CEMEX (NYSE:CX) Announces Earnings Results

CEMEX (NYSE:CX) posted its quarterly earnings data on Thursday. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06, Zacks reports. CEMEX had a return on equity of 2.28% and a net margin of 2.67%.

CEMEX Trading Up 13.3 %

Shares of NYSE CX traded up $0.79 during trading hours on Thursday, hitting $6.77. 25,564,288 shares of the company traded hands, compared to its average volume of 10,648,530. The company’s 50 day moving average price is $5.68 and its 200 day moving average price is $5.88. CEMEX has a 12 month low of $5.00 and a 12 month high of $9.27. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 22.58 and a beta of 1.49. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.

CEMEX Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were paid a $0.0207 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s payout ratio is 20.00%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank decreased their price objective on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Barclays cut their target price on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. StockNews.com cut CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada lowered shares of CEMEX from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from $6.00 to $5.00 in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.65.

About CEMEX

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.