FY2017 EPS Estimates for Holcim Ltd. (HCMLY) Reduced by Analyst

Holcim Ltd. (OTC:HCMLY) – Equities research analysts at Jefferies Group reduced their FY2017 earnings estimates for shares of Holcim in a research note issued to investors on Monday. Jefferies Group analyst J. Jordan now forecasts that the company will earn $0.63 per share for the year, down from their previous forecast of $0.70. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Holcim’s FY2018 earnings at $0.74 EPS and FY2019 earnings at $0.83 EPS.

Separately, Barclays PLC cut shares of Holcim from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 7th.

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Shares of Holcim (HCMLY) opened at 11.25 on Wednesday. The firm has a 50-day moving average of $11.66 and a 200-day moving average of $11.69. The company has a market capitalization of $34.05 billion, a P/E ratio of 13.50 and a beta of 1.61. Holcim has a 12 month low of $10.01 and a 12 month high of $12.34.

About Holcim

LafargeHolcim Ltd (LafargeHolcim) is a holding company operating in building materials industry. The Company’s segments include Asia Pacific, Latin America, Europe, North America and Middle East Africa. The Company has three product lines, such as Cement, which consists of clinker, cement and other cementitious materials; Aggregates, and Other construction materials and services, which consists of ready-mix concrete, concrete products, asphalt, construction and paving, trading and other products and services.

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