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

CEMEX (NYSE:CX) released its quarterly earnings data on Monday. The construction company reported $0.17 earnings per share 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 business had revenue of $4.14 billion for the quarter. During the same period last year, the business earned $0.15 EPS.

CEMEX Stock Performance

NYSE:CX opened at $7.91 on Wednesday. CEMEX has a twelve month low of $5.67 and a twelve month high of $9.27. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $8.33 and a 200-day moving average of $7.67. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 56.50, a price-to-earnings-growth ratio of 0.17 and a beta of 1.47.

Analyst Ratings Changes

CX has been the topic of a number of analyst reports. Bank of America cut shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Wednesday, April 24th. 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 report on Friday, February 9th. The Goldman Sachs Group increased their target price on shares of CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CEMEX presently has an average rating of “Moderate Buy” and a consensus target price 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.