CEMEX (NYSE:CX) Issues Earnings Results

CEMEX (NYSE:CX) released its quarterly earnings results on Monday. The construction company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04, Zacks reports. The company had revenue of $4.14 billion for the quarter. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. During the same period in the prior year, the business earned $0.15 earnings per share.

CEMEX Stock Performance

CEMEX stock opened at $8.11 on Tuesday. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 57.89, a price-to-earnings-growth ratio of 0.17 and a beta of 1.47. CEMEX has a 12 month low of $5.67 and a 12 month high of $9.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.51. The stock’s 50-day moving average is $8.33 and its 200-day moving average is $7.66.

Analyst Ratings Changes

CX has been the topic of a number of analyst reports. Bank of America lowered shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their price objective on CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Barclays cut CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target for the company. in a report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.53.

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.