Cemex S.A.B. de C.V. (NYSE:CX) Declares $0.02 Quarterly Dividend

Cemex S.A.B. de C.V. (NYSE:CX) announced a quarterly dividend on Friday, September 5th. Shareholders of record on Wednesday, September 17th will be paid a dividend of 0.0224 per share by the construction company on Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 17th.

Cemex Trading Down 1.2%

Shares of Cemex stock opened at $9.38 on Monday. Cemex has a fifty-two week low of $4.89 and a fifty-two week high of $9.55. The firm has a market cap of $13.59 billion, a PE ratio of 9.20, a P/E/G ratio of 1.51 and a beta of 1.43. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $8.47 and its two-hundred day moving average is $7.05.

Cemex (NYSE:CX) last announced its quarterly earnings results on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Cemex had a return on equity of 6.89% and a net margin of 9.61%.The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.20 billion. Analysts anticipate that Cemex will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CX has been the topic of several recent analyst reports. Barclays boosted their target price on Cemex from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. raised Cemex from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $8.10 to $10.50 in a report on Tuesday, August 26th. Bank of America boosted their target price on Cemex from $8.60 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Scotiabank reissued an “outperform” rating on shares of Cemex in a report on Tuesday, September 2nd. Finally, Itau BBA Securities cut Cemex from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 3rd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.02.

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.