CEMEX (NYSE:CX) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

CEMEX (NYSE:CX) posted its quarterly earnings data on Thursday. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.06, Zacks reports. CEMEX had a net margin of 5.70% and a return on equity of 7.82%.

CEMEX Trading Down 0.8 %

Shares of NYSE:CX traded down $0.05 during trading on Friday, reaching $6.61. 551,508 shares of the company traded hands, compared to its average volume of 9,822,795. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 10.50 and a beta of 1.49. CEMEX has a 52-week low of $5.00 and a 52-week high of $9.27. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average is $5.78 and its 200-day moving average is $5.89.

CEMEX Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.0207 per share. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s payout ratio is currently 9.52%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday. Scotiabank decreased their price objective on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 29th. Barclays reduced their price target on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut shares of CEMEX from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.82.

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.