Heidelberg Materials (HLBZF) Expected to Release Quarterly Earnings on Wednesday

Heidelberg Materials (OTCMKTS:HLBZF) will likely be releasing its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $4.46 per share and revenue of $6.93 billion for the quarter.

Heidelberg Materials Stock Up 0.5%

Shares of OTCMKTS HLBZF opened at $161.93 on Wednesday. The business has a fifty day moving average price of $173.52 and a two-hundred day moving average price of $206.61. Heidelberg Materials has a fifty-two week low of $150.30 and a fifty-two week high of $299.59.

Wall Street Analysts Forecast Growth

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 analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

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.