CEMEX (NYSE:CX) Issues Quarterly Earnings Results

CEMEX (NYSE:CX) issued its quarterly earnings results on Monday. The construction company reported $0.17 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.14 billion for the quarter. During the same period last year, the firm earned $0.15 earnings per share.

CEMEX Stock Performance

Shares of NYSE:CX opened at $7.89 on Thursday. The company’s 50 day moving average price is $8.33 and its two-hundred day moving average price is $7.67. CEMEX has a 12-month low of $5.67 and a 12-month high of $9.27. The firm has a market cap of $11.42 billion, a PE ratio of 56.32, a PEG ratio of 0.16 and a beta of 1.50. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.

Wall Street Analyst Weigh In

CX has been the topic of a number of research analyst reports. Bank of America cut shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Wednesday, April 24th. Barclays lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target on the stock. in a research note on Friday, February 9th. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group upped their price target on shares of CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Two 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 company. According to MarketBeat.com, the stock presently has an average 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.