CRH (NYSE:CRH) Issues FY 2024 Earnings Guidance
CRH (NYSE:CRH) has updated its FY 2024 earnings guidance, with an EPS estimate of 5.400-5.600 compared to the consensus estimate of 5.430. The company has also received mixed ratings from analysts, with some raising their price target for the stock. CRH's stock has been trading up and recently paid a higher dividend. The company provides building materials solutions and operates in multiple segments.
CRH (NYSE:CRH - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 5.400-5.600 for the period, compared to the consensus EPS estimate of 5.430. The company issued revenue guidance of -.
Analysts Set New Price Targets
- Should You Bring The Luck Of The Irish To Your Investmets?
A number of analysts have commented on the stock. Morgan Stanley raised shares of CRH from an equal weight rating to an overweight rating and upped their price target for the company from $87.00 to $88.00 in a research report on Tuesday, July 9th. Citigroup cut their price objective on shares of CRH from $109.00 to $99.00 and set a buy rating on the stock in a research report on Thursday, July 11th. Royal Bank of Canada initiated coverage on shares of CRH in a research report on Tuesday, May 14th. They set an outperform rating and a $110.00 price objective on the stock. Stephens initiated coverage on shares of CRH in a research report on Tuesday, June 18th. They set an overweight rating and a $95.00 price objective on the stock. Finally, Stifel Nicolaus reissued a hold rating and set a $82.00 price objective (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $91.90.
View Our Latest Report on CRH
CRH Trading Up 6.9 %
Shares of CRH traded up $5.26 on Thursday, reaching $81.35. The company's stock had a trading volume of 2,110,775 shares, compared to its average volume of 5,345,522. CRH has a twelve month low of $51.59 and a twelve month high of $88.00. The firm has a fifty day moving average of $78.08 and a 200-day moving average of $79.23.
CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.04. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.60 billion. As a group, research analysts predict that CRH will post 5.39 earnings per share for the current fiscal year.
CRH Increases Dividend
The firm also recently announced a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, May 24th were issued a $0.35 dividend. This represents a dividend yield of 1.7%. The ex-dividend date was Thursday, May 23rd. This is a positive change from CRH's previous Variable dividend of $0.23.
About CRH
(Get Free Report)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.
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