CEMEX (CX) Set to Announce Earnings on Thursday

CEMEX (NYSE:CX) is set to issue its quarterly earnings data before the market opens on Thursday, July 25th.

CEMEX (NYSE:CX) last released its quarterly earnings results on Monday, April 29th. The construction company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The company 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 last year, the firm earned $0.15 EPS. On average, analysts expect CEMEX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CEMEX Price Performance

CX stock opened at $6.49 on Wednesday. The business has a 50 day simple moving average of $6.81 and a 200-day simple moving average of $7.67. The company has a market capitalization of $9.40 billion, a P/E ratio of 46.36 and a beta of 1.47. CEMEX has a twelve month low of $5.67 and a twelve month high of $9.27. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

CEMEX Dividend Announcement

The firm also recently declared a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were paid a dividend of $0.349 per share. The ex-dividend date of this dividend was Monday, June 17th. CEMEX’s dividend payout ratio is currently 14.29%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CX shares. Royal Bank of Canada assumed coverage on shares of CEMEX in a report on Tuesday, May 14th. They issued an “underperform” rating and a $9.00 target price for the company. 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 note on Wednesday, April 24th. JPMorgan Chase & Co. lowered their target price on CEMEX from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Monday, July 8th. The Goldman Sachs Group initiated coverage on CEMEX in a research note on Wednesday, July 10th. They set a “buy” rating and a $9.00 price target for the company. Finally, StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CEMEX presently has an average rating of “Moderate Buy” and a consensus price target of $9.24.

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.