CEMEX (NYSE:CX) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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

CEMEX Price Performance

CX opened at $8.11 on Tuesday. CEMEX has a 52-week low of $5.67 and a 52-week high of $9.27. The company has a 50 day moving average of $8.33 and a two-hundred day moving average of $7.66. The company has a market cap of $11.74 billion, a P/E ratio of 57.89, a P/E/G ratio of 0.17 and a beta of 1.47. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday. The Goldman Sachs Group increased their price target on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday. Barclays cut shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective for the company. in a research note on Friday, February 9th. Finally, Bank of America lowered 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. 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.53.

About CEMEX

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.