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

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) declared a quarterly dividend on Tuesday, June 10th, Wall Street Journal reports. Investors of record on Tuesday, June 17th will be given a dividend of 0.0224 per share by the construction company on Thursday, June 26th. This represents a $0.09 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, June 17th.

CEMEX Stock Up 0.8%

Shares of CX traded up $0.06 during mid-day trading on Wednesday, hitting $6.97. 24,928,386 shares of the company's stock were exchanged, compared to its average volume of 13,176,833. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 11.06 and a beta of 1.40. The firm has a fifty day moving average of $6.20 and a two-hundred day moving average of $6.01. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. CEMEX has a twelve month low of $4.89 and a twelve month high of $7.34.

CEMEX (NYSE:CX - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. The business had revenue of $186.46 million for the quarter, compared to analysts' expectations of $214.59 million. On average, sell-side analysts forecast that CEMEX will post 0.69 earnings per share for the current year.

Institutional Trading of CEMEX

A hedge fund recently raised its stake in CEMEX stock. Jones Financial Companies Lllp increased its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 334.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,189 shares of the construction company's stock after purchasing an additional 7,075 shares during the period. Jones Financial Companies Lllp's holdings in CEMEX were worth $52,000 as of its most recent filing with the SEC. 82.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Itau BBA Securities lowered CEMEX from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. Morgan Stanley cut shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Wall Street Zen upgraded CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.