Cemex (NYSE:CX) Issues Earnings Results, Beats Estimates By $0.03 EPS

Cemex (NYSE:CX) issued its quarterly earnings data on Sunday. The construction company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03, FiscalAI reports. The business had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.45 billion. Cemex had a net margin of 2.83% and a return on equity of 3.82%.

Cemex Stock Up 1.9%

CX stock traded up $0.20 during trading on Tuesday, reaching $10.39. 1,078,492 shares of the company traded hands, compared to its average volume of 6,367,516. The business has a 50 day simple moving average of $10.25 and a 200 day simple moving average of $11.68. Cemex has a 12 month low of $9.30 and a 12 month high of $13.67. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.92. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 30.63 and a beta of 1.51.

Cemex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th were given a $0.0312 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Cemex’s dividend payout ratio is presently 35.29%.

Insiders Place Their Bets

In other Cemex news, Director Zambrano Lozano bought 400,800 shares of Cemex stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average price of $17.28 per share, with a total value of $6,925,824.00. Following the completion of the acquisition, the director directly owned 10,000,000 shares in the company, valued at approximately $172,800,000. This trade represents a 4.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP De La Garza Oscar Bal Elizondo sold 212,680 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $10.68, for a total transaction of $2,271,422.40. Following the completion of the transaction, the vice president owned 289,490 shares of the company’s stock, valued at approximately $3,091,753.20. This represents a 42.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CX. Wall Street Zen cut Cemex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research lowered Cemex from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. Scotiabank decreased their price objective on shares of Cemex from $14.50 to $13.80 and set a “sector outperform” rating on the stock in a research report on Tuesday. Citigroup raised shares of Cemex from a “neutral” rating to a “buy” rating and lowered their target price for the company from $13.70 to $12.00 in a research note on Thursday, October 15th. Finally, Royal Bank Of Canada lifted their target price on shares of Cemex from $13.25 to $13.75 and gave the company a “sector perform” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cemex has a consensus rating of “Moderate Buy” and an average price target of $13.91.

Key Cemex News

Here are the key news stories impacting Cemex this week:

• Positive Sentiment: Q3 results beat expectations: Cemex reported adjusted EPS of $0.28 versus the $0.25 consensus estimate and revenue of $4.59 billion versus expectations of $4.45 billion. Operating EBITDA increased 12% to $990 million. Cemex reports 12% rise in Q3 operating EBITDA
• Positive Sentiment: Profitability and cash flow improved: Third-quarter profit rose 55%, while management highlighted record free cash flow. Operating free cash flow increased by more than $900 million year to date, strengthening the investment case and potentially supporting debt reduction or shareholder returns. Cemex Q3 profit rises 55%
• Positive Sentiment: Cost savings are progressing: Project Cutting Edge has achieved 80% of its $475 million savings target, indicating that efficiency initiatives are contributing to improved cash generation and margins. CEMEX key takeaways for long-term investors
• Positive Sentiment: Analyst target increased: RBC raised its price target for CX from $13.25 to $13.75, signaling greater confidence in Cemex’s earnings and cash-flow outlook. RBC raises target for Cemex
• Neutral Sentiment: Mexico’s recovery helped offset softer conditions in the United States, making regional performance an important factor for the stock’s next move. Cemex earnings beat estimates
• Negative Sentiment: U.S. weakness remains a headwind: Despite the overall earnings beat, weaker U.S. activity could limit near-term growth and temper the positive impact of Mexico’s recovery.

About Cemex

Cemex, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces and markets cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.

Cemex also provides construction solutions and services, including materials distribution, logistics and digital tools designed to support contractors, builders and other customers. Its products serve a broad range of applications, from housing and commercial development to roads, bridges, airports and other major infrastructure.

Founded in Mexico in 1906, Cemex has expanded through organic growth and acquisitions into an international business serving customers across the Americas, Europe, Africa, the Middle East and Asia.