Eagle Materials Inc. announced that it has increased its first quarter and fiscal year 2007 earnings per share (EPS) guidance. For the first quarter of 2007, it expects EPS of $1.10 to $1.20, compared to previous guidance of $1.00 to $1.10. For the fiscal year 2007, it expects EPS of $4.40 to $4.70, compared to previous guidance of $3.67 to $4.00. According to Reuters Estimates, analysts expected the Company to earn $1.10 in the first quarter of 2007 and $4.54 in the fiscal year 2007. The Company cited volume growth and strong pricing in its wallboard and cement operations as the primary reason for this positive outlook.