CRH Expected to Release Earnings on Thursday

CRH (NYSE:CRH – Get Free Report) is scheduled to release its quarterly earnings data after the stock market closes on Thursday, March 6. Analysts anticipate that the company will report earnings of $1.44 per share and revenue amounting to $8.99 billion for the quarter. Interested individuals can join the company’s conference call via the provided link.

Stock Performance of CRH

On Thursday, shares of CRH opened at $102.26. The company's 50-day simple moving average stands at $98.25, while the 200-day simple moving average is at $95.07. With a market capitalization of $69.46 billion, CRH exhibits a price-to-earnings ratio of 20.45, a PEG ratio of 1.15, and a beta of 1.30. Over the past year, the stock has hit a low of $71.18 and a high of $110.97.

Analyst Insights on CRH

Several research analysts have recently shared their views on CRH's stock. Hsbc Global Research upgraded CRH to a "strong-buy" rating in a report published on November 11. Conversely, StockNews.com downgraded CRH from a "buy" rating to a "hold" rating on February 19. HSBC also initiated coverage on CRH, assigning a "buy" rating along with a price target of $116.00. Additionally, DA Davidson increased their price target from $110.00 to $120.00 while maintaining a "buy" rating. Morgan Stanley also raised their target price from $95.00 to $104.00, rating the company as "overweight." Currently, analysts have issued two hold ratings, eleven buy ratings, and one strong buy rating for the stock. According to MarketBeat, CRH holds an average rating of "Moderate Buy" and a consensus price target of $107.75.

Overview of CRH

CRH plc, along with its subsidiaries, offers building materials solutions both in Ireland and internationally. The company's operations are divided into four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. CRH provides various solutions for the construction and maintenance of public infrastructure as well as commercial and residential buildings. They also produce and sell aggregates, cement, ready-mixed concrete, and asphalt, in addition to offering paving and construction services.

Earnings, Stock, CRH