CEMEX (CX) Expected to Announce Quarterly Earnings on Thursday

CEMEX (NYSE:CX - Get Free Report) is expected to be announcing its Q4 2024 earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $185.29 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.82% and a net margin of 5.70%. On average, analysts expect CEMEX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CEMEX Stock Performance

CEMEX stock traded down $0.08 during mid-day trading on Friday, hitting $6.71. The company had a trading volume of 8,312,461 shares, compared to its average volume of 9,947,166. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 10.64 and a beta of 1.49. CEMEX has a 12-month low of $5.00 and a 12-month high of $9.27. The company's fifty day moving average is $5.73 and its 200-day moving average is $5.88. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.

CEMEX Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX's dividend payout ratio (DPR) is presently 9.52%.

Wall Street Analysts Forecast Growth

CX has been the subject of a number of analyst reports. Royal Bank of Canada downgraded shares of CEMEX from a "sector perform" rating to an "underperform" rating and decreased their price objective for the stock from $6.00 to $5.00 in a research report on Wednesday, December 11th. Barclays reduced their price target on CEMEX from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered CEMEX from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. Finally, Scotiabank cut their price objective on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating for the company in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $7.65.

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.