CRH (NYSE:CRH) Releases FY 2024 Earnings Guidance

CRH (NYSE:CRH) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.400-5.600 for the period, compared to the consensus estimate of 5.430. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRH. Stephens began coverage on CRH in a research note on Tuesday, June 18th. They set an overweight rating and a $95.00 price target for the company. StockNews.com downgraded CRH from a buy rating to a hold rating in a research note on Monday, August 5th. Truist Financial boosted their price objective on CRH from $100.00 to $110.00 and gave the company a buy rating in a research note on Friday. DA Davidson boosted their price objective on CRH from $100.00 to $110.00 and gave the company a buy rating in a research note on Friday. Finally, Stifel Nicolaus reiterated a hold rating and set a $82.00 price objective (up from $80.00) on shares of CRH in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $95.70.

CRH Stock Performance

Shares of CRH traded up $0.83 during mid-day trading on Friday, hitting $82.37. 3,948,524 shares of the stock were exchanged, compared to its average volume of 5,365,804. The company has a market cap of $56.56 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. CRH has a 52-week low of $51.59 and a 52-week high of $88.00. The firm has a 50-day moving average of $78.12 and a two-hundred day moving average of $79.33.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. On average, sell-side analysts predict that CRH will post 5.39 EPS for the current year.

CRH Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, August 23rd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a yield of 1.7%. CRH’s payout ratio is presently 25.59%.

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.