CEMEX (NYSE:CX) Issues Earnings Results

CEMEX (NYSE:CX) announced its quarterly earnings data on Monday. The construction company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04, Zacks reports. CEMEX had a return on equity of 1.82% and a net margin of 1.28%. The company had revenue of $4.14 billion during the quarter. During the same quarter last year, the company posted $0.15 EPS.

CEMEX Stock Down 1.4 %

Shares of CX traded down $0.11 during mid-day trading on Wednesday, reaching $7.80. The company’s stock had a trading volume of 696,947 shares, compared to its average volume of 6,660,999. The business has a fifty day moving average of $8.33 and a 200 day moving average of $7.67. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 56.50, a price-to-earnings-growth ratio of 0.17 and a beta of 1.47. CEMEX has a 1 year low of $5.67 and a 1 year high of $9.27. 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 Upgrades and Downgrades

A number of brokerages have recently commented on CX. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Bank of America downgraded CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their price objective on CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Barclays downgraded CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective for the company. in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.