Jefferies Group Analysts Cut Earnings Estimates for Holcim Ltd. (HCMLY)
Holcim Ltd. (OTC:HCMLY) – Research analysts at Jefferies Group decreased their FY2017 earnings per share estimates for Holcim in a report issued on Monday. Jefferies Group analyst J. Jordan now anticipates that the company will post earnings per share of $0.63 for the year, down from their previous forecast of $0.70. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Holcim’s FY2018 earnings at $0.74 EPS and FY2019 earnings at $0.83 EPS.
Several other equities analysts have also recently issued reports on the stock. Barclays PLC cut shares of Holcim from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 7th. HSBC Holdings plc cut shares of Holcim from a “buy” rating to a “hold” rating in a research note on Wednesday.
Holcim Company Profile
LafargeHolcim Ltd (LafargeHolcim) is a holding company operating in building materials industry. The Company’s segments include Asia Pacific, Latin America, Europe, North America and Middle East Africa. The Company has three product lines, such as Cement, which consists of clinker, cement and other cementitious materials; Aggregates, and Other construction materials and services, which consists of ready-mix concrete, concrete products, asphalt, construction and paving, trading and other products and services.
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