CEMEX, S.A.B. de C.V. (NYSE:CX) to Issue $0.02 Dividend

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) declared a dividend on Friday, February 28th, NASDAQ Dividends reports. Investors of record on Monday, March 10th will be given a dividend of 0.0207 per share by the construction company on Tuesday, March 18th. The ex-dividend date of this dividend is Monday, March 10th.

CEMEX Trading Down 4.4 %

CEMEX stock traded down $0.28 during mid-day trading on Friday, hitting $6.08. 13,265,742 shares of the stock were exchanged, compared to its average volume of 9,483,369. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 9.66 and a beta of 1.45. CEMEX has a 12 month low of $5.00 and a 12 month high of $9.27. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The firm's fifty day simple moving average is $6.04 and its two-hundred day simple moving average is $5.89.

CEMEX (NYSE:CX - Get Free Report) last announced its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Analysts forecast that CEMEX will post 0.69 EPS for the current year.

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Analyst Ratings Changes

Several equities research analysts recently commented on CX shares. Royal Bank of Canada upped their target price on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group increased their price target on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. 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. According to MarketBeat, CEMEX presently has an average rating of "Hold" and a consensus price target 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.