CEMEX (CX) Projected to Post Quarterly Earnings on Thursday

CEMEX (NYSE:CX) is projected to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $185.29 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

CEMEX Stock Performance

CX stock opened at $5.97 on Thursday. CEMEX has a 1-year low of $5.00 and a 1-year high of $9.27. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The firm has a market cap of $8.66 billion, a PE ratio of 19.91 and a beta of 1.49. The business’s 50-day moving average price is $5.68 and its two-hundred day moving average price is $5.88.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio is 20.00%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lowered CEMEX from an “overweight” rating to a “neutral” rating and cut their price target for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. Royal Bank of Canada cut shares of CEMEX from a “sector perform” rating to an “underperform” rating and reduced their target price for the stock from $6.00 to $5.00 in a report on Wednesday, December 11th. StockNews.com lowered shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. Barclays decreased their price objective on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Scotiabank reduced their price target on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CEMEX currently has an average rating of “Hold” and an average target price of $7.65.

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.