CEMEX, S.A.B. de C.V. (CX) To Go Ex-Dividend on March 10th

CEMEX, S.A.B. de C.V. (NYSE:CX) announced a dividend on Friday, February 28th, NASDAQ Dividends reports. Shareholders of record on Monday, March 10th will be given 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 Performance

NYSE CX opened at $6.08 on Friday. The business’s 50 day moving average price is $6.03 and its 200-day moving average price is $5.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market cap of $8.81 billion, a P/E ratio of 9.66 and a beta of 1.49. CEMEX has a fifty-two week low of $5.00 and a fifty-two week high of $9.27.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CX. Royal Bank of Canada increased their price target on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group increased their price target on CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report 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 data from MarketBeat, CEMEX presently has a consensus rating of “Hold” and an average target price of $7.82.

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.