0.87	0.28	0.79	0.23	0.1	0.75	0.23
Accounts Payable	0.93	0.83	0.68	0.95	0.62	0.93	0.86	0.87		0.14	0.95	-0.59	0.14	0.86	-0.8	0.86	0.92	-0.36	0.89	0.82	-0.03	0.72	-0.11	0.16	0.83	0.19
Cash	0.39	0.44	0.29	0.11	0.29	0.33	0.3	0.31	0.14		0.34	0.57	1.0	0.28	-0.25	0.45	0.14	-0.2	0.42	0.58	-0.13	0.36	0.06	0.18	0.45	-0.05
Non Current Assets Total	1.0	0.91	0.77	0.92	0.71	0.99	0.92	0.93	0.95	0.34		-0.38	0.34	0.92	-0.82	0.93	0.95	-0.37	0.95	0.95	0.09	0.82	0.06	0.14	0.91	0.24
Non Currrent Assets Other	-0.33	-0.16	-0.26	-0.54	-0.24	-0.36	-0.26	-0.34	-0.59	0.57	-0.38		0.57	-0.28	0.5	-0.22	-0.47	-0.02	-0.26	-0.09	0.0	-0.22	0.16	-0.06	-0.16	-0.27
Cash And Short Term Investments	0.39	0.44	0.29	0.11	0.29	0.33	0.3	0.31	0.14	1.0	0.34	0.57		0.28	-0.25	0.45	0.14	-0.2	0.42	0.58	-0.13	0.36	0.06	0.18	0.45	-0.05
Net Receivables	0.93	0.98	0.69	0.79	0.51	0.9	0.99	0.77	0.86	0.28	0.92	-0.28	0.28		-0.73	0.97	0.86	-0.47	0.97	0.91	-0.01	0.73	-0.07	0.04	0.97	0.06
Common Stock Shares Outstanding	-0.81	-0.75	-0.68	-0.71	-0.62	-0.78	-0.76	-0.71	-0.8	-0.25	-0.82	0.5	-0.25	-0.73		-0.8	-0.77	0.31	-0.81	-0.75	0.07	-0.74	0.03	-0.14	-0.76	-0.39
Non Current Liabilities Total	0.94	0.99	0.68	0.77	0.5	0.9	0.98	0.76	0.86	0.45	0.93	-0.22	0.45	0.97	-0.8		0.82	-0.48	1.0	0.94	-0.11	0.73	-0.12	0.11	0.99	0.07
Inventory	0.94	0.8	0.66	0.92	0.73	0.95	0.83	0.91	0.92	0.14	0.95	-0.47	0.14	0.86	-0.77	0.82		-0.24	0.85	0.87	0.13	0.77	0.1	0.17	0.8	0.38
Other Stockholder Equity	-0.37	-0.5	-0.39	-0.28	-0.03	-0.31	-0.5	-0.4	-0.36	-0.2	-0.37	-0.02	-0.2	-0.47	0.31	-0.48	-0.24		-0.47	-0.36	0.14	-0.2	0.3	0.23	-0.51	0.61
Total Liab	0.96	0.99	0.7	0.81	0.54	0.92	0.98	0.8	0.89	0.42	0.95	-0.26	0.42	0.97	-0.81	1.0	0.85	-0.47		0.94	-0.09	0.75	-0.11	0.11	0.99	0.09
Total Current Assets	0.97	0.93	0.73	0.79	0.69	0.94	0.9	0.87	0.82	0.58	0.95	-0.09	0.58	0.91	-0.75	0.94	0.87	-0.36	0.94		0.06	0.81	0.1	0.15	0.94	0.21
Short Term Debt	0.08	-0.09	0.47	0.13	0.39	0.15	-0.07	0.28	-0.03	-0.13	0.09	0.0	-0.13	-0.01	0.07	-0.11	0.13	0.14	-0.09	0.06		0.2	0.93	-0.26	-0.08	0.23
Property Plant And Equipment Gross	0.82	0.74	0.85	0.75	0.92	0.85	0.72	0.79	0.72	0.36	0.82	-0.22	0.36	0.73	-0.74	0.73	0.77	-0.2	0.75	0.81	0.2		0.21	0.13	0.73	0.31
Other Current Assets	0.07	-0.1	0.42	0.02	0.41	0.13	-0.12	0.23	-0.11	0.06	0.06	0.16	0.06	-0.07	0.03	-0.12	0.1	0.3	-0.11	0.1	0.93	0.21		-0.17	-0.09	0.4
Other Assets	0.14	0.08	-0.09	0.12	0.15	0.15	0.05	0.1	0.16	0.18	0.14	-0.06	0.18	0.04	-0.14	0.11	0.17	0.23	0.11	0.15	-0.26	0.13	-0.17		0.07	0.34
Long Term Debt	0.93	1.0	0.69	0.74	0.5	0.89	0.99	0.75	0.83	0.45	0.91	-0.16	0.45	0.97	-0.76	0.99	0.8	-0.51	0.99	0.94	-0.08	0.73	-0.09	0.07		0.04
Common Stock Total Equity	0.23	0.04	0.07	0.25	0.43	0.29	0.06	0.23	0.19	-0.05	0.24	-0.27	-0.05	0.06	-0.39	0.07	0.38	0.61	0.09	0.21	0.23	0.31	0.4	0.34	0.04

Click cells to compare fundamentals

Eagle Materials Account Relationship Matchups

Eagle Materials fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	2.8B	2.6B	2.8B	3.2B	3.4B
Short Long Term Debt Total	1.6B	1.0B	974.6M	1.1B	1.3B	1.3B
Other Current Liab	73.3M	78.8M	86.8M	86.5M	99.4M	54.5M
Total Current Liabilities	169.7M	169.4M	207.6M	212.9M	244.8M	257.1M
Total Stockholder Equity	967.8M	1.4B	1.1B	1.2B	1.4B	704.3M
Property Plant And Equipment Net	1.8B	1.7B	1.6B	1.7B	1.9B	2.0B
Net Debt	1.5B	751.4M	955.2M	1.1B	1.2B	1.3B
Retained Earnings	960.1M	1.3B	1.1B	1.2B	1.4B	1.4B
Accounts Payable	86.2M	84.2M	113.7M	110.4M	127.0M	133.3M
Cash	118.6M	263.5M	19.4M	15.2M	17.5M	31.7M
Non Current Assets Total	2.3B	2.2B	2.1B	2.3B	2.6B	2.7B
Non Currrent Assets Other	10.6M	15.9M	(204.4M)	(215.3M)	(193.8M)	(184.1M)
Cash And Short Term Investments	118.6M	263.5M	19.4M	15.2M	17.5M	31.7M
Net Receivables	280.2M	150.0M	183.5M	211.3M	243.0M	255.2M
Common Stock Shares Outstanding	42.3M	41.8M	40.9M	37.1M	33.3M	41.9M
Liabilities And Stockholders Equity	3.0B	2.8B	2.6B	2.8B	3.2B	3.4B
Non Current Liabilities Total	1.8B	1.3B	1.2B	1.4B	1.6B	1.7B
Inventory	272.5M	235.7M	236.7M	291.9M	335.7M	352.4M
Other Stockholder Equity	10.9M	62.5M	(3.2M)	(3.5M)	(3.2M)	(3.0M)
Total Liab	2.0B	1.5B	1.4B	1.6B	1.8B	1.9B
Total Current Assets	678.2M	661.7M	442.7M	521.5M	599.7M	629.7M
Short Term Debt	10.2M	6.3M	7.1M	16.0M	18.4M	17.5M
Property Plant And Equipment Gross	1.8B	1.7B	1.6B	1.7B	1.9B	969.9M
Accumulated Other Comprehensive Income	(3.6M)	(3.4M)	(3.2M)	(3.5M)	(4.1M)	(4.3M)
Other Current Assets	6.9M	12.4M	1.2M	3.1M	3.5M	3.3M
Other Assets	19.7M	24.4M	28.0M	14.1M	16.3M	21.2M
Long Term Debt	1.6B	1.0B	938.3M	1.1B	1.2B	1.3B
Common Stock Total Equity	416K	424K	387K	358K	411.7K	425.4K
Common Stock	416K	424K	387K	358K	411.7K	425.4K
Property Plant Equipment	1.8B	1.7B	1.6B	1.7B	1.9B	1.1B
Intangible Assets	64.9M	63.2M	58.8M	85.3M	98.1M	53.1M
Other Liab	125.3M	206.4M	267.3M	300.3M	345.3M	362.6M
Net Tangible Assets	571.4M	966.7M	745.7M	719.7M	827.6M	815.6M
Retained Earnings Total Equity	960.1M	1.3B	1.1B	1.2B	1.4B	992.4M
Long Term Debt Total	1.6B	1.0B	938.3M	1.1B	1.2B	748.0M
Deferred Long Term Liab	166.7M	226.0M	232.4M	236.8M	272.4M	178.4M

Eagle Materials Investors Sentiment

The influence of Eagle Materials' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eagle. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Eagle Materials' public news can be used to forecast risks associated with an investment in Eagle. The trend in average sentiment can be used to explain how an investor holding Eagle can time the market purely based on public headlines and social activities around Eagle Materials. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Eagle Materials' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Eagle Materials' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Eagle Materials' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Eagle Materials.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eagle Materials in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eagle Materials' short interest history, or implied volatility extrapolated from Eagle Materials options trading.

Pair Trading with Eagle Materials

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eagle Materials position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eagle Materials will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eagle Stock

0.9

CRH

CRH PLC ADR

Pair Corr

Moving against Eagle Stock

0.64	RETO	ReTo Eco Solutions Report 6th of May 2024	Pair Corr
0.48	X	United States Steel Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Eagle Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Materials when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eagle Materials - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eagle Materials to buy it.

The correlation of Eagle Materials is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eagle Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Materials moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Eagle Materials can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Eagle Materials is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Eagle Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Eagle Materials Stock. Highlighted below are key reports to facilitate an investment decision about Eagle Materials Stock:

How To Invest In Eagle

Details

Is Eagle Stock a good investment?

Details

What is Eagle Materials' Net Worth?

Details

Largest Construction Materials Companies

View

Largest Building Materials Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

To learn how to invest in Eagle Stock, please use our How to Invest in Eagle Materials guide.

You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Eagle Stock analysis

When running Eagle Materials' price analysis, check to measure Eagle Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eagle Materials is operating at the current time. Most of Eagle Materials' value examination focuses on studying past and present price action to predict the probability of Eagle Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eagle Materials' price. Additionally, you may evaluate how the addition of Eagle Materials to your portfolios can decrease your overall portfolio volatility.

	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Transaction History View history of all your transactions and understand their impact on performance
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals

Is Eagle Materials' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eagle Materials. If investors know Eagle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eagle Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.163

Dividend Share

Earnings Share

14.17

Revenue Per Share

64.117

Quarterly Revenue Growth

0.093

The market value of Eagle Materials is measured differently than its book value, which is the value of Eagle that is recorded on the company's balance sheet. Investors also form their own opinion of Eagle Materials' value that differs from its market value or its book value, called intrinsic value, which is Eagle Materials' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eagle Materials' market value can be influenced by many factors that don't directly affect Eagle Materials' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Eagle Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eagle Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eagle Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Eagle Cash And Short Term Investments vs Common Stock Shares Outstanding Analysis

Cash And Short Term Investments vs Common Stock Shares Outstanding

Cash And Short Term Investments vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Common Stock Shares Outstanding

Eagle Materials fundamental ratios Correlations

Eagle Materials Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eagle Materials fundamental ratios Accounts

Eagle Materials Investors Sentiment

Pair Trading with Eagle Materials

Moving together with Eagle Stock

Moving against Eagle Stock

Complementary Tools for Eagle Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total

Common Stock Shares Outstanding	- 0.82	Non Current Assets Total
Total Liab	- 0.81	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.81	Total Assets
Non Current Liabilities Total	- 0.8	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.8	Accounts Payable
Common Stock Shares Outstanding	- 0.78	Property Plant And Equipment Net