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. Shareholders 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 is Monday, March 10th.

CEMEX Trading Down 4.4 %

Shares of CX stock opened at $6.08 on Friday. 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 twelve month low of $5.00 and a twelve month high of $9.27. The company’s 50-day moving average price is $6.03 and its 200-day moving average price is $5.90. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 9.66 and a beta of 1.49.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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, equities analysts predict that CEMEX will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on CX. The Goldman Sachs Group raised their target price on CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Royal Bank of Canada boosted their price objective on shares of CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.