CEMEX (CX) Set to Announce Earnings on Thursday

CEMEX (NYSE:CX) is set to announce its earnings results before the market opens on Thursday, April 25th. Individual that wish to register for the company’s earnings conference call can do so using this link.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 8th. The construction company reported ($0.30) EPS for the quarter. CEMEX had a return on equity of 1.50% and a net margin of 1.06%. The business had revenue of $4.24 billion during the quarter. On average, analysts expect CEMEX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CEMEX Stock Performance

Shares of CX opened at $8.18 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.74 and a quick ratio of 0.47. CEMEX has a one year low of $5.67 and a one year high of $9.27. The firm has a market capitalization of $11.85 billion, a P/E ratio of 68.17, a PEG ratio of 0.16 and a beta of 1.47. The business has a fifty day moving average of $8.26 and a 200 day moving average of $7.54.

Institutional Trading of CEMEX

A number of hedge funds and other institutional investors have recently made changes to their positions in CX. HighTower Advisors LLC lifted its position in shares of CEMEX by 8.1% during the 1st quarter. HighTower Advisors LLC now owns 255,170 shares of the construction company’s stock worth $1,349,000 after purchasing an additional 19,051 shares during the last quarter. Private Advisor Group LLC raised its holdings in CEMEX by 164.4% during the first quarter. Private Advisor Group LLC now owns 38,153 shares of the construction company’s stock worth $202,000 after purchasing an additional 23,725 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in CEMEX by 58.4% in the first quarter. PNC Financial Services Group Inc. now owns 15,387 shares of the construction company’s stock valued at $80,000 after buying an additional 5,676 shares in the last quarter. Natixis Advisors L.P. increased its holdings in CEMEX by 23.6% in the first quarter. Natixis Advisors L.P. now owns 278,056 shares of the construction company’s stock valued at $1,471,000 after buying an additional 53,124 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in CEMEX by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,277,600 shares of the construction company’s stock valued at $43,789,000 after buying an additional 270,749 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. Bank of America raised CEMEX from a “neutral” rating to a “buy” rating and upped their target price for the company from $8.20 to $9.00 in a research note on Tuesday, January 9th. Finally, Barclays lowered CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target for the company. in a report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.37.

About CEMEX

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.