Cemex SAB de CV (CX) Announces Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Cemex SAB de CV (NYSE:CX) announced its quarterly earnings data on Thursday. The construction company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.12), Zacks reports. The firm had revenue of $3.45 billion during the quarter. Cemex SAB de CV had a net margin of 3.38% and a return on equity of 4.24%.

Shares of NYSE:CX traded down $0.08 during trading on Friday, hitting $4.86. 12,166,971 shares of the company traded hands, compared to its average volume of 6,605,254. The firm has a market capitalization of $7.77 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.62. Cemex SAB de CV has a one year low of $4.47 and a one year high of $7.65. The company has a current ratio of 0.81, a quick ratio of 0.57 and a debt-to-equity ratio of 0.83.

Several brokerages recently weighed in on CX. Zacks Investment Research raised Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays set a $7.00 price objective on Cemex SAB de CV and gave the company a “buy” rating in a report on Wednesday, January 23rd. ValuEngine raised Cemex SAB de CV from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. UBS Group lowered Cemex SAB de CV from a “buy” rating to a “neutral” rating in a report on Wednesday, November 14th. Finally, Scotiabank lowered Cemex SAB de CV from an “outperform” rating to a “sector perform” rating in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Cemex SAB de CV currently has a consensus rating of “Hold” and a consensus price target of $8.71.

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About Cemex SAB de CV

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

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Earnings History for Cemex SAB de CV (NYSE:CX)

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