CRH (CRH) to Release Earnings on Thursday

CRH (NYSE:CRH) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $2.20 per share for the quarter. CRH has set its FY 2024 guidance at 5.400-5.600 EPS.Parties interested in participating in the company’s conference call can do so using this link.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. On average, analysts expect CRH to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CRH Price Performance

CRH traded up $1.75 during trading on Tuesday, reaching $96.20. 1,323,483 shares of the company were exchanged, compared to its average volume of 4,867,523. CRH has a 52 week low of $56.88 and a 52 week high of $96.82. The firm has a 50 day moving average of $90.58 and a 200 day moving average of $83.58.

CRH Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd were given a dividend of $0.35 per share. The ex-dividend date was Friday, August 23rd. This represents a dividend yield of 1.7%.

Analysts Set New Price Targets

CRH has been the topic of several research analyst reports. Citigroup decreased their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Barclays assumed coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. DA Davidson lifted their price objective on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Finally, StockNews.com cut CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.00.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.