CRH (NYSE:CRH) Updates FY 2024 Earnings Guidance

CRH (NYSE:CRH) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.450-5.550 for the period, compared to the consensus earnings per share estimate of 5.490. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. DA Davidson upped their target price on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Citigroup dropped their price objective on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and an average price target of $100.90.

CRH Trading Up 3.1 %

Shares of CRH stock opened at $99.91 on Thursday. The company’s fifty day moving average price is $91.00 and its two-hundred day moving average price is $83.83. CRH has a 12 month low of $57.45 and a 12 month high of $101.60.

CRH (NYSE:CRH) last released its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. The business had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. On average, analysts anticipate that CRH will post 5.44 EPS for the current year.

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.