Holcim Ltd to Post FY2022 Earnings of $0.85 Per Share, Jefferies Financial Group Forecasts (OTCMKTS:HCMLY)

Holcim Ltd (OTCMKTS:HCMLYGet Rating) – Jefferies Financial Group lifted their FY2022 earnings per share (EPS) estimates for shares of Holcim in a research note issued to investors on Thursday, July 28th. Jefferies Financial Group analyst G. Johnson now forecasts that the construction company will post earnings per share of $0.85 for the year, up from their previous forecast of $0.84. The consensus estimate for Holcim’s current full-year earnings is $0.87 per share. Jefferies Financial Group also issued estimates for Holcim’s FY2023 earnings at $0.77 EPS, FY2024 earnings at $0.83 EPS and FY2025 earnings at $0.91 EPS.

Several other brokerages have also recently commented on HCMLY. Barclays raised their target price on Holcim from CHF 44 to CHF 46 and gave the stock an “equal weight” rating in a research report on Thursday. Credit Suisse Group raised their target price on Holcim from CHF 55 to CHF 58 and gave the stock an “outperform” rating in a research report on Monday, April 25th. UBS Group cut Holcim from a “buy” rating to a “neutral” rating in a research report on Monday, June 27th. Berenberg Bank reduced their price objective on Holcim from CHF 43 to CHF 42 in a research report on Monday, June 13th. Finally, Morgan Stanley lifted their price objective on Holcim from CHF 57 to CHF 58 and gave the company an “overweight” rating in a research report on Monday, April 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Holcim presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Holcim Trading Up 2.4 %

Shares of Holcim stock opened at $9.31 on Monday. The business has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $9.65. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 0.48. Holcim has a 12 month low of $8.03 and a 12 month high of $11.90.

Holcim Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, May 27th. Shareholders of record on Tuesday, May 10th were issued a dividend of $0.4148 per share. The ex-dividend date was Monday, May 9th. This represents a yield of 4.26%.

About Holcim

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Holcim Ltd, together with its subsidiaries, operates as a building materials and solutions company in the Asia Pacific, Europe, Latin America, the Middle East, Africa, and North America. It operates through four segments: Cement, Aggregates, Ready-mix Concrete, and Solutions & Products. The company offers cement, hydraulic binders, clinker, and other cementitious materials; aggregates, such as crushed stone, gravel, and sand; and ready-mix concrete, precast concrete products, asphalts, and mortars.

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Earnings History and Estimates for Holcim (OTCMKTS:HCMLY)

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