CEMEX (NYSE:CX) Releases Earnings Results

CEMEX (NYSE:CX - Get Free Report) released its quarterly earnings data on Monday. The construction company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $186.46 million for the quarter, compared to the consensus estimate of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%.

CEMEX Stock Performance

Shares of NYSE CX traded down $0.05 during trading on Thursday, reaching $6.12. 8,763,051 shares of the company traded hands, compared to its average volume of 10,864,325. The stock has a market cap of $8.87 billion, a P/E ratio of 9.71 and a beta of 1.28. The firm's fifty day simple moving average is $5.78 and its 200 day simple moving average is $5.78. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. CEMEX has a 12-month low of $4.89 and a 12-month high of $8.11.

CEMEX Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX's payout ratio is 12.70%.

Analysts Set New Price Targets

CX has been the subject of several recent analyst reports. StockNews.com downgraded shares of CEMEX from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. The Goldman Sachs Group raised their target price on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on shares of CEMEX from $6.00 to $6.80 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Royal Bank of Canada raised their price target on shares of CEMEX from $5.00 to $5.25 and gave the stock an "underperform" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $7.58.

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.