CEMEX (NYSE:CX) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

CEMEX (NYSE:CX - Get Free Report) announced its quarterly earnings results on Monday. The construction company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.04, Zacks reports. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The firm had revenue of $4.14 billion for the quarter. During the same period in the previous year, the company posted $0.15 earnings per share.

CEMEX Price Performance

NYSE CX traded down $0.20 on Tuesday, reaching $7.91. 8,576,681 shares of the company's stock traded hands, compared to its average volume of 6,722,897. CEMEX has a 12 month low of $5.67 and a 12 month high of $9.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.51. The stock has a 50-day simple moving average of $8.33 and a 200 day simple moving average of $7.66. The stock has a market cap of $11.46 billion, a PE ratio of 57.89, a P/E/G ratio of 0.17 and a beta of 1.47.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America downgraded shares of CEMEX from a "buy" rating to a "neutral" rating and set a $9.00 price target on the stock. in a report on Wednesday, April 24th. The Goldman Sachs Group upped their price objective on shares of CEMEX from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday. Barclays cut shares of CEMEX from an "overweight" rating to an "equal weight" rating and set a $9.00 price objective on the stock. in a research report on Friday, February 9th. Finally, StockNews.com upgraded shares of CEMEX from a "buy" rating to a "strong-buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CEMEX has an average rating of "Moderate Buy" and an average price target of $9.53.

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.