CEMEX (NYSE:CX - Get Free Report) issued its quarterly earnings results on Thursday. The construction company reported $0.16 EPS for the quarter, beating analysts' consensus estimates 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 0.7 %
NYSE CX traded down $0.05 during trading on Monday, hitting $6.65. The company had a trading volume of 8,086,550 shares, compared to its average volume of 10,460,760. The company's fifty day moving average is $5.75 and its 200-day moving average is $5.88. CEMEX has a one year low of $5.00 and a one year 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 company has a market cap of $9.63 billion, a price-to-earnings ratio of 10.55 and a beta of 1.49.
CEMEX Dividend Announcement
The business also recently declared a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a $0.0207 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX's dividend payout ratio (DPR) is currently 9.52%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on CX shares. Royal Bank of Canada increased their target price on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a report on Monday. Scotiabank dropped their price objective on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating for the company in a research note on Tuesday, October 29th. Barclays decreased their target price on shares of CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut shares of CEMEX from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, CEMEX has an average rating of "Hold" and a consensus target price of $7.82.
Check Out Our Latest Research Report on CX
About CEMEX
(
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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.
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