Cemex (NYSE:CX) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Cemex (NYSE:CX) issued its quarterly earnings data on Monday. The construction company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03, FiscalAI reports. The company had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Cemex had a net margin of 2.83% and a return on equity of 3.82%.

Cemex Trading Up 0.0%

NYSE CX opened at $10.21 on Monday. The firm has a market cap of $14.78 billion, a PE ratio of 30.02 and a beta of 1.51. Cemex has a 1-year low of $9.30 and a 1-year high of $13.67. The stock has a 50-day moving average of $10.26 and a 200-day moving average of $11.61. The company has a current ratio of 0.92, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Cemex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th were paid a $0.0312 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Cemex’s payout ratio is 35.29%.

Insiders Place Their Bets

In related news, Director Zambrano Lozano acquired 400,800 shares of the stock in a transaction on Friday, September 25th. The stock was purchased at an average price of $17.28 per share, for a total transaction of $6,925,824.00. Following the completion of the transaction, the director owned 10,000,000 shares of the company’s stock, valued at $172,800,000. This trade represents a 4.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP De La Garza Oscar Bal Elizondo sold 212,680 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $10.68, for a total value of $2,271,422.40. Following the sale, the vice president directly owned 289,490 shares of the company’s stock, valued at approximately $3,091,753.20. This trade represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CX. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a research note on Friday, August 21st. JPMorgan Chase & Co. lifted their price target on Cemex from $14.50 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Barclays boosted their price objective on Cemex from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Zacks Research lowered Cemex from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, Scotiabank upped their price objective on shares of Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.94.

Cemex Company Profile

Cemex, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces and markets cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.

Cemex also provides construction solutions and services, including materials distribution, logistics and digital tools designed to support contractors, builders and other customers. Its products serve a broad range of applications, from housing and commercial development to roads, bridges, airports and other major infrastructure.

Founded in Mexico in 1906, Cemex has expanded through organic growth and acquisitions into an international business serving customers across the Americas, Europe, Africa, the Middle East and Asia.