CRH (CRH) Projected to Post Earnings on Thursday

CRH (NYSE:CRH) is expected to be issuing its quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $1.44 per share and revenue of $8.99 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

CRH Stock Performance

Shares of CRH stock opened at $100.00 on Tuesday. The firm has a market capitalization of $67.92 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH has a one year low of $71.18 and a one year high of $110.97. The company has a 50 day moving average price of $98.71 and a 200 day moving average price of $95.53.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio is presently 20.87%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. HSBC began coverage on shares of CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price objective for the company. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $107.75.

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.