Heidelberg Materials (HLBZF) Set to Post Quarterly Earnings on Wednesday

Heidelberg Materials (OTCMKTS:HLBZF) is expected to be issuing its results before the market opens on Wednesday, November 4th. Analysts expect the company to announce earnings of $4.46 per share and revenue of $6.95 billion for the quarter.

Heidelberg Materials Stock Performance

Shares of Heidelberg Materials stock opened at $163.78 on Monday. The firm’s 50-day simple moving average is $172.25 and its 200-day simple moving average is $205.04. Heidelberg Materials has a 1 year low of $150.30 and a 1 year high of $299.59.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded Heidelberg Materials from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Heidelberg Materials

Heidelberg Materials is a Germany-based building materials company that produces and distributes cement, aggregates, ready-mixed concrete and other construction materials. Its products are used in residential, commercial and infrastructure projects, including roads, bridges and other large-scale developments.

The company was founded in Heidelberg, Germany, in 1873 as HeidelbergCement. It adopted the name Heidelberg Materials in 2022 as part of a broader effort to emphasize its role in the construction materials industry and its focus on sustainability.