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

Key Points

• Cemex S.A.B. de C.V. has declared a $0.02 quarterly dividend, payable on September 25th to shareholders of record as of September 17th, resulting in a yield of 1.0%.
• The company reported $0.23 earnings per share for the last quarter, exceeding estimates, with revenues of $4.13 billion which fell slightly short of expectations.
• Analysts have raised target prices for Cemex stock, with Barclays and JPMorgan both recently upgrading their ratings and projecting targets of $10.00 and $10.50 respectively.

Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) declared a quarterly dividend on Friday, September 5th. Shareholders of record on Wednesday, September 17th will be paid a dividend of 0.0224 per share by the construction company on Thursday, September 25th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 17th.

Cemex Stock Down 0.9%

Shares of NYSE CX traded down $0.09 during midday trading on Friday, reaching $9.24. 5,856,894 shares of the company's stock traded hands, compared to its average volume of 12,659,953. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. The stock's 50 day simple moving average is $8.65 and its 200-day simple moving average is $7.13. Cemex has a one year low of $4.89 and a one year high of $9.61. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 1.52 and a beta of 1.43.

Cemex (NYSE:CX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.20 billion. Cemex had a net margin of 9.61% and a return on equity of 6.89%. On average, analysts predict that Cemex will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. raised Cemex from a "neutral" rating to an "overweight" rating and increased their target price for the company from $8.10 to $10.50 in a research report on Tuesday, August 26th. Scotiabank reaffirmed an "outperform" rating on shares of Cemex in a research report on Tuesday, September 2nd. Wall Street Zen upgraded shares of Cemex from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Itau BBA Securities cut shares of Cemex from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 3rd. Finally, Barclays raised their target price on shares of Cemex from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cemex has a consensus rating of "Hold" and an average price target of $9.02.

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.