FY2017 Earnings Forecast for Crh Plc Issued By Jefferies Group (CRH)
Crh Plc (NYSE:CRH) – Research analysts at Jefferies Group lowered their FY2017 EPS estimates for shares of Crh Plc in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Jordan now expects that the construction company will earn $1.92 per share for the year, down from their previous estimate of $1.96. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Crh Plc’s FY2018 earnings at $2.13 EPS and FY2019 earnings at $2.40 EPS.
A number of other analysts have also recently weighed in on CRH. BidaskClub cut Crh Plc from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Morgan Stanley upgraded Crh Plc from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $30.50 to $32.50 in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Crh Plc presently has a consensus rating of “Hold” and an average price target of $32.50.
Crh Plc (NYSE CRH) opened at $35.25 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.10 and a current ratio of 1.60. Crh Plc has a 12 month low of $32.44 and a 12 month high of $38.06.
The business also recently declared a None dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, September 8th were given a $0.226 dividend. This represents a yield of 1.33%. This is a boost from Crh Plc’s previous None dividend of $0.20. The ex-dividend date was Thursday, September 7th.
A number of large investors have recently made changes to their positions in the business. Huntington National Bank grew its position in Crh Plc by 5.0% in the second quarter. Huntington National Bank now owns 2,842 shares of the construction company’s stock valued at $101,000 after acquiring an additional 135 shares during the period. Legal & General Group Plc grew its position in Crh Plc by 1.1% in the first quarter. Legal & General Group Plc now owns 18,037 shares of the construction company’s stock valued at $634,000 after acquiring an additional 200 shares during the period. Greenleaf Trust grew its position in Crh Plc by 5.0% in the second quarter. Greenleaf Trust now owns 8,069 shares of the construction company’s stock valued at $286,000 after acquiring an additional 382 shares during the period. Wetherby Asset Management Inc. grew its position in Crh Plc by 3.4% in the second quarter. Wetherby Asset Management Inc. now owns 13,496 shares of the construction company’s stock valued at $479,000 after acquiring an additional 447 shares during the period. Finally, CIBC World Markets Inc. grew its position in Crh Plc by 4.9% in the second quarter. CIBC World Markets Inc. now owns 12,592 shares of the construction company’s stock valued at $447,000 after acquiring an additional 589 shares during the period. Hedge funds and other institutional investors own 3.66% of the company’s stock.
About Crh Plc
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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