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

CEMEX, S.A.B. de C.V. (NYSE:CXGet Free Report) announced a Variable dividend on Friday, June 7th, NASDAQ reports. Stockholders 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 of this dividend is Monday, June 17th.

CEMEX Stock Performance

Shares of NYSE:CX opened at $6.43 on Friday. The business’s 50-day simple moving average is $7.75 and its 200 day simple moving average is $7.88. The company has a market cap of $9.32 billion, a P/E 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 one year low of $5.67 and a one year high of $9.27.

CEMEX (NYSE:CXGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The construction company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The company had revenue of $4.14 billion for the quarter. During the same quarter in the prior year, the business earned $0.15 EPS. On average, sell-side analysts forecast that CEMEX will post 0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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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.

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