CEMEX, S.A.B. de C.V. (NYSE:CX) Plans Variable Dividend of $0.35

CEMEX, S.A.B. de C.V. (NYSE:CX) announced a Variable dividend on Friday, June 7th, NASDAQ reports. Shareholders of record on Monday, June 17th will be paid a dividend of 0.349 per share by the construction company on Wednesday, June 26th. The ex-dividend date is Monday, June 17th.

CEMEX Stock Performance

NYSE:CX opened at $6.43 on Friday. The firm’s 50-day moving average is $7.75 and its 200-day moving average is $7.88. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 45.93 and a beta of 1.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.78. CEMEX has a 52-week low of $5.67 and a 52-week high of $9.27.

CEMEX (NYSE:CX) last issued its quarterly earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. CEMEX had a return on equity of 1.82% and a net margin of 1.28%. The firm had revenue of $4.14 billion for the quarter. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Equities research analysts anticipate that CEMEX will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group raised their target price on CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. Royal Bank of Canada started coverage on CEMEX in a report on Tuesday, May 14th. They set an “underperform” rating and a $9.00 price objective on the stock. Finally, Bank of America cut CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CEMEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.46.

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.