CEMEX (NYSE:CX) Releases Earnings Results

CEMEX (NYSE:CX) posted its quarterly earnings results 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 in the previous year, the company earned $0.15 earnings per share.

CEMEX Price Performance

CEMEX stock opened at $7.89 on Thursday. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 0.16 and a beta of 1.50. The firm’s fifty day moving average is $8.33 and its 200 day moving average is $7.67. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. CEMEX has a 52-week low of $5.67 and a 52-week high of $9.27.

Wall Street Analysts Forecast Growth

CX has been the subject of a number of research reports. The Goldman Sachs Group upped 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, April 26th. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Barclays lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a research report on Friday, February 9th. Finally, Bank of America lowered shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CEMEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.53.

CEMEX Company Profile

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.