CEMEX, S.A.B. de C.V. (NYSE:CX) to Issue Dividend of $0.02

CEMEX, S.A.B. de C.V. (NYSE:CX) declared a dividend on Friday, February 28th, NASDAQ Dividends reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.0207 per share by the construction company on Tuesday, March 18th. The ex-dividend date is Monday, March 10th.

CEMEX Trading Down 4.4 %

CEMEX stock opened at $6.08 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 9.66 and a beta of 1.49. CEMEX has a 1 year low of $5.00 and a 1 year high of $9.27. The firm’s 50 day moving average price is $6.03 and its two-hundred day moving average price is $5.90.

CEMEX (NYSE:CX) last posted its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, research analysts predict that CEMEX will post 0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CX shares. The Goldman Sachs Group lifted their price objective on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada lifted their price objective on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.82.

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.