CEMEX (NYSE:CX) Announces Quarterly Earnings Results

CEMEX (NYSE:CX) issued its earnings results on Monday. The construction company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04, Zacks reports. 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 quarter in the prior year, the company earned $0.15 EPS.

CEMEX Stock Performance

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CX shares. The Goldman Sachs Group increased their target price on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday. Barclays cut CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target for the company. in a research note on Friday, February 9th. Bank of America cut shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Wednesday, April 24th. Finally, StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.