CEMEX (NYSE:CX) Issues Earnings Results

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

CEMEX Stock Up 0.9 %

CEMEX stock traded up $0.06 during midday trading on Friday, reaching $6.16. The stock had a trading volume of 6,399,995 shares, compared to its average volume of 10,867,983. The company has a fifty day moving average price of $5.78 and a two-hundred day moving average price of $5.79. The company has a market capitalization of $8.92 billion, a P/E ratio of 9.77 and a beta of 1.41. 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 business also recently disclosed a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is presently 8.33%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on CEMEX from $5.00 to $5.25 and gave the stock an "underperform" rating in a research report on Tuesday. StockNews.com upgraded shares of CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday. The Goldman Sachs Group increased 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. Bradesco Corretora set a $7.50 target price on shares of CEMEX and gave the company a "neutral" rating in a report on Tuesday, April 15th. Finally, Morgan Stanley downgraded CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, CEMEX has an average rating of "Hold" and an average target price of $7.58.

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.