CEMEX, S.A.B. de C.V. (NYSE:CX) Declares $0.02 Variable Dividend

CEMEX, S.A.B. de C.V. (NYSE:CX) announced a Variable dividend on Tuesday, September 3rd, Zacks reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.021 per share by the construction company on Tuesday, September 24th. The ex-dividend date is Friday, September 13th.

CEMEX Stock Up 1.7 %

Shares of NYSE CX traded up $0.10 during trading on Thursday, reaching $5.87. 1,711,999 shares of the stock were exchanged, compared to its average volume of 7,961,764. The business’s 50-day moving average price is $6.34 and its 200 day moving average price is $7.32. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 41.21 and a beta of 1.47. CEMEX has a twelve month low of $5.66 and a twelve month high of $9.27.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. The firm had revenue of $4.49 billion for the quarter. As a group, equities analysts forecast that CEMEX will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CX. Barclays upgraded shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada started coverage on CEMEX in a research note on Tuesday, May 14th. They issued an “underperform” rating and a $9.00 target price for the company. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 18th. The Goldman Sachs Group assumed coverage on CEMEX in a research report on Wednesday, July 10th. They set a “buy” rating and a $9.00 price objective for the company. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $8.00 target price on shares of CEMEX in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CEMEX presently has a consensus rating of “Moderate Buy” and an average target price of $8.70.

CEMEX Company Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.