CEMEX (CX) Set to Announce Earnings on Thursday

CEMEX (NYSE:CX) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

CEMEX (NYSE:CX) last posted its quarterly earnings results on Thursday, February 8th. The construction company reported ($0.30) EPS for the quarter. The company had revenue of $4.24 billion during the quarter. CEMEX had a return on equity of 1.50% and a net margin of 1.06%. On average, analysts expect CEMEX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CEMEX Price Performance

NYSE:CX opened at $8.18 on Thursday. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 68.17, a P/E/G ratio of 0.16 and a beta of 1.47. CEMEX has a 52-week low of $5.67 and a 52-week high of $9.27. The stock has a fifty day moving average of $8.26 and a 200 day moving average of $7.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.74.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America raised CEMEX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $8.20 to $9.00 in a research note on Tuesday, January 9th. StockNews.com cut CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. Finally, Barclays cut CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective on the stock. in a research report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.37.

Institutional Investors Weigh In On CEMEX

Hedge funds and other institutional investors have recently modified their holdings of the stock. LM Advisors LLC bought a new position in shares of CEMEX during the 4th quarter valued at about $57,000. Atlas Capital Advisors LLC increased its holdings in CEMEX by 678.4% during the second quarter. Atlas Capital Advisors LLC now owns 9,247 shares of the construction company’s stock valued at $65,000 after buying an additional 8,059 shares during the period. Engineers Gate Manager LP acquired a new stake in CEMEX in the fourth quarter valued at approximately $41,000. Atria Wealth Solutions Inc. acquired a new stake in shares of CEMEX during the second quarter worth $40,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of CEMEX during the fourth quarter worth $80,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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.