Crh Plc (CRH) To Go Ex-Dividend on November 13th

by · The Cerbat Gem

Crh Plc (NYSE:CRH – Get Free Report) announced a quarterly dividend on Thursday, October 29th. Investors of record on Friday, November 13th will be given a dividend of $0.39 per share by the construction company on Wednesday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, November 13th.

CRH has increased its dividend by an average of 0.1% per year over the last three years. CRH has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CRH to earn $6.49 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 24.0%.

CRH Price Performance

CRH stock opened at $96.74 on Wednesday. CRH has a 1-year low of $78.62 and a 1-year high of $131.55. The company has a market capitalization of $64.35 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.86 and a beta of 1.33. The business has a 50 day simple moving average of $87.25 and a two-hundred day simple moving average of $103.30.

CRH (NYSE:CRH – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.03. CRH had a net margin of 9.19% and a return on equity of 15.03%. The firm had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.56 billion. During the same quarter last year, the business posted $2.21 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts anticipate that CRH will post 5.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRH has been the subject of several research analyst reports. Berenberg Bank set a $140.00 target price on shares of CRH in a research note on Tuesday, September 8th. DA Davidson decreased their price target on shares of CRH from $117.00 to $114.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Barclays dropped their price objective on shares of CRH from $131.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Jefferies Financial Group cut their price objective on CRH from $159.50 to $126.50 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. began coverage on CRH in a report on Tuesday, October 13th. They issued an “overweight” rating and a $115.00 target price on the stock. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and an average price target of $125.97.

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CRH Company Profile

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CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building. CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance. The company serves customers across North America and Europe through a network of local businesses and operations.

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