Heidelberg Materials (HLBZF) Set to Post Quarterly Earnings on Wednesday
by Danessa Lincoln · The Markets DailyHeidelberg Materials (OTCMKTS:HLBZF – Get Free Report) is projected to release its results before the market opens on Wednesday, November 4th. Analysts expect Heidelberg Materials to post earnings of $4.46 per share and revenue of $6.93 billion for the quarter.
Heidelberg Materials Stock Performance
Shares of OTCMKTS:HLBZF opened at $161.93 on Wednesday. Heidelberg Materials has a 12-month low of $150.30 and a 12-month high of $299.59. The business has a 50 day moving average of $173.52 and a 200-day moving average of $206.61.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada raised Heidelberg Materials from a “sector perform” rating to an “outperform” rating in a report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.
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Heidelberg Materials Company Profile
Heidelberg Materials is a Germany-based building materials company that produces and distributes cement, aggregates, ready-mixed concrete and asphalt. Its products are used in residential, commercial and infrastructure construction, including roads, bridges and other large-scale development projects.
The company traces its origins to 1873 and was formerly known as HeidelbergCement. It serves customers through operations in Europe, North America, Asia-Pacific, Africa and the Mediterranean region, with activities spanning raw-material extraction, materials production and construction-related services.
Heidelberg Materials also focuses on reducing the environmental impact of construction materials through lower-carbon products, alternative fuels and carbon-capture initiatives.