CEMEX (NYSE:CX) Issues Earnings Results

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

CEMEX Stock Down 2.0 %

Shares of CX opened at $8.11 on Tuesday. The stock has a 50 day moving average price of $8.33 and a 200 day moving average price of $7.66. CEMEX has a one year low of $5.67 and a one year high of $9.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.78. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 57.89, a PEG ratio of 0.17 and a beta of 1.47.

Wall Street Analyst Weigh In

CX has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday. Barclays lowered shares of 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. Finally, Bank of America downgraded shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus 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.