Cemex S.A.B. de C.V. (CX) To Go Ex-Dividend on December 15th

Cemex S.A.B. de C.V. (NYSE:CX) declared a quarterly dividend on Friday, December 5th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.0224 per share by the construction company on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, December 15th.

Cemex has decreased its dividend by an average of 0.1%per year over the last three years. Cemex has a dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cemex to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 12.5%.

Cemex Stock Up 3.2%

Shares of NYSE:CX traded up $0.36 during midday trading on Friday, hitting $11.55. 8,726,989 shares of the company’s stock traded hands, compared to its average volume of 7,035,916. Cemex has a twelve month low of $4.89 and a twelve month high of $11.57. The firm’s fifty day moving average price is $10.11 and its two-hundred day moving average price is $8.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.91. The company has a market cap of $16.74 billion, a PE ratio of 12.42, a P/E/G ratio of 1.25 and a beta of 1.61.

Cemex (NYSE:CX) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $226.73 million. Cemex had a return on equity of 6.85% and a net margin of 8.62%. On average, equities research analysts anticipate that Cemex will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on CX. The Goldman Sachs Group lifted their price target on shares of Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Scotiabank downgraded Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 target price for the company. in a research note on Tuesday, October 21st. Barclays boosted their price target on Cemex from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Finally, Bank of America upgraded Cemex from a “neutral” rating to a “buy” rating and increased their target price for the company from $10.00 to $10.80 in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.14.

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.