CEMEX, S.A.B. de C.V. Plans Dividend of $0.02 (NYSE:CX)

CEMEX, S.A.B. de C.V. (NYSE:CX) announced a dividend on Friday, February 28th, NASDAQ Dividends reports. Investors of record on Monday, March 10th will be paid a dividend of 0.0207 per share by the construction company on Tuesday, March 18th. The ex-dividend date of this dividend is Monday, March 10th.

CEMEX Stock Down 4.4 %

Shares of NYSE CX opened at $6.08 on Friday. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 9.66 and a beta of 1.49. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. CEMEX has a 12 month low of $5.00 and a 12 month high of $9.27. The stock has a 50-day moving average price of $6.03 and a two-hundred day moving average price of $5.90.

CEMEX (NYSE:CX) last released its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, analysts forecast that CEMEX will post 0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CX shares. Royal Bank of Canada raised their price objective on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a report on Monday, February 10th. The Goldman Sachs Group lifted their price target on CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.82.

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.