CRH (CRH) to Release Earnings on Thursday

CRH (NYSE:CRH - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect CRH to post earnings of $2.20 per share for the quarter. CRH has set its FY 2024 guidance at 5.400-5.600 EPS.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. The business had revenue of $9.65 billion during 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 Trading Down 0.6 %

NYSE CRH traded down $0.53 during mid-day trading on Thursday, hitting $95.43. The company's stock had a trading volume of 3,667,404 shares, compared to its average volume of 4,900,936. The company's 50 day simple moving average is $90.23 and its 200 day simple moving average is $83.20. CRH has a twelve month low of $53.42 and a twelve month high of $96.82. The firm has a market capitalization of $65.15 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.30 and a beta of 1.30.

CRH Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.35 per share. This represents a yield of 1.7%. The ex-dividend date was Friday, August 23rd. CRH's dividend payout ratio (DPR) is presently 26.46%.

Analyst Upgrades and Downgrades

CRH has been the topic of several recent analyst reports. Morgan Stanley upgraded CRH from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Truist Financial raised their price objective on CRH from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 9th. StockNews.com cut CRH from a "buy" rating to a "hold" rating in a research note on Friday, August 16th. DA Davidson lifted their target price on CRH from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Finally, Barclays assumed coverage on CRH in a research note on Tuesday. They set an "overweight" rating and a $110.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, CRH currently has an average rating of "Moderate Buy" and a consensus target price of $97.00.

CRH Company Profile

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.